Assistant Vice President, Commercial Surety

Ascot Group

$180K — $215K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, or equivalent
  • 8+ years experience in underwriting and servicing complex commercial surety accounts
  • Proven ability to build and maintain distribution partner relationships
  • Strong communication and organizational skills
  • Ability to work independently and efficiently
  • Demonstrated collaboration and change management skills
  • Strong work ethic and sound business judgment

Responsibilities

  • Contribute to regional underwriting and distribution strategy
  • Approve, decline, and price risks within authority limits
  • Assist in developing and executing segment strategies to meet budget goals
  • Ensure accurate underwriting documentation and standards adherence
  • Build and enhance productive relationships with distribution partners
  • Mentor and support junior team members' development

Benefits

  • Comprehensive health and welfare benefits including medical, dental, and vision coverage
  • Flexible spending accounts for healthcare and dependent care
  • Paid holidays and annual paid time off
  • Short-term and long-term disability coverage
  • Contributory 401(k) retirement savings plan
  • Work/life resources including an Employee Assistance Program
Full Job Description
Job Description

Position Overview:

The Assistant Vice President, Commercial Surety will be responsible for supporting underwriting and marketing strategy in an assigned region. The successful candidate will be responsible for regional production targets, disciplined underwriting, and the development of productive distribution partner relationships

Responsibilities:
  • Responsible for meaningful contribution to production, disciplined regional underwriting, and distribution strategy
  • Within authority limit, approve, decline, and price of risks
  • Assists with the development and execution of segment strategies to contribute to budgeted results
  • Accountable for accurate underwriting information and adherence to documentation standards
  • Develop and leverage productive distribution partner relationships
  • Proactively mentor and assist in the development of junior team members


Requirements:
  • Bachelor's degree in Finance, Accounting, or equivalent
  • A minimum of 8 years of experience underwriting, analyzing, and servicing complex commercial surety accounts
  • Proven track record of establishing and developing distribution partner relationships
  • Excellent communication and organizational skills
  • Ability to work independently and efficiently
  • Consistently embraces and promotes a culture of collaboration and the ability to effectively manage change
  • Demonstrates a strong work ethic, solid business judgment, and a passion for providing outstanding solutions to our business partners
  • Commit to The Ascot Way: Embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.

***This position may be filled at a different level, depending on experience***

Compensation

Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot's total compensation package for employees. Other rewards may include annual cash bonus and other forms of discretionary compensation awarded by the Company.

The annualized base pay range for this role is: $180,000 - $215,000

Company Benefits

The Company provides a competitive benefits package that includes the following (eligibility requirements apply):

Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more

Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver)

Retirement Benefits: Contributory Savings Plan (401k)

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