Surety Account Manager (Underwriting Support)

IAT Insurance Group•Naperville, IL

34d•Hybrid

About The Position

IAT Insurance Group Surety Business Unit has an immediate opening for a Surety Account Manager (Underwriting Support) in our Naperville, Illinois location. This role will provide overall day to day customer service and support to Underwriters, Agents, Principals. Acts as a liaison between the organization and clients, working closely with both entities to ensure needs are being met. Please note, IAT works on a hybrid schedule. This role will be required to work from the office Monday through Wednesday with the option of working remotely Thursday and Friday.

Requirements

High School Diploma required
Equivalent education and experience would be 3+ years of experience in the insurance or finance industry
Basic Accounting experience
Knowledge of Underwriting support processes and procedures, basic mathematics and problem-solving techniques
Strong keyboarding skills
Effective written and verbal communication skills used for interaction with all levels of associates and/or external sources in a variety of settings
Strong PC skills required
Must be detail and action oriented
Must be an effective problem solver
Ability to work in fast-paced and deadline-driven production environment
Strong critical thinking skills
Strong organizational skills with ability to set and maintain priorities
Ability to adapt to change
To qualify, all applicants must be authorized to work in the United States and must not require, now or in the future, VISA sponsorship for employment purposes

Nice To Haves

Bachelor’s degree
Surety Bond Underwriting support experience

Responsibilities

Account creation for new principals, including OFAC checks and credit reports.
Process premium and entry of bonds, determining the ratings and class coding.
Process renewals, endorsements, and cancellations in line with bond forms and contract terms.
Maintain account principal and bond files; may request updates from Agents.
Audit Agent bond logs and follow up with agents resolving any gaps or problems.
Set up Status reports for bonds when applicable and follow up with agents or owners to ensure completion.
Generate and distribute monthly reports to Regional Managers and or Underwriters.
Research and respond to agents and internal billing team to resolve invoicing discrepancies.
Answers and processes internal information requests from a variety of internal functions (Legal, IT, licensing, RM's and other HO departments etc.).
Respond to client and company requests for action and information on any bond-related matter.
Review and analyze issues in collaboration with Producers, and appropriate Support Department personnel. May be escalated to Ex. AM.
Call or email agents about unpaid bonds, Work with RM on over 90 reports and outstanding balances with agents.
Assist/advise underwriters of Ratings per state and bond type and rules and provide quotes to Agents (might be a higher-level admin function).
Performs other duties as assigned.

Benefits

26 PTO Days (Entry Level) + 12 Company Holidays = 38 Paid Days Off
7% 401(k) Company Match and additional Profit Sharing
Hybrid work environment
Numerous training and development opportunities to assist you in furthering your career
Healthcare and Wellness Programs
Opportunity to earn performance-based bonuses
College Loan Assistance Support Plan
Educational Assistance Program
Mentorship Program
Dress for Your Day Policy