VSolvit is hiring a Surety Bond Underwriter to build and execute the underwriting function for VGM Insurance Services. You will be responsible for underwriting all new and renewal surety bonds, cultivating strong relationships with carrier partners, and driving the successful retention and performance of your assigned book of business.
What You'll Do
- Build professional relationships by communicating frequently and clearly to customers to meet mutual objectives.
- Achieve new business and retention goals through proper underwriting and servicing of accounts throughout the bond term.
- Perform new business underwriting of DMEPOS Medicare and Medicaid bonds.
- Obtain other bond quotes as needed for current and new customers working with carrier partners.
- Annually perform underwriting review in partnership with Sompo on large accounts.
- Develop UW standards and improve processes for renewal underwriting, continuation certificate, and rider issuance.
- Oversee surety bond claims processing through delegation of work to team members once new process is established, continually educating customers on impact of claim.
- Develop key relationships with broker partners and insureds, working in tandem with account managers on renewal and onboarding of platinum and/or large clients.
What We're Looking For
- Minimum of 2 years experience in the property and casualty insurance industry.
- Commercial Insurance License – if not currently licensed, or license has expired upon employment, candidate is required to obtain license and pass all applicable exams.
- Bachelor’s degree in a business-related field, or equivalent education and/or experience.
- Minimum of 2 years experience building business relationships with customers and clients, in a corporate office setting.
- Experience in evaluating risks submitted to determine eligibility, profitability, and desirability to determine acceptance or rejection in accordance with established guidelines.
- Knowledge and experience in insurance and surety bonds including coverages, rating, terminology, and technical procedures.
- Excellent verbal and written communication and interpersonal skills.
- Proven attention to detail, follow-through skills, and problem-solving skills.
- Strong organizational and time management skills to prioritize heavy workloads to meet time-sensitive deadlines.
- Self-starter with desire to grow surety bond portfolio through collaboration on new leads with sales team.
- Ability to work independently in a paperless environment.
- Detail-oriented with the ability to manage and prioritize multiple tasks at once.
- Ensures that all regulatory, compliance, and transparency requirements are met and complies with all internal policies and procedures.
- Proven ability to maintain strong business relationships and communicate effectively with others.
Team & Environment
You will report to the VP of Carrier Relations and Program Development within VGM Insurance. You will join a fast-paced, collaborative, and 100% employee-owned company.
Benefits & Compensation
- 100% employee owned.
Work Mode
This is a hybrid position based in Waterloo, Iowa.
