Senior Underwriter, Commercial Surety

Ascot Group; Chicago (IL); On-site; USD 120,000 - 145,000; Full time

Benefits offered by this job

Health insurance

Paid time off

401(k) retirement plan

Job summary

A leading surety and casualty insurance provider is looking for a Senior Underwriter in Chicago. This role supports underwriting and marketing strategy with responsibilities that include disciplined underwriting, production targets, and partner relationship development. Candidates should have a Bachelor's degree in Finance or Accounting and at least 3 years of underwriting experience. Compensation ranges from $120,000 to $145,000, along with a comprehensive benefits package including health insurance and a 401(k).

Qualifications

• Minimum of 3 years of experience underwriting complex commercial surety accounts.
• Proven track record of establishing distribution partner relationships.
• Ability to work independently and efficiently.

Responsibilities

• Contribute to production and regional underwriting strategy.
• Approve, decline, and price risks within authority limit.
• Develop distribution partner relationships.

Skills

Underwriting

Communication

Organizational skills

Relationship building

Business judgment

Education

Bachelor’s degree in Finance, Accounting, or equivalent

Job description

This Senior Underwriter, Commercial Surety will support underwriting and marketing strategy in an assigned region, responsible for production targets, disciplined underwriting, and developing distribution partner relationships.

Position Overview

Ascot Surety & Casualty Company is a US Treasury-listed surety carrier with an A.M. Best financial strength rating of A.

Responsibilities

• Responsible for meaningful contribution to production, disciplined regional underwriting, and distribution strategy
• Within authority limit, approve, decline, and price of risks
• Assist with 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

Requirements

• Bachelor’s degree in Finance, Accounting, or equivalent
• Minimum of 3 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 effectively manages change
• Strong work ethic, solid business judgment, and passion for providing outstanding solutions to business partners
• Commit to The Ascot Way: embody the Ascot Way in daily interactions with colleagues, fostering engagement, development, collaboration, inclusivity, and accountability.
• Position may be filled at a different level depending on experience

Compensation

Actual base pay may vary and can be above or below the listed range. Base pay is one component of the total compensation package, which may include annual cash bonus and other discretionary compensation. Annualized base pay range: $120,000 - $145,000.

Company Benefits

• Health and welfare: medical (including prescription coverage), dental, vision, health savings account, commuter account, flexible spending accounts (health care and dependent care), life insurance, AD&D, work/life resources, employee assistance program, and more
• Leave benefits: paid holidays, paid time off, short‑term disability, long‑term disability, bereavement, FMLA, adoption, maternity, military, primary & non‑primary caregiver leaves
• Retirement benefits: contributory savings plan (401(k))