Underwriting Assistant, Environmental
Ascot Group
Chicago, IL, USA
Posted on Oct 10, 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 are 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 Environmental unit is seeking a motivated Underwriting Assistant to work with our diverse suite of “PRIME” Environmental products and experienced underwriters. The Underwriting Assistant will be responsible for supporting the underwriting team and operations with all steps of the underwriting process. The successful candidate will handle the life cycle of an account, including new business, renewals, and servicing of business.
Responsibilities
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 bonuses, and other forms of discretionary compensation awarded by the Company. The Compensation range for the NY Metro area only is $70,000 - $80,000
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)
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 are 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 Environmental unit is seeking a motivated Underwriting Assistant to work with our diverse suite of “PRIME” Environmental products and experienced underwriters. The Underwriting Assistant will be responsible for supporting the underwriting team and operations with all steps of the underwriting process. 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 and Brokers to communicate account status, collect underwriting information, and complete outstanding subjectivities.
- Participate in Monthly Renewal Meetings and provide service to underwriters on any specific account-based needs
- Assist with new and renewal business life cycle work such as submission preparation, rating, referral prep, quoting, and binding.
- In-depth renewal preparation
- 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
- Collect claims information including loss runs, first incident reports, and other pertinent details for underwriters
- Support underwriting management by aggregating production, efficiency, sales, and client data
- Bachelor's degree requirement or equivalent years of experience
- A minimum of 5 years of experience in an underwriting support role or comparable experience
- Experience with casualty and/or environmental products required
- Experience with UW system required, IMS preferred (quote, bind, etc.)
- Knowledge of the insurance industry
- A willingness to learn and a “can do” attitude
- 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 Excel.
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 bonuses, and other forms of discretionary compensation awarded by the Company. The Compensation range for the NY Metro area only is $70,000 - $80,000
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)