IAT Insurance Group
Surety Account Manager
IAT Insurance Group, Walnut Creek, California, United States, 94598
IAT Insurance Group Surety Business Unit has an immediate opening for a Surety Account Manager in our Walnut Creek, California location. This role will provide overall day to day customer service and support to Underwriters, Agents, Principals and Obligee, 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.
Responsibilities:
Account creation for new principals, including file creation, onbasing, ofac, and Pcode management, credit reports and referencing.Process premium and entry of bonds, determining the ratings and class coding.Process renewals, endorsements and cancellation 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.Qualifications:
Must Have:
High School Diploma requiredEquivalent education and experience would be 3+ years of experience in the insurance industryBasic Accounting experienceKnowledge of Underwriting support processes and procedures, basic mathematics and problem-solving techniquesStrong keyboarding skillsEffective written and verbal communication skills used for interaction with all levels of associates and/or external sources in a variety of settingsStrong PC skills requiredMust be detail and action orientedAbility to work in fast-paced and deadline-driven production environmentStrong critical thinking skillsStrong organizational skills with ability to set and maintain prioritiesAbility to adapt to changeTo 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 purposesPreferred to Have:
Bachelors’ degreeSurety Bonds Underwriting support experienceOur Culture:
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 Off7% 401(k) Company Match and additional Profit SharingHybrid work environmentNumerous training and development opportunities to assist you in furthering your careerHealthcare and Wellness ProgramsOpportunity to earn performance-based bonusesCollege Loan Assistance Support PlanEducational Assistance ProgramMentorship ProgramDress 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.
Compensation:
Please note, that the annual [gross salary range (hourly rate)] associated with this posting is $21.40– $33.80. This range represents the anticipated low and high end of the base salary for this position. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role.
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits
Responsibilities:
Account creation for new principals, including file creation, onbasing, ofac, and Pcode management, credit reports and referencing.Process premium and entry of bonds, determining the ratings and class coding.Process renewals, endorsements and cancellation 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.Qualifications:
Must Have:
High School Diploma requiredEquivalent education and experience would be 3+ years of experience in the insurance industryBasic Accounting experienceKnowledge of Underwriting support processes and procedures, basic mathematics and problem-solving techniquesStrong keyboarding skillsEffective written and verbal communication skills used for interaction with all levels of associates and/or external sources in a variety of settingsStrong PC skills requiredMust be detail and action orientedAbility to work in fast-paced and deadline-driven production environmentStrong critical thinking skillsStrong organizational skills with ability to set and maintain prioritiesAbility to adapt to changeTo 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 purposesPreferred to Have:
Bachelors’ degreeSurety Bonds Underwriting support experienceOur Culture:
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 Off7% 401(k) Company Match and additional Profit SharingHybrid work environmentNumerous training and development opportunities to assist you in furthering your careerHealthcare and Wellness ProgramsOpportunity to earn performance-based bonusesCollege Loan Assistance Support PlanEducational Assistance ProgramMentorship ProgramDress 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.
Compensation:
Please note, that the annual [gross salary range (hourly rate)] associated with this posting is $21.40– $33.80. This range represents the anticipated low and high end of the base salary for this position. The total compensation will include a base salary, performance-based bonus opportunities, 401(K) match, profit-sharing opportunities, and more. Actual salaries will vary based on factors such as a candidate's qualifications, skills, competencies, and geographical location related to this specific role.
To view details of our full benefits, please visit https://www.iatinsurancegroup.com/careers/benefits