Assistant Vice President, Commercial Surety Specialist
2 weeks ago
The Ascot Group is seeking a highly skilled Assistant Vice President, Commercial Surety to join our team. As a key member of our commercial surety division, you will be responsible for evaluating and underwriting complex commercial surety bond applications.
Key Responsibilities- Evaluate and analyze bond applications, including financial statements, credit reports, and other relevant information.
- Assess risk profiles and determine the appropriate level of surety capacity, terms, and pricing.
- Develop and maintain a thorough understanding of industry trends, market conditions, and competitor offerings.
- Collaborate with internal teams, including risk management, legal, and claims departments, to address underwriting issues and ensure cohesive risk management strategies.
- Identify and pursue new business opportunities within the commercial surety market.
- Participate in industry events, conferences, and networking opportunities to promote the company's surety products and services.
- Build and maintain strong relationships with brokers, clients, and other stakeholders.
- Provide expert guidance and support to brokers and clients on surety bond requirements and solutions.
- Negotiate and finalize bond terms and conditions with clients and brokers.
- Ensure all underwriting decisions comply with company policies, industry regulations, and legal requirements.
- Review and approve bond documents, including bond forms and agreements.
- Maintain accurate and up-to-date records of underwriting decisions and transactions.
- Education: Bachelor's degree in Finance, Business, Risk Management, or a related field.
- Minimum of 6+ years of experience in commercial surety underwriting.
- Proven experience in assessing large and intricate bond applications.
- Strong analytical and decision-making skills with a keen eye for detail.
- Excellent communication and interpersonal skills, with the ability to build and maintain professional relationships.
- Proficiency in underwriting software and Microsoft Office Suite (Word, Excel, PowerPoint).
- In-depth knowledge of surety bond products, market dynamics, and regulatory requirements.
- Highly organized with the ability to manage multiple priorities and meet deadlines.
- Proactive and results-oriented with a strategic mindset.
- Ability to work independently and as part of a team.
- Professional certifications (e.g., CPCU, AFSB) are preferred.
- Ability to travel - 15%.
The Ascot Group provides a competitive benefits package that includes health and welfare benefits, leave benefits, and retirement benefits. Eligibility requirements apply.
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