Surety Senior Underwriter

Surety Senior Underwriter – IAT Insurance Group

IAT Insurance Group has an immediate opening for a Surety Senior Underwriter located in our Greenwood Village, Colorado office. The role will handle both contract and commercial surety and will be responsible for daily interaction with assigned agents regarding new and existing accounts, gathering and evaluating data, and recommending decisions to the Regional Manager. The position works a hybrid schedule from the IAT Office: office Monday‑Wednesday, optional remote Thursday‑Friday.

• Review initial submissions to determine any additional information needed and initiate correspondence to obtain documentation.
• Set up financial backer files for new accounts and maintain them, requesting updated information as necessary (financial statements, credit reports, correspondence, news, etc.) and monitoring aggregate liability.
• Advise the manager immediately if significant negative developments or events occur.
• Compose narratives for new accounts, update them annually, and submit them to the manager with account recommendations for review.
• Update accounts in the Underwriting Database with current financial statement information.
• For bond submissions not affiliated with an account, analyze bond risk/class, underwriting requirements, and applicant qualifications; determine appropriate rate and indemnity and make a recommendation to the manager if not within your authority.
• Evaluate unfamiliar or new bond requirements and discuss with the manager if necessary, especially for potentially hazardous or high‑risk industries (e.g., mortgage brokers, money transmitters).
• Ensure proper indemnity has been secured for new bonds being reported.
• Validate requests to close bonds requiring a release of surety and release collateral, and submit a recommendation to the manager if necessary.
• Maintain information on bond‑specific underwriting requirements and hazards of certain bonds.
• Perform reference checks and order and review credit reports to document proven past capabilities and relationship handling.
• Analyze financial statements to ascertain key components and ratios.
• Evaluate need for additional measures to protect surety, such as indemnity agreements, collateral, escrow arrangements, or outside indemnity; discuss with supervisor as needed.
• Maintain file documentation so that information for existing active accounts remains current for informed decision‑making.
• Communicate decisions clearly and expeditiously to the Regional Manager.
• Regularly discuss or visit with the Agency Principal/Producer about new opportunities for expanding the IFIC presence in the Agency.
• Meet premium targets assigned by the Regional Manager.
• Perform other job‑related duties as required.

Must‑Have:

• Bachelor’s degree in Risk Management, Finance, Mathematics, Business or related field with at least 4 years’ experience in surety underwriting or equivalent (8 years of relevant bond underwriting experience).
• Strong marketing skills and ability to obtain new business and work with contractor clients.
• Strong competency in quantitative and financial analysis.
• AFSB industry designation preferred.
• Strong math aptitude, excellent verbal and written communication, interpersonal and negotiating skills.
• Strong customer‑service orientation and utmost integrity.
• Knowledge of various computer programs, internet‑based programs, and PC literate in the use of spreadsheets.
• Valid driver’s license.
• Authorized to work in the United States; does not require visa sponsorship now or in the future.

Preferred:

• AFSB industry designation.
• Experience with both contract and commercial surety.

The annual gross salary range is $63,270 to $137,880, including a base salary, performance‑based bonus opportunities, 401(k) match, profit‑sharing opportunities, and more. Actual salaries vary based on qualifications, skills, competencies, and geographic location.

To view full benefits, please visit our benefits page.

• 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

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. We maintain a drug‑free workplace and participate in E‑Verify.

Seniority level:
Mid‑Senior level.

Employment type:

Full‑time. Job function:
Finance and Sales. Industries:
Insurance.