Ascot Group
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Senior Underwriter, Commercial Surety
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Ascot Group 1 week ago Be among the first 25 applicants Join to apply for the
Senior Underwriter, Commercial Surety
role at
Ascot Group Job Description
This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations. 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.
Job Summary
The Senior Underwriter, 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
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.
Qualifications
Bachelor’s degree in Finance, Business, Risk Management, or a related field. Minimum of 3-5 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% 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: $115,000 - $145,000.
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)
Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Insurance Referrals increase your chances of interviewing at Ascot Group by 2x Sign in to set job alerts for “Senior Underwriter” roles.
Chicago, IL $101,700.00-$172,900.00 4 days ago Chicago, IL $77,251.20-$95,680.00 1 week ago Greater Chicago Area $80,000.00-$120,000.00 5 months ago Chicago, IL $120,000.00-$140,000.00 2 weeks ago Chicago, IL $70,000.00-$100,000.00 3 hours ago Chicago, IL $60,000.00-$165,100.00 3 days ago Chicago, IL $102,556.00-$222,776.00 2 hours ago Greater Chicago Area $60,000.00-$165,100.00 3 days ago Chicago, IL $60,000.00-$70,000.00 6 days ago Chicago, IL $70,000.00-$75,000.00 3 weeks ago Chicago, IL $85,000.00-$130,000.00 4 weeks ago Chicago, IL $81,600.00-$162,500.00 2 weeks ago Chicago, IL $105,600.00-$179,500.00 5 days ago Brokerage and Underwriter Assistants, Introduce Yourself HERE!
Chicago, IL $58,700.00-$65,000.00 1 month ago Chicago, IL $71,500.00-$104,500.00 1 week ago Greater Chicago Area $24.38-$35.23 1 month ago Chicago, IL $62,200.00-$105,800.00 1 month ago Chicago, IL $70,000.00-$95,000.00 6 hours ago Greater Chicago Area $115,753.00-$180,959.00 1 week ago Chicago, IL $160,000.00-$240,000.00 5 months ago Chicago, IL $90,000.00-$120,000.00 19 hours ago Greater Chicago Area $60,000.00-$165,100.00 1 week ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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Senior Underwriter, Commercial Surety
role at
Ascot Group 1 week ago Be among the first 25 applicants Join to apply for the
Senior Underwriter, Commercial Surety
role at
Ascot Group Job Description
This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations. 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.
Job Summary
The Senior Underwriter, 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
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.
Qualifications
Bachelor’s degree in Finance, Business, Risk Management, or a related field. Minimum of 3-5 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% 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: $115,000 - $145,000.
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)
Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Insurance Referrals increase your chances of interviewing at Ascot Group by 2x Sign in to set job alerts for “Senior Underwriter” roles.
Chicago, IL $101,700.00-$172,900.00 4 days ago Chicago, IL $77,251.20-$95,680.00 1 week ago Greater Chicago Area $80,000.00-$120,000.00 5 months ago Chicago, IL $120,000.00-$140,000.00 2 weeks ago Chicago, IL $70,000.00-$100,000.00 3 hours ago Chicago, IL $60,000.00-$165,100.00 3 days ago Chicago, IL $102,556.00-$222,776.00 2 hours ago Greater Chicago Area $60,000.00-$165,100.00 3 days ago Chicago, IL $60,000.00-$70,000.00 6 days ago Chicago, IL $70,000.00-$75,000.00 3 weeks ago Chicago, IL $85,000.00-$130,000.00 4 weeks ago Chicago, IL $81,600.00-$162,500.00 2 weeks ago Chicago, IL $105,600.00-$179,500.00 5 days ago Brokerage and Underwriter Assistants, Introduce Yourself HERE!
Chicago, IL $58,700.00-$65,000.00 1 month ago Chicago, IL $71,500.00-$104,500.00 1 week ago Greater Chicago Area $24.38-$35.23 1 month ago Chicago, IL $62,200.00-$105,800.00 1 month ago Chicago, IL $70,000.00-$95,000.00 6 hours ago Greater Chicago Area $115,753.00-$180,959.00 1 week ago Chicago, IL $160,000.00-$240,000.00 5 months ago Chicago, IL $90,000.00-$120,000.00 19 hours ago Greater Chicago Area $60,000.00-$165,100.00 1 week ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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