Senior Underwriter, Commercial Surety - Portfolio Management
Ascot Group, New York, New York, us, 10261
Overview
Ascot Group is a world’s preeminent specialty risk underwriting organization. The company operates through an ecosystem of interconnected global platforms and emphasizes a collaborative, inclusive, and entrepreneurial culture focused on underwriting excellence, integrity, and finding a better way, The Ascot Way.
The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to deploy capital creatively through a cross-product and cross-platform approach, using the Fusion Model: Client Centric, Risk Centric, Technology Centric. Ascot aims to maximize client financial security while delivering bespoke products and world-class service, pre- and post-claims.
Position Overview Reporting to the Vice President, Portfolio Management - Commercial Surety, the Senior Underwriter, Surety – Portfolio Management will assess and manage risk for accounts within Ascot’s surety portfolio. The role is primarily a home office underwriter focused on evaluating account creditworthiness, preparing annual underwriting summaries, and supporting systems and data-driven projects. The candidate will support the Surety Underwriting team by underwriting and servicing existing accounts and working on portfolio management projects to proactively monitor Ascot’s Surety portfolio.
This internal underwriting role offers challenge and opportunity with very limited travel, suitable for someone who thrives in a stable, office-based or remote environment.
Responsibilities
Utilize business acumen to gather and review information on financial conditions, risk exposure, loss history, and economic trends, providing recommendations on annual account renewals.
Analyze financial statements and other relevant documentation to assess an applicant's financial strength and stability.
Collaborate with a team on data-driven portfolio management projects, applying underwriting guidelines and company policies to decisions on bond approvals, modifications, or rejections when needed.
Contribute to process improvements and underwriting policy enhancements to streamline operations and mitigate risk.
Stay updated on industry trends, regulations, and market conditions to inform underwriting decisions and strategies.
Participate in training and professional development activities to enhance underwriting skills and knowledge.
Maintain accountability for accurate underwriting and documentation in the account management system, ensuring adherence to documentation standards.
Contribute to fostering collaboration, inclusivity, and accountability within the Surety team in daily interactions.
Requirements
Bachelor’s degree in finance, business administration, or a related field.
At least 2-3 years of experience in surety underwriting or a similar role.
Strong analytical skills with the ability to interpret financial statements and assess risk.
Excellent communication skills, both written and verbal, for effective interaction with stakeholders.
Proficiency in using surety applications and MS Office applications.
Knowledge of underwriting principles, industry regulations, and market trends.
Detail-oriented mindset with the ability to make sound decisions under pressure and work independently.
Professional certifications such as AFSB or CPCU may be preferred but not always required.
Ability to travel, under 10% for conferences and team meetings.
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 one component of Ascot’s total compensation package, which may also include annual bonuses and other discretionary rewards.
The annualized base pay range for this role is: $110,000 - $140,000.
Company Benefits The company provides a competitive benefits package that includes health and welfare benefits, retirement benefits, and leave benefits. Eligibility requirements apply.
Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Life Insurance, and more.
Leave Benefits: Paid holidays, annual Paid Time Off, and other leave options (e.g., Bereavement, FMLA, Adoption, Maternity, Military).
Retirement Benefits: Contributory Savings Plan (401k).
Please note that Ascot Group’s job opportunities are posted on our official careers page. All official communication comes from @ascotgroup.com email addresses. If you suspect a recruitment communication is fraudulent, verify its legitimacy with Ascot Group. We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are important to us.
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The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to deploy capital creatively through a cross-product and cross-platform approach, using the Fusion Model: Client Centric, Risk Centric, Technology Centric. Ascot aims to maximize client financial security while delivering bespoke products and world-class service, pre- and post-claims.
Position Overview Reporting to the Vice President, Portfolio Management - Commercial Surety, the Senior Underwriter, Surety – Portfolio Management will assess and manage risk for accounts within Ascot’s surety portfolio. The role is primarily a home office underwriter focused on evaluating account creditworthiness, preparing annual underwriting summaries, and supporting systems and data-driven projects. The candidate will support the Surety Underwriting team by underwriting and servicing existing accounts and working on portfolio management projects to proactively monitor Ascot’s Surety portfolio.
This internal underwriting role offers challenge and opportunity with very limited travel, suitable for someone who thrives in a stable, office-based or remote environment.
Responsibilities
Utilize business acumen to gather and review information on financial conditions, risk exposure, loss history, and economic trends, providing recommendations on annual account renewals.
Analyze financial statements and other relevant documentation to assess an applicant's financial strength and stability.
Collaborate with a team on data-driven portfolio management projects, applying underwriting guidelines and company policies to decisions on bond approvals, modifications, or rejections when needed.
Contribute to process improvements and underwriting policy enhancements to streamline operations and mitigate risk.
Stay updated on industry trends, regulations, and market conditions to inform underwriting decisions and strategies.
Participate in training and professional development activities to enhance underwriting skills and knowledge.
Maintain accountability for accurate underwriting and documentation in the account management system, ensuring adherence to documentation standards.
Contribute to fostering collaboration, inclusivity, and accountability within the Surety team in daily interactions.
Requirements
Bachelor’s degree in finance, business administration, or a related field.
At least 2-3 years of experience in surety underwriting or a similar role.
Strong analytical skills with the ability to interpret financial statements and assess risk.
Excellent communication skills, both written and verbal, for effective interaction with stakeholders.
Proficiency in using surety applications and MS Office applications.
Knowledge of underwriting principles, industry regulations, and market trends.
Detail-oriented mindset with the ability to make sound decisions under pressure and work independently.
Professional certifications such as AFSB or CPCU may be preferred but not always required.
Ability to travel, under 10% for conferences and team meetings.
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 one component of Ascot’s total compensation package, which may also include annual bonuses and other discretionary rewards.
The annualized base pay range for this role is: $110,000 - $140,000.
Company Benefits The company provides a competitive benefits package that includes health and welfare benefits, retirement benefits, and leave benefits. Eligibility requirements apply.
Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Life Insurance, and more.
Leave Benefits: Paid holidays, annual Paid Time Off, and other leave options (e.g., Bereavement, FMLA, Adoption, Maternity, Military).
Retirement Benefits: Contributory Savings Plan (401k).
Please note that Ascot Group’s job opportunities are posted on our official careers page. All official communication comes from @ascotgroup.com email addresses. If you suspect a recruitment communication is fraudulent, verify its legitimacy with Ascot Group. We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are important to us.
#J-18808-Ljbffr