Surety Bond Underwriter

Waterloo, WI - USA

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Are you driven by curiosity and motivated to uncover the details that lead to sound decisions Do you enjoy applying strong analytical and communication skills to influence outcomes and build trust with partners If you thrive in a fastpaced collaborative environment this role offers the opportunity to make a meaningful impact.

As a Surety Bond Underwriter you will play a key role in building and executing the underwriting function for VGM Insurance Services. This position operates in a dynamic environment with frequent deadlines and competing priorities requiring exceptional organization attention to detail and adaptability. 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. A commitment to delivering highquality customer service is essential to success in this role.

Why this role matters

A Surety Bond Underwriter will be responsible for all new and renewal underwriting of surety bonds maintaining strong relationships with surety bond carrier partners and successful retention of the assigned book of business. Maintaining and enhancing our working relationships with surety bond partners is key to the ongoing success of our business.

VGM Insurance Services is headquartered in Waterloo Iowa and has provided Protection Beyond Policies for over 30 years. VGM Insurance offers industry-specific insurance products and risk management solutions nationwide for a variety of post-acute healthcare industries as well as golf and hospitality markets. Learn more at .

Whats more At VGM Group we are 100% employee owned. Click to view more about VGM!

Reporting Accountability:VP of Carrier Relations and Program Development within VGM Insurance

Working Location:On-site in Waterloo Iowa at least four days per week

Working Hours Classification:Full-Time 40 hours per week 8am-5pm CST Monday-Friday with additional hours as needed to meet business need and job requirements

What youll do

Building professional relationships by communicating frequently and clearly to customers to meet mutual objectives
Achieve new business & retention goals through proper underwriting and servicing of accounts throughout the bond term
Perform New Business Underwriting of DMEPOS Medicare & Medicaid Bonds
Obtain other bond quotes as needed for current & new customers working with carrier partners
Annually perform Underwriting Review in partnership with Sompo on large accounts
Have knowledge on how to perform standard renewal underwriting process continuation certificate issuance process and issuing riders
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 & insureds. Working in tandem with Account Managers on renewal and onboarding of platinum and/or large clients
Other duties as assigned

Key Qualifications

Education and experience:

Minimum of 2 years experience in 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.
Bachelors degree in 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

Skills and competencies:

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
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

Physical requirements:

Working in front of and using technology efficiently such as computers phones misc. office equipment for long amounts of time per day
Occasional travel to VGM offices for meetings/training etc. if working remote/hybrid
Operation of office equipment and using technology efficiently such as computers phones misc. office equipment for hours per day
Visual abilities include reading distance vision and peripheral vision
Moving throughout the VGM facilities when needed

Learn more about VGM Group Inc.:

Headquartered in Waterloo Iowa VGM is a 100% employee-owned company providing business and professional services to thousands of business customers across North America. Services include group purchasing commercial insurance management of healthcare services and networks in post-acute cases healthcare distribution direct to patient homes specialty consulting online education digital print and traditional marketing and more. VGM employs approximately 1700 people across 40 states and Canada with more than 1100 working in Iowa. VGM has been named the Top Workplace in Iowa on multiple occasions and is proud of its role in the communities in which it serves. For more information visit .

This job description reflects the general duties of the job but is not a detailed description of all duties which may be inherent to the position. Reasonably related additional duties may be assigned to the individual Associate.

VGM Group Inc. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race color religion age sex national origin disability status genetics protected veteran status sexual orientation gender identity or expression or any other characteristic protected by federal state or local laws.

This policy applies to all terms and conditions of employment including recruiting hiring placement promotion termination layoff recall transfer leaves of absence compensation and training.