Surety Account Manager

IAT Insurance Group; Naperville (IL); Hybrid; USD 24,521 - 51,453; Full time

Benefits offered by this job

26 PTO Days

7% 401(k) Company Match

Healthcare and Wellness Programs

Hybrid work environment

Educational Assistance Program

Job summary

A major insurance provider is seeking a Surety Account Manager in Naperville, IL. This role involves supporting Underwriters and Agents through customer service, managing accounts, and processing bond-related tasks. Candidates should have at least 3 years in insurance or finance, organizational skills, and effective communication abilities. The position offers a hybrid work environment and various benefits, including 26 PTO days and 401(k) match.

Qualifications

• 3+ years of experience in the insurance or finance industry.
• Knowledge of Underwriting support processes and procedures.
• Ability to adapt to change.

Responsibilities

• Provide overall day to day customer service to Underwriters, Agents, and Principals.
• Process premium entry of bonds and handle renewals and cancellations.
• Generate and distribute monthly reports to Regional Managers.

Skills

Effective written and verbal communication skills

Strong organizational skills

Basic Accounting experience

Strong critical thinking skills

Education

High School Diploma

Bachelor’s degree (preferred)

Job description

Surety Account Manager page is loaded## Surety Account Managerlocations: Scottsdale AZ: PA Norristown Business Site (SRO Philadelphia): Naperville ILtime type: Full timeposted on: Posted 3 Days Agojob requisition id: JR100110IAT Insurance Group Surety Business Unit has openings for Surety Account Managers (Underwriting Support) in one of our following office locations:• Scottsdale, AZ • Philadelphia, PA • Naperville, ILThis role will provide overall day to day customer service and support to Underwriters, Agents, Principals. 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 OFAC checks and credit reports.* Process premium and entry of bonds, determining the ratings and class coding.* Process renewals, endorsements, and cancellations 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 required* Equivalent education and experience would be 3+ years of experience in the insurance or finance industry* Basic Accounting experience* Knowledge of Underwriting support processes and procedures, basic mathematics and problem-solving techniques* Strong keyboarding skills* Effective written and verbal communication skills used for interaction with all levels of associates and/or external sources in a variety of settings* Strong PC skills required* Must be detail and action oriented* Must be an effective problem solver* Ability to work in fast-paced and deadline-driven production environment* Strong critical thinking skills* Strong organizational skills with ability to set and maintain priorities* Ability to adapt to change* 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:*** Bachelor’s degree* Surety Bond Underwriting support experienceAll 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, if you live in Illinois, the typical hourly range for this role is $17.80 - $37.35. This range represents the anticipated low and high end for this position in that location. Actual hourly pay 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. **I*nsurance* A*nswers* T*ogether*** 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 PolicyAll 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.locations: Naperville ILtime type: Full timeposted on: Posted 3 Days Ago