Assistant Vice President, Surety

About the role

Sompo has a unique opportunity for an Assistant Vice President - Underwriter on our Contract Surety team. The position will be based remote in Minnesota, with willingness to travel to market assigned territory that includes overnight trips.

Responsibilities

• Review submissions and financial requirements to assess risk acceptability in line with underwriting guidelines and standards.
• Evaluate applicants’ financial stability, creditworthiness, capacity, and related financial information to determine bond obligation risk and overall credit quality.
• Apply pricing components, rating methodologies, predictive modeling tools, and underwriting disciplines to price risk appropriately and minimize exposure.
• Prepare and analyze underwriting decisions, rate appeals, requirements, status updates, and declinations to support results across the assigned territory.
• Manage the assigned portfolio to achieve goals for premium, profitability, retention, product mix, new business, and overall portfolio performance.
• Build and manage producer and client relationships by prioritizing resources, developing distributor plans, strengthening pipeline opportunities, and driving profitable growth.

Requirements

• Bachelor’s degree and AFSB designation preferred.
• Minimum 7+ years of Surety underwriting experience required.
• Advanced expertise in Surety underwriting, including techniques, regulations, guidelines, coverages, and underwriting tools.
• Strong financial, credit analysis, and business development skills, with the ability to grow a profitable book, identify customer needs, and close deals.

Qualifications

• Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

Skills

• Competitive, high-quality compensation and benefit programs to eligible employees.
• Comprehensive U.S. benefit programs including medical, dental, vision, health care, dependent care flexible spending accounts, life insurance, disability, retirement savings plan, paid time off, parental leave, tuition reimbursement, and professional qualification benefits.

Benefits

• Summary of benefits provided by Sompo, including medical, dental, vision, health care, dependent care flexible spending accounts, life insurance, disability, retirement savings plan, paid time off, parental leave, tuition reimbursement, and professional qualification benefits.

Pay

Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

Schedule

The position will be based remote in Minnesota, with willingness to travel to market assigned territory that includes overnight trips.