Assistant Vice President, Commercial Surety

Job Description

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world-class service — both pre-and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Position Overview

The Assistant Vice President, Commercial Surety is responsible for evaluating and underwriting complex commercial surety bond applications. This role involves assessing risk, determining appropriate bond terms and conditions, and ensuring compliance with company guidelines and regulatory requirements. The successful candidate will work closely with brokers, clients, and internal teams to develop tailored solutions and drive business growth in the commercial surety sector.

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
  
  

Qualifications

• Bachelor’s degree in Finance, Accounting, or equivalent
• 5-10 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
• 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 an annual cash bonus, and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $145,000 - $190,000.

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)