IAT Insurance Group has an immediate need for a Surety Regional Manager located in our Greenwood Village, Colorado location. The Surety Regional Manager is responsible and accountable for the successful management of the Colorado, New Mexico, Wyoming, and Nevada surety businesses. This individual will be responsible for the growth and development of the region with the full financial support of IAT. This senior leader needs to be recognized as a surety expert within the industry in order to maintain credibility with agents and attract the additional talent required as the business grows. The goal is to position IAT Surety as both a valued partner to key surety producers as well as a recognized leader in the regional surety marketplace. This role will work a hybrid schedule from the office Monday through Wednesday, with the option of working remotely on Thursday and Friday.
Responsibilities:
- Establish and implement short- and long-range regional goals and objectives.
- Manage the performance and development of regional staff.
- Prepare and present annual budget for Regional Office.
- Establish and manage the department expenses and budget.
- Drive regional initiatives and business strategies.
- Work strategically and tactically with agents/principals to ensure appropriate level of understanding of company goals and objectives.
- Coach, lead and develop underwriters and participate in the development of underwriting training.
- Manage regional agency plant to ensure positive and profitable outcomes.
- Within authority limit, make timely and prudent decisions consistent with approved guidelines and requirements within submission timeframe.
- Jointly, with Home Office Underwriter, establish and manage regional growth and business targets.
- Accountable for the profit centers’ underwriting and accurate underwriting documentation and adhere to underwriting policies and procedures.
- Participate in industry functions to increase company visibility in the marketplace.
- Demonstrate superior responsiveness to agents, principals.
- Perform other duties as necessary.
Qualifications:
Must Have:
- Bachelor’s degree in business or related field, more than 10 of experience in surety with experience building, developing, and expanding distribution relationships or equivalent.
- Equivalent experience is defined as 8 years of relevant surety underwriting experience along with 2+ years of other related professional experience.
- Experience must include significant commercial surety.
- We will consider current IAT Surety employees for this role who are currently meeting expectations and have the appropriate level of technical abilities.
- Must be a sharp rigorous thinker who creates a logical connection for others between the dynamics of market realities, goals, vision and strategy.
- Ability to respond promptly and effectively to sensitive inquiries or complaints.
- Ability to define problems, gather the facts and draw valid conclusions.
- Ability to prioritize and organize.
- Excellent verbal and written communication skills.
- Possess high ethical standards and expects the same from all other in the organization.
- Ability to establish and develop long‐standing relationships.
- 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.
Preferred to Have:
- Leadership experience
Compensation:
Please note, that the annual gross salary range associated with this posting is $112,820 – $245,610. This range represents the anticipated low and high end of the base salary for this position. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more.
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits
IAT Insurance Group is the largest private, family-owned property and casualty insurer in the U.S. Insurance Answers Together® is how we define IAT, in letter and in spirit. We work together to provide solutions for people and businesses. We collaborate internally and with our partners to provide the best possible insurance and surety options for our customers.
At IAT, we’re committed to driving and building an open and supportive culture for all. Our employees propel IAT forward – driving innovation, stable partnerships and growth. That’s why we continue to build an engaging workplace culture to attract and retain the best talent.
We offer comprehensive benefits like:
- 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.
Skills Required
- Bachelor's degree in business or related field
- More than 10 years of experience in surety or equivalent (8 years relevant surety underwriting + 2+ years related professional experience)
- Experience must include significant commercial surety
- Ability to respond promptly and effectively to sensitive inquiries or complaints
- Ability to define problems, gather facts and draw valid conclusions
- Ability to prioritize and organize
- Excellent verbal and written communication skills
- Possess high ethical standards and expect the same from others
- Ability to establish and develop long-standing relationships
- Authorized to work in the United States and must not require visa sponsorship now or in the future
- Leadership experience
- Sharp, rigorous thinker who links market dynamics, goals, vision and strategy
What We Do
IAT Insurance Group (IAT) is a specialty insurance company headquartered in Raleigh, North Carolina, providing a wide range of property and casualty insurance products and surety bonds to meet the needs of individuals and businesses. IAT consists of eight operating divisions, each sharing the same quality standards, commitment to service and innovation, and an overall mission of excellence. As an organization, we leverage our experienced leadership, sound analytics, proven operating platforms and extensive risk capabilities across the entire enterprise to deliver specialized, sustainable solutions for our customers. With 30+ office locations, IAT has a large footprint throughout the United States. As a privately owned organization, consisting of more than 900 employees, we are able to act strategically within an ever-changing marketplace. We are large enough to make a difference in the industry but small enough to be agile and nimble. Our focus includes meeting customer needs and fostering an exceptional agent and broker network to serve clients. We strive to provide an environment where our employees feel empowered, challenged and valued. Not only does IAT Insurance provide a dynamic workplace, we also provide competitive total compensation packages and great benefits, including but not limited to medical, dental, and vision insurance, a generous time off policy, company provided life and disability insurance, a lucrative 401k company match and incentive plans.
