Sr. Underwriter or Assistant Vice President, Commercial Surety

Job title: Sr. Underwriter or Assistant Vice President, Commercial Surety

About the Role Sompo seeks a Sr. Underwriter or Assistant Vice President for Commercial Surety to lead underwriting, pricing, and portfolio management across key markets. This role can be based in Scottsdale, AZ; Los Angeles, CA; or Denver, CO, and focuses on risk acceptability, financial analysis, and relationship management to drive profitable growth.

What You'll Do

• Review submissions and financial requirements to determine acceptability of risk in accordance with guidelines and standards.
• Analyze the financial stability, creditworthiness, and experience (capacity) of applicants to determine likelihood of fulfilling bond obligations.
• Analyze financial statements, credit reports, and other financial information for new and existing accounts to assess credit quality.
• Understand pricing components and rating methodology; use predictive modeling tools to price risk based on financial and competitive analysis.
• Apply underwriting tools and guidelines to ensure compliance; prepare or analyze materials on adverse decisions, rate appeals, and declinations to drive results.
• Manage assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, and new business goals; develop producer relationships to build pipeline.
• Develop distributor-specific plans, monitor performance, and adjust plans to maintain a robust pipeline for future growth. Drive effective relationship management and client activities to secure commitments.

What We're Looking For

• Bachelor’s degree preferred; AFSB preferred.
• Minimum 5+ years of Surety underwriting experience for Sr. Underwriter; 7-10+ years for AVP.
• Advanced knowledge of Surety underwriting, techniques, and guidelines; strong financial acumen and credit analysis.
• Expert knowledge of underwriting processes, coverages, and tools to evaluate information for renewals and new business.
• Demonstrated ability to build and grow a profitable book of business and pipeline; ability to uncover customer needs and close deals.

Nice to Have

• AFSB preferred (already noted).

Compensation & Benefits

• Salary Range: $125,000 - $200,000 USD per year.
• Pay-for-performance culture with incentive opportunities.
• Comprehensive U.S. benefits: two medical plans (PPO and HSA), dental, vision, life & AD&D, disability, 401(k) with employer contributions, PTO, holidays, parental leave, adoption assistance, EAP, commuter benefits, tuition reimbursement, and professional qualification support.