Assistant Vice President, Surety
Sompo · Illinois, United States · 1 wk ago
RemoteRemoteOTHRFull-time
What you’ll be doing:
- 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.
What You’ll Bring
- 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.
Benefits
- Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
- Pharmacy benefits with mail order options
- Dental benefits including orthodontia benefits for adults and children
- Vision benefits
- Health Care & Dependent Care Flexible Spending Accounts
- Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
- Company-paid Disability benefits with very competitive salary continuation payments
- 401(k) Retirement Savings Plan with competitive employer contributions
- Competitive paid-time-off programs, including company-paid holidays
- Competitive Parental Leave Benefits & Adoption Assistance program
- Employee Assistance Program
- Tax-Free Commuter Benefit
- Tuition Reimbursement & Professional Qualification benefits
Location: This position will be based remote in Minnesota, with willingness to travel to market assigned territory that includes overnight trips.