The Contract Binding Team within the Excess and Surplus division of IAT Insurance Group has an immediate opening for Underwriting Manager of our East Coast Territory from our Cheshire, Connecticut; Alpharetta, Georgia; Naperville or Rolling Meadows, Illinois; Raleigh, North Carolina; Jersey City or Newark, New Jersey; Norristown, Pennsylvania; or Virginia Beach, Virginia location.
Reporting to the Vice President of Underwriting, this role will be tasked with maintaining a book of business and oversight of specific Underwriters located in the Midwest and the East coast. This role works a hybrid schedule that requires working from the office Monday through Wednesday, with the option of working Thursday and Friday remotely.
Responsibilities:
- Manages the work activities, performance, and professional development of the underwriting department, including leading and supporting a geographically dispersed remote team.
- Manage agency relationships and book management.
- Coach underwriting leaders, mentor underwriters, and contribute to the design and delivery of underwriting training programs; travel is required.
- Makes recommendations on underwriting policy and pricing strategy to Business Unit Lead.
- Reviews and manages the application of underwriting policy and pricing for all risks.
- Drive key initiatives and business strategies.
- Represent the organization at key industry events and conduct agency visits.
- Partner with the Product department to develop new products and enhance underwriting approaches.
- Work with the Claims team to review large loss reports and take corrective action when necessary.
- Work with the Actuarial team to review pricing, underwriting results, and portfolio performance.
- Coordinate with the Marketing team to communicate value propositions and underwriting messages to agency partners.
- Stay current on state and territory regulatory requirements, industry activity, and market trends.
- Lead and participate in projects as assigned.
- Perform other duties as needed.
Qualifications:
Must-Have:
- Bachelor’s degree in a related field with 5+ years of commercial insurance experience, or equivalent experience.
- Equivalent experience is defined as 9+ years of relevant professional experience.
- Solid understanding of the Property & Casualty insurance industry.
- Experience with Excess and Surplus lines underwriting.
- Expertise in underwriting complex or unfamiliar risks.
- Ability to apply loss development and advanced loss analysis concepts to achieve optimal risk pricing.
- Ability to creatively structure coverage features, deductibles, and reinsurance solutions to meet company objectives.
- To qualify, applicants must be authorized to work in the United States and must not require VISA sponsorship, now or in the future, for employment purposes.
Preferred to Have:
- Master’s degree in risk management, Finance, Mathematics, or Business.
- Professional insurance designations such as CPCU, ARM, or AU.
- Completion of INS 21, 22, and 23, or equivalent coursework.
Compensation:
Please note, that the annual [gross salary range (hourly rate)] associated with this posting is $72,560 - $157,950. 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
#LI-SD1
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 a related field with 5+ years of commercial insurance experience (or equivalent experience: 9+ years)
- Solid understanding of the Property & Casualty insurance industry
- Experience with Excess and Surplus lines underwriting
- Expertise in underwriting complex or unfamiliar risks
- Ability to apply loss development and advanced loss analysis concepts for risk pricing
- Ability to structure coverage features, deductibles, and reinsurance solutions
- Authorization to work in the United States and not require visa sponsorship now or in the future
- Experience managing and developing underwriting teams and geographically dispersed staff
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.
