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Underwriting Careers at Industry Leaders

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Underwriting Assistant, Excess Casualty

Ascot Group

Ascot Group

Sales & Business Development
Stamford, CT, USA
Posted on Saturday, June 29, 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 flourishes 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.

Job Summary

Ascot’s Excess Casualty business unit is seeking a motivated Underwriting Assistant to work in growing a diverse suite of Excess Casualty Products. The Underwriting Assistant will be responsible for supporting and managing workflows between Underwriting and Operations. The successful candidate will handle the life cycle of an account, including new business, renewals, and servicing of business.

Responsibilities

  • Support all steps of the underwriting process in conjunction with the underwriting operations function
  • Liaise with Underwriters, Brokers, and Reinsurers as needed to communicate account status and complete outstanding subjectivities.
  • Liaise with Underwriters to confirm policy issuance instructions for policies, endorsements, forms, notices, certificates, etc., and effectively complete coding/issuance.
  • Assist with new and renewal business life cycle work such as submission preparation, rating, referral prep, quoting, and binding all the way through to policy issuance and endorsements within assigned authority.
  • Work with internal operations partners to ensure that service standards are being met.
  • Ensuring all parts of the Underwriting workflow are completed both accurately and on time
  • Assist underwriters in processing new business submissions and rating sheets
  • Assist with other projects supporting the Underwriting team as required.
  • Assists with onboarding of new hires and/or acts as a mentor for Underwriting Assistant colleagues.

Requirements

  • High School diploma, some college is preferred.
  • 1-3 years experience in a related field, P&C industry experience, experience with Excess Casualty Lines experience
  • Must be positive, self-motivated, and possess strong interpersonal and communication skills.
  • Highly customer-centric both internally and externally.
  • Strong problem-solving and decision-making abilities.
  • Ability to work independently with minimal supervision.
  • Strong collaborative skills in a fast-paced team-centric environment
  • Proficient in Microsoft Office
  • Must be able to work a Hybrid working model.

***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 an 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: $75,000 to $85,000.

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)