Surety Bond Underwriter

VGM Group, Inc•Waterloo, IA

4h•Onsite

About The Position

As a Surety Bond Underwriter, you will play a key role in building and executing the underwriting function for VGM Insurance Services. This position operates in a dynamic environment with frequent deadlines and competing priorities, requiring exceptional organization, attention to detail, and adaptability. You will be responsible for underwriting all new and renewal surety bonds, cultivating strong relationships with carrier partners, and driving the successful retention and performance of your assigned book of business. A commitment to delivering high‑quality customer service is essential to success in this role. Why this role matters A Surety Bond Underwriter will be responsible for all new and renewal underwriting of surety bonds, maintaining strong relationships with surety bond carrier partners, and successful retention of the assigned book of business. Maintaining and enhancing our working relationships with surety bond partners is key to the ongoing success of our business. VGM Insurance Services is headquartered in Waterloo, Iowa, and has provided Protection Beyond Policies for over 30 years. VGM Insurance offers industry-specific insurance products and risk management solutions nationwide for a variety of post-acute healthcare industries, as well as golf and hospitality markets. Learn more at www.vgminsurance.com [http://www.vgminsurance.com/]. What’s more? At VGM Group, we are 100% employee owned. Click to view more about VGM! [https://www.vgmgroup.com/stories-of-opportunity]

Requirements

Minimum of 2 years’ experience in property and casualty insurance industry
Commercial Insurance License – if not currently licensed, or license has expired upon employment, candidate is required to obtain license and pass all applicable exams.
Bachelor’s degree in business related field, or equivalent education and/or experience
Minimum of 2 years' experience building business relationships with customers and clients, in a corporate office setting
Experience in evaluating risks submitted to determine eligibility, profitability and desirability to determine acceptance or rejection in accordance with established guidelines
Knowledge and experience in insurance and surety bonds including coverages, rating, terminology and technical procedures
Excellent verbal and written communication and interpersonal skills
Proven attention to detail, follow-through skills, and problem solving skills
Strong organizational and time management skills to prioritize heavy workloads to meet time sensitive deadlines
Self-starter with desire to grow surety bond portfolio through collaboration on new leads with sales team
Work independently in a paperless environment
Detail-oriented with the ability to manage and prioritize multiple tasks at once
Ensures that all regulatory, compliance and transparency requirements are met and complies with all internal policies and procedures
Proven ability to maintain strong business relationships and communicate effectively with others

Responsibilities

Building professional relationships by communicating frequently and clearly to customers to meet mutual objectives
Achieve new business & retention goals through proper underwriting and servicing of accounts throughout the bond term
Perform New Business Underwriting of DMEPOS Medicare & Medicaid Bonds
Obtain other bond quotes as needed for current & new customers working with carrier partners
Annually perform Underwriting Review in partnership with Sompo on large accounts
Have knowledge on how to perform standard renewal underwriting process, continuation certificate issuance process, and issuing riders
Develop UW standards and improve processes for renewal underwriting, continuation certificate and rider issuance
Oversee surety bond claims processing through delegation of work to team members once new process is established. Continually educating customers on impact of claim
Develop key relationships with Broker Partners & insureds. Working in tandem with Account Managers on renewal and onboarding of platinum and/or large clients
Other duties as assigned