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Underwriting Careers at Industry Leaders

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Assistant Vice President, Underwriter - Workers Compensation

Ascot Group

Ascot Group

Marketing & Communications
Los Angeles, CA, USA
Posted on Thursday, June 20, 2024
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.

Position Overview

We are seeking an Assistant Vice President, Workers Compensation to join the Workers Compensation Underwriting team. The Assistant Vice President, Workers Compensation will oversee both underwriting and marketing initiatives, be a highly collaborative underwriter with an entrepreneurial spirt. You will be the main point of contact for retail brokers seeking Workers Compensation solutions, build and sustain broker relationships through active producer management within the overall strategic distribution framework, while maintain a profitable book of business.

Responsibilities

  • Grow and maintain profitable book of business through execution of individual risk underwriting and adherence to the strategic plan of the unit.
  • Work independently within delegated underwriting authority and make referrals as required.
  • Expand portfolio of business by developing or expanding relationships with new and existing brokers.
  • Provide superior service to brokers and clients and create visibility through consistent engagement with trading partners.
  • Stay current on competition, underwriting environment, and market conditions and share that knowledge with colleagues and leadership.
  • Keep alert to industry changes, including NCCI and other independent bureau rulings, forms and coverage changes.
  • Delivers superior customer service through collaborative relationships.

Requirements

  • Bachelor’s degree or equivalent experience.
  • Minimum of 6 years of underwriting experience in the P&C insurance industry, 4 years of experience underwriting workers compensation strongly preferred.
  • Deep knowledge of workers compensation and insurance regulations.
  • In-depth technical knowledge of casualty insurance coverage and pricing across a variety of classes.
  • Strong collaborative skills and ability to thrive in a fast-paced, entrepreneurial environment.
  • Strong critical thinking skills.
  • Excellent organizational, desk management and prioritization skills with the ability to work independently and as part of a team.
  • Must be positive, self-motivated, and possess strong interpersonal, communication and presentation skills.
  • Possess strong technical, analytical, and quantitative skills.
  • Excellent oral and written communication skills, ability to successfully negotiate in difficult situations with agents and brokers.
  • Solution oriented team player with a strong relationship management skill set working with both internal and external stakeholders and customers.
  • Proficient in Microsoft Office.
  • AU, CPCU, CIC or other relevant professional designations preferred, but not required.
  • Ability to travel 10-15%.

***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: $130,000 - $150,000.

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)