Subcontractor Default Underwriting Lead

The role

The Subcontractor Default Underwriting Lead will build and shape the new SDI product expansion. This person will define underwriting strategy, establish guidelines, and manage the SDI portfolio to drive profitable growth.

What you will do

• Define and build Shepherd’s SDI strategy
• Establish underwriting guidelines, authority framework, referral rules, and rating approach
• Work with capacity partners to secure and structure the paper
• Partner with Product, Engineering, and Data to design workflows and tools
• Underwrite new and renewal SDI programs
• Set up procedures for monitoring in-force programs
• Own premium, profit, loss-ratio, and retention results
• Use broker relationships to drive submission flow and market the product
• Hire, coach, and grow a team of SDI underwriters
• Track construction market trends

Required qualifications

• 8+ years of underwriting experience
• Significant direct experience underwriting Subcontractor Default Insurance at an established SDI carrier or program
• Deep knowledge of general contractors and construction managers
• Proven record of building and growing an SDI portfolio profitably
• Strong financial analysis skills
• Deep understanding of how general contractors prequalify, select, and manage subcontractors
• Technical command of SDI program structure
• Sound judgment on policy wording, cost coverage, and default scenarios
• Established broker relationships at the regional and national level
• People leadership experience leading, mentoring, or managing underwriters
• Executive presence to present strategy and results
• Bachelor's degree or equivalent experience

Nice to have

• Contract surety underwriters with meaningful SDI exposure
• Background in construction accounting, finance, or law

Benefits

• 100% contribution to top-tier health, dental, and vision
• Fertility Benefits & Family Building Support
• Unlimited PTO
• Daily Lunches, Dinners & Snacks
• Professional Development including premium coaching
• Competitive 401(k) Plan
• Dog-Friendly Office

About the company

Shepherd builds the insurance behind the physical world using software, data, AI, and deep underwriting expertise. They develop insurance products and partner with established insurers to back coverage.