Pathway to a Surety Career

Pathway to a Surety Career

Are you looking for a dynamic and rewarding career in the financial industry? Surety might be the Answer. In episode 12 of What's Brewing, we explore the world of surety underwriting with two of IAT’s Associate Underwriters, Brianna Arevalo and Ryan Pappas.

Tune into the episode here.

Below, we explore key themes from their discussion.

The Talent Gap in Surety

The insurance and surety industries are facing a major talent crisis. According to Insurance Journal, nearly 50% of the current workforce will retire in the next 15 years, creating over 400,000 job vacancies. This presents a unique opportunity for young professionals and career changers to enter a field with strong job security, career growth, and competitive salaries.

What is Surety?

If you’re new to surety, think of it as a financial guarantee rather than traditional insurance. Surety bonds ensure that contractual obligations are met—especially in construction, where they protect public investments like roads and schools. Unlike insurance, where losses are expected and covered by premiums, surety operates under the assumption that obligations will be fulfilled, making underwriting a meticulous process.

Why Choose a Career in Surety?

In this episode, both Brianna and Ryan shared their unique journeys into surety, neither of whom originally planned on working in the industry. They highlighted the diverse nature of the work, which includes financial analysis, contract negotiations, and relationship management. Each day presents new challenges, keeping the job engaging and rewarding.

Key benefits of a career in surety include:

• Job Stability: The industry has a low unemployment rate and strong demand for skilled professionals.
• Career Growth: Opportunities for mentorship, professional development, and leadership roles.
• Variety & Travel: Surety professionals engage in financial analysis, legal contract work, and client relations, often traveling to meet clients and agents.
• Networking & Relationship Building: Strong industry connections with agents, clients, and fellow underwriters enhance career opportunities.

How to Get Started

Surety companies, including IAT, offer formal training programs that equip new underwriters with the skills they need to succeed. At IAT, we pair Surety Underwriter Trainees with mentors to ensure they receive personalized guidance and support as they build their careers.

If you’re interested in a career that combines finance, law, and relationship management, surety underwriting could be your ideal path.

Explore IAT’s current job openings and start your journey in surety today!