Senior Underwriter, Commercial Surety - Portfolio Management

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.

Reporting to the Vice President, Portfolio Management – Commercial Surety, the Senior Underwriter, Surety – Portfolio Management will play a crucial role in assessing and managing the risk of accounts that make up Ascot’s surety portfolio. Operating primarily as a home office underwriter, the role involves evaluating account creditworthiness, preparing annual underwriting summaries and assisting with systems and data‑driven projects.

The successful candidate will support the Surety Underwriting team by underwriting and servicing existing accounts and working on assigned portfolio management projects that are focused on proactively monitoring Ascot’s Surety portfolio. This entails a dynamic interaction where your expertise contributes to the ongoing management and optimization of our business endeavors. This exciting internal underwriting role offers the perfect blend of challenge and opportunity, with very limited travel required, making it ideal for someone who thrives in a stable, office‑based or remote environment.

• Gather and review information on financial conditions, risk exposure, loss history, and economic trends to provide recommendations on annual account renewals.
• Analyze financial statements and other relevant documentation to assess applicant’s financial strength and stability.
• Work closely with a team of colleagues and the VP, Portfolio Management on data‑driven portfolio management projects.
• Apply underwriting guidelines and company policies to decide on bond approvals, modifications, or rejections when needed.
• Contribute to process improvements and underwriting policy enhancements to streamline operations and mitigate risk.
• Stay updated on industry trends, regulations, and market conditions to inform underwriting decisions and strategies.
• Participate in training and professional development activities to enhance underwriting skills and knowledge.
• Maintain accountability for accurate underwriting documentation in the account management system, ensuring adherence to documentation standards.
• Commit to The Ascot Way: embody The Ascot Way in daily interactions, fostering colleague engagement, collaboration, inclusivity, and individual accountability.

• Bachelor’s degree in finance, business administration, or a related field.
• At least 2–3 years of experience in surety underwriting or a similar role.
• Strong analytical skills with the ability to interpret financial statements and assess risk.
• Excellent communication skills, both written and verbal.
• Proficiency in using surety applications and MS Office.
• Knowledge of underwriting principles, industry regulations, and market trends.
• Detail‑oriented mindset with the ability to make sound decisions under pressure and work independently.
• Professional certifications such as Associate in Fidelity and Surety Bonding (AFSB) or Chartered Property Casualty Underwriter (CPCU) are preferred but not required.
• Ability to travel less than 10% for conferences and team meetings.

This position may be filled at a different level,…