What are the responsibilities and job description for the Assistant Regional Manager, Contract Surety position at IAT Insurance Group?
IAT Insurance Group has an immediate need for an Assistant Regional Manager, Surety located in our Scottsdale, Arizona location. The Assistant Regional Manager is responsible for the growth and development of the region with the full financial support of IAT. This senior leader needs to be recognized as a contract surety expert within the industry in order to develop credibility with agents and attract the additional talent required as the business grows. The goal is to position IAT Surety as both a valued partner to key surety producers as well as a recognized leader in the regional surety marketplace. Please note, IAT works on a hybrid schedule, working from the office Monday through Wednesday with the option of working remotely Thursday and Friday.
Responsibilities:
- Secondary Driver of the Business; becomes Primary absent the Regional Manager.
- Secondary Intermediary between the Branch and Home Office; becomes Primary absent the Regional Manager.
- Secondary Leader of the Branch; becomes Primary absent the Regional Manager.
- Establish and implement short and long range regional goals and objectives.
- Manage the performance and development of regional staff.
- Prepare and present annual budget for Regional Office.
- Establish and manage the department expenses and budget.
- Drive regional initiatives and business strategies.
- Work strategically and tactically with agents/principals to ensure appropriate level of understanding of company goals and objectives.
- Coach, lead and develop underwriters and participate in the development of underwriting training.
- Manage regional agency plant to ensure positive and profitable outcomes.
- Within authority limit, make timely and prudent decisions consistent with approved guidelines and requirements within submission timeframe.
- In conjunction with home office and commercial Regional Manager, establish and manage regional growth and business targets.
- Accountable for the profit centers’ underwriting and accurate underwriting documentation and adhere to underwriting policies and procedures.
- Participate in industry functions to increase company visibility in the marketplace.
- Demonstrate superior responsiveness to agents, principals and Home Office staff (consistency, quick response, knowledge of accounts).
- Perform other duties as necessary.
Qualifications:
- Bachelor’s degree in business or related field, more than 7 years of experience in surety with experience building, developing, and expanding distribution relationships or equivalent.
- Equivalent experience is defined as 11 years of relevant experience.
- Must include significant contract surety underwriting experience.
- Must be a self-starter who will thrive in a results oriented and entrepreneurial environment.
- must have an entrepreneurial mindset with a strong balance of both strategic and operating skills.
- Must be a sharp rigorous thinker who creates a logical connection for others between the dynamics of market realities, goals, vision and strategy.
- Must be an underwriter thus exhibiting granular knowledge of all aspects of contract surety.
- Must be market savvy and know what the competition is doing from a product and pricing perspective and quickly grasp challenges and opportunities.
- Possess high ethical standards and expects the same from all other in the organization
- Ability to establish and develop long‐standing relationships.
- 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.
Our Culture
IAT is the largest private, family-owned property and casualty insurer in the U.S. Insurance 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 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 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.