Assistant Vice President, Commercial Surety

Ascot Group; Chicago (IL); On-site; USD 180,000 - 215,000; Full time

Benefits offered by this job

Health insurance

401k retirement plan

Paid Time Off

Job summary

A leading insurance provider is seeking an Assistant Vice President for Commercial Surety in Chicago to enhance underwriting and marketing efforts. This role requires a bachelor's degree and at least 8 years of relevant experience, focusing on production targets and partner relationships. The position offers a competitive salary range of $180,000 to $215,000 and a comprehensive benefits package that includes health, retirement savings, and generous leave policies.

Qualifications

• 8+ years of experience underwriting complex commercial surety accounts.
• Proven ability to develop distribution partner relationships.
• Ability to manage change effectively.

Responsibilities

• Contribute to regional production and disciplined underwriting.
• Approve, decline, and price risks within authority limits.
• Mentor junior team members and develop relationships with partners.

Skills

Excellent communication

Organizational skills

Collaboration

Independent work

Strong work ethic

Education

Bachelor’s degree in Finance or Accounting

Job description

Job Description

Ascot Surety & Casualty Company is a US Treasury-listed surety carrier. Ascot benefits from a Financial Strength Rating of A issued by A.M. Best.

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)