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Underwriting Careers at Industry Leaders

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Senior Underwriter, Management Liability - Public Company

Ascot Group

Ascot Group

Marketing & Communications
New York, NY, USA
Posted on Tuesday, November 14, 2023
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.

Responsibilities

  • Assist in the buildout of a profitable management liability underwriting platform
  • Develop and maintain broker and client relationships throughout the United States
  • Manage underwriting production with integrity, focusing on profitability and across a range of management liability insurance products
  • Help develop, maintain, and improve upon policy forms, underwriting guidelines, rating plans, and workflows
  • Use internally generated, and third-party data to improve the productivity of the group, and our customer service
  • Work closely with the Claims team to ensure that the products are performing as designed, that we have a ground-up view of the loss scenarios, and take appropriate remediation action as needed
  • Work with the regulatory affairs team as we develop policy and endorsement wording to ensure their filing and admittance in the U.S.
  • Conduct marketplace research to develop underwriting tools that will assist in improving the portfolio

Experience And Skills Required

  • 3+ years relevant work experience in Management Liability (D&O, Employment Practices and Fiduciary Liability)
  • Product development experience
  • Bachelor’s Degree or higher (business or finance background is a plus)
  • Willingness to travel (up to 30%).
  • Ability to work independently as well as in a team environment
  • Detail oriented with excellent communication skills, both written and verbal
  • Possess an entrepreneurial spirit and a can-do attitude
  • Contribute to a positive and collaborative team environment
  • Comfortable working in a fast-paced, buildout environment
  • Commitment to underwriting profitably and providing stellar customer service
  • General understanding of, and ability to analyze internal and Audited Financial Statements
  • 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: $120,000 - $135,000.

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)