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, the employees of Ascot are bound by a common mission and purpose: One Ascot. Ascot’s greatest strength is a talented team of professionals 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 people and strategic direction. Underwriting platforms collaborate to find creative ways to deploy capital in a true cross-product and cross-platform approach. These platforms work as one through a 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-claim. Ascot exists to solve for its clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Job Summary

Reporting to the U.S. Chief Underwriting Officer, the Underwriting Governance Leader will have responsibility for managing various components of Ascot’s governance processes, including the oversight of underwriting audits and peer reviews, identifying trends and working with underwriting teams to implement recommended process changes and improvements. This role will support and strengthen the execution of Ascot’s governance processes to help drive underwriting best-practices across the US business.

Responsibilties

• Support the overall strategic direction of Ascot’s governance processes and best practices.
• Support development and implementation of framework for underwriting governance, including referral process, peer reviews, authority levels, and portfolio mix.
• Oversee process of underwriting audits working with external auditing firm(s) and key internal stakeholders, including the development and communication underwriting teams around audit scope and purpose.
• Analyze audit results and form conclusions as to potential issues, business impacts and potential solutions. Provide quality, timely, and detailed report of results along with improvement plans. Work with key stakeholders around execution.
• Manage periodic underwriting guideline reviews taking emerging risks and changes in risk appetite into account.
• Manage quarterly underwriting peer review process, including the identification of trends across underwriting units. Work with CUO on targeted as well as firm-wide messaging on necessary improvement initiatives and identify/implement training opportunities.
• Partner with Exposure Management and Internal Audit team around Model Audit Rule requirements and risk assessment.
• Provide business units with advice and analysis on risk identification, including collaborating with business leaders to ensure/confirm action plans.
• Collaborate with Chief Underwriting Officer around necessary education and training needs and opportunities within business units, including crafting and presenting training materials to address potential knowledge gaps.
• Participate in strategic projects and underwriting initiatives, as needed.
• Commitment to The Ascot Way: As a member of the Chief Underwriting Office, Candidate must demonstrate The Ascot Way in his/her daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.
  
  

Requirements

• Bachelor’s degree is required
• 8+ years of specialty insurance experience required
• Strong attention into the detail of figures, results orientated, delivery focused
• Experienced in building relationships externally and internally and managing key stakeholder relationships.
• Track record of successfully identifying and implementing process improvements
• Ability to positively influence others' actions, decisions, opinions or thinking resulting in positive outcomes
• Strong technical aptitude and attention to detail
• Demonstrated project management experience
• Capability to balance multiple projects
• Self-motivated, result-oriented, independent, and strategic thinker
  
  

***This position may be filled at a different level, depending on experience***

Compensation

Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot’s total compensation package for employees. Other rewards may include annual cash bonus, long-term incentives, and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $170,000 - $190,000.

Company Benefits

The Company provides a competitive benefits package that includes the following (eligibility requirements apply):

Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more

Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver)

Retirement Benefits: Contributory Savings Plan (401k)