{"id":2854677,"url":"https://alion.io/job/shepherd-subcontractor-default-underwriting-lead","title":"Subcontractor Default Underwriting Lead","company":{"id":6727,"name":"Shepherd","domain":"shepherdinsurance.com","url":"https://alion.io/company/shepherd","size_band":"51-200","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Ashby","truth_index":{"grade":"B","score":81,"open_postings":22,"ghost_share":0.227,"stale_share":0,"repost_share":0,"time_to_fill_p50_days":132,"computed_at":"2026-10-21T05:46:15Z"}},"role":"Finance","role_family":"Finance","seniority":"lead","employment_type":"contractor","work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["San Francisco, United States","New York, United States","Los Angeles, United States","Chicago, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":200000,"max":240000,"currency":"USD","period":"year","gross":null,"usd_annual":240000},"salary_estimate":null,"experience_years_min":8,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[],"status":"live","first_seen_at":"2026-10-19T12:56:14Z","employer_posted_date":"2026-10-19","last_verified_at":"2026-10-21T06:02:10Z","board_verified":true,"closed_at":null,"days_open":1,"trust":{"level":"ok","repost_count":0,"flags":[],"days_open":1},"description":"What We Do\nCommercial insurance still runs on processes built decades ago. Underwriting is slow, and pricing leans on broad averages instead of the specifics of each risk. Technology can change how commercial risk is priced and managed, as long as it's paired with real underwriting expertise. The companies that get this right will shape the next era of the industry, and Shepherd intends to lead it.\nShepherd is a Managing General Underwriter (MGU) building the fastest and smartest AI-native commercial risk platform in the industry, where underwriters, data, and automation work together. The result is faster decisions for our broker partners and pricing that reflects the actual risk.\nWe started where the gap is widest: construction and energy, two of the most complex and highest-hazard segments in commercial insurance. Today we write Primary and Excess Casualty, Builder’s Risk, and Workers' Compensation distributed through a nationwide network of retail brokers. Our mission is to make risk frictionless for the builders and operators shaping the physical world, from concept through construction and into decades of operation.\nOur Investors\nShepherd has raised over $67M, including a $42M Series B led by Intact Private Capital. Intact also partners with Shepherd to provide capacity across its insurance products. Shepherd is also backed by leading institutional investors, including Costanoa Ventures, Spark Capital, Susa Ventures, and Y Combinator.\nOur Team\nWe're a team of technologists and insurance enthusiasts, bridging the two worlds together. Check out our About page to learn more.\nWhat We Do\nCommercial insurance still runs on processes built decades ago. Underwriting is slow, and pricing leans on broad averages instead of the specifics of each risk. Technology can change how commercial risk is priced and managed, as long as it's paired with real underwriting expertise. The companies that get this right will shape the next era of the industry, and Shepherd intends to lead it.\nShepherd is a Managing General Underwriter (MGU) building the fastest and smartest AI-native commercial risk platform in the industry, where underwriters, data, and automation work together. The result is faster decisions for our broker partners and pricing that reflects the actual risk.\nWe started where the gap is widest: construction and energy, two of the most complex and highest-hazard segments in commercial insurance. Today we write Primary and Excess Casualty, Builder’s Risk, and Workers' Compensation distributed through a nationwide network of retail brokers. Our mission is to make risk frictionless for the builders and operators shaping the physical world, from concept through construction and into decades of operation.\nOur Investors\nShepherd has raised over $67M, including a $42M Series B led by Intact Private Capital. Intact also partners with Shepherd to provide capacity across its insurance products. Shepherd is also backed by leading institutional investors, including Costanoa Ventures, Spark Capital, Susa Ventures, and Y Combinator.\nOur Team\nWe're a team of technologists and insurance enthusiasts, bridging the two worlds together. Check out our About page to learn more.\nSubcontractor Default Underwriting Lead\nShepherd is launching a Subcontractor Default Insurance (SDI) product in support of its existing Construction vertical. The Subcontractor Default Underwriting Lead will play a lead role in building and shaping the new SDI product expansion, and define how we best evaluate subcontractor prequalification controls and subcontractor management practices. This is an opportunity to help define the underwriting strategy, go-to-market, and drive long-term profitable growth for the core pillars of Shepherd’s business. We're looking for someone with 8+ years of SDI underwriting experience, a proven track record of leadership, deep broker relationships, and an entrepreneurial mindset who is excited to build something new with modern technology and a forward-thinking team.\nAbout You\nYou are a builder who wants to shape the future of commercial insurance and do the best work of your career. You have deep subcontractor default insurance expertise, a loyal broker network, and the drive to turn a blank page into a profitable book.\nYou'd be a great fit if you have:\n8+ years of underwriting experience, with significant direct experience underwriting Subcontractor Default Insurance at an established SDI carrier or program. Contract surety underwriters with meaningful SDI exposure will also be considered.\n\nDeep knowledge of general contractors and construction managers across the construction industry.\n\nA proven record of building and growing an SDI portfolio profitably: originating new business, quoting, binding, and scaling premium while managing to loss-ratio and combined-ratio targets.\n\nStrong financial analysis skills, including reviewing contractor financial statements, work-in-progress (WIP) schedules, backlog, working capital, and bank lines, and judging a contractor's capacity to perform.\n\nDeep understanding of how general contractors prequalify, select, and manage subcontractors, and the ability to evaluate the strength of a contractor's prequalification, monitoring, and default-management practices.\n\nTechnical command of SDI program structure, including enrollment, per-loss deductibles, co-pays, per-loss and aggregate limits, project and annual programs, and how SDI compares to subcontractor bonds.\n\nSound judgment on policy wording, direct and indirect cost coverage, and default, cure, and completion scenarios, working closely with claims on complex losses.\n\nEstablished broker relationships at the regional and national level that can drive submission flow from day one.\n\nPeople leadership experience leading, mentoring, or managing underwriters, including setting authority and running underwriting audits.\n\nExecutive presence to present strategy and results to leadership, capacity partners, and reinsurers.\n\nComfort with ambiguity: you make sound decisions with incomplete information and adapt quickly as the business evolves.\n\nWillingness to travel about 25% to meet brokers, partners, and the team.\n\nA bachelor's degree or equivalent experience. A background in construction accounting, finance, or law is a plus.\n\nAbout the Role\nShepherd's underwriting approach is client-centric with a heavy emphasis on an efficient process. Our goal is to leverage our technology and data to make quick, informed underwriting decisions tailored to our clients' specific needs.\nIn this role, you will:\nDefine and build Shepherd’s SDI strategy,including target contractor profiles, construction sectors, program sizes, limits and retentions, geographies, appetite, and growth and loss-ratio targets.\n\nHelp establish the underwriting guidelines, authority framework, referral rules, and rating approach for the product.\n\nWork with capacity partners to secure and structure the paper behind the program, and keep those partners informed on results.\n\nPartner with Product, Engineering, and Data to design the submission-to-bind workflow, contractor financial and prequalification analysis tools, and portfolio views.\n\nUnderwrite new and renewal SDI programs within your authority, including financial review, prequalification audits, and meetings with contractor leadership.\n\nSet up procedures for monitoring in-force programs for changes in contractor financial health, backlog, and subcontractor enrollment, and take action when the risk changes.\n\nOwn premium, profit, loss-ratio, and retention results for the book.\n\nUse your broker relationships to drive submission flow in the first year, and actively market Shepherd's SDI product at broker and client meetings, industry events, and through targeted business development.\n\nHire, coach, and grow a team of SDI underwriters as the book scales.\n\nTrack construction market trends, including labor, materials, and subcontractor financial stress, to keep Shepherd profitable and competitive.\n\nWork with Risk Engineering, Actuarial, Corporate Underwriting, Claims, Customer Experience and Finance so the business is underwritten, serviced, and reported well.\n\nThis is a position based in our New York City, San Francisco, Chicago, Los Angeles, or Dallas-Fort Worth offices.\nCompensation\nThe base salary range for this role is $200,000 - $240,000, plus an annual performance bonus and equity in Shepherd. Offers within the range depend on experience and the relationships and market following you bring.\nHow We Work\nShepherd runs on four values. Here's what each one means in this seat.\nThink big, build big. We exist to protect progress and the industries that rely on it. You're building an SDI vertical meant to scale nationally, so the guidelines, products, and tools get designed for where the book is going, not just where it starts.\n\nWin together. We rise as one. We support each other, raise the bar, and celebrate collective success. As the first underwriter in this vertical, you set the standard every SDI underwriter after you inherits.\n\nCross the aisle. Collaboration wins. We listen deeply, work across boundaries, and prioritize shared success over individual lanes. The best underwriting tools here come from underwriters who sit with engineers and data scientists, and much of this job is making that partnership work.\n\nGo get it. We act with urgency, move with confidence, take smart risks, and push forward with intention. Nobody hands you the appetite, the broker list, or the first submission. You build the plan, make the calls, and bind the first deal.\n\nBenefits\nPremium Healthcare\n100% contribution to top-tier health, dental, and vision\nFertility Benefits & Family Building Support\nUnlimited PTO\nFlexibility to take the time off, recharge, and perform\nDaily Lunches, Dinners & Snacks\nWe work together, and enjoy meals together too\nSF, NYC, Dallas-Fort Worth, Chicago & LA Offices\nProfessional Development\nAccess to premium coaching, including leadership development\nCompetitive 401(k) Plan\nDog-Friendly Office\nPlenty of dogs to play with and make friends with in the SF office\nHow we work\nShepherd runs on four values. Here's what each one means in this seat.\nThink big, build big. We exist to protect progress and the industries that rely on it. The work here is aimed at a system that runs on its own, and the roadmap gets sequenced backward from that rather than forward from what's easy.\n\nWin together. We rise as one. We support each other, raise the bar, and celebrate collective success. As the first PM you set a standard the rest of the team inherits, and the milestones belong to the team rather than to product.\n\nCross the aisle. Collaboration wins. We listen deeply, work across boundaries, and prioritize shared success over individual lanes. The best product calls here come from engineers who've sat with underwriters and underwriters who understand where the model breaks, and much of this job is listening closely enough on both sides to make that happen.\n\nGo get it. We act with urgency, move with confidence, take smart risks, and push forward with intention. Nobody hands you the roadmap, the data, or the meeting invite. You pull the failing runs, book the time with the underwriters, and decide what matters.\n\nBenefits\nPremium Healthcare\n100% contribution to top-tier health, dental, and vision\nFertility benefits and family building support\nUnlimited PTO\nFlexibility to take the time off, recharge, and perform\nDaily lunches, dinners, and snacks\nWe work together, and enjoy meals together too\nSF, NYC, Dallas-Fort Worth, Chicago and LA Offices\nProfessional Development\nAccess to premium coaching, including leadership development\nCompetitive 401(k) Plan\nDog-friendly office\nPlenty of dogs to play with and make friends with in the SF office","description_format":"text","description_chars":11808,"description_truncated":false,"requirements":{"experience_years_min":8,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":null,"security_clearance":false,"languages":[]},"benefits":["Equity","Professional development","Unlimited PTO"],"hiring_locations":[],"hiring_excludes":[],"relocation_offered":false,"industries":["Property & Casualty Insurance","InsurTech"],"lifecycle":[{"event":"open","at":"2026-10-19T14:24:02Z"}],"visa":[],"liveness":{"score":86,"band":"hot","label":"Hiring now","p_open":1,"p_active":0.86,"p_room":1,"age_days":1,"expected_fill_days":132,"reasons":["conf:3","win:early"],"computed_at":"2026-10-21T05:46:15Z"},"pay":{"stated_usd_annual":240000,"is_top_pay":true},"html_url":"https://alion.io/job/shepherd-subcontractor-default-underwriting-lead","json_url":"https://alion.io/job/shepherd-subcontractor-default-underwriting-lead.json","meta":{"generated_at":"2026-10-21T07:09:08Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":10123,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-10-22T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":6727},"rest":"https://alion.io/mcp/rest/get_company?id=6727"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Fshepherd-subcontractor-default-underwriting-lead"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"live","price":{"credits":1,"usd":0.1},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Fshepherd-subcontractor-default-underwriting-lead"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Fshepherd-subcontractor-default-underwriting-lead"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/shepherd-subcontractor-default-underwriting-lead\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Fshepherd-subcontractor-default-underwriting-lead"}]}