Underwriter
Job Location:
Waterloo, WI - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
If you are driven by curiosity and motivated to uncover the details that lead to sound decisions and enjoy applying strong analytical and communication skills to influence outcomes consider building your underwriting career at VGM Insurance.
Why this role matters
As a Surety Bond Underwriter at VGM Insurance youll underwrite all new and renewal surety bonds maintain and strengthen relationships with carrier partners and drive retention and performance across your assigned book of business. Youll bring structure to ambiguity - balancing risk profitability and customer experience - so the right decisions are made clearly and confidently.
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
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
In the Surety Bond Underwriter role youll apply data-driven analysis collaborate with carrier and broker partners and help steward a high-impact book of business with VGM Insurances surety bond clients.
- 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
- Build professional relationships by communicating frequently and clearly to customers to meet mutual objectives
- Maintain knowledge on how to perform standard renewal underwriting process continuation certificate issuance process and issuing riders
- Develop underwriting standards and improve processes for renewal underwriting continuation certificate and rider issuance
- Oversee surety bond claims processing and continually educate customers on impact of claims
- Develop key relationships with broker partners & insureds.
- Work collaboratively with Account Managers on renewal and onboarding of platinum and/or large clients
- Perform other duties and complete other projects as assigned
What will make you successful
Education and experience:
- Minimum of 2 years experience in property and casualty insurance industry
- 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
- Proven success in a surety underwriting or commercial underwriting role
- 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
- 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.
