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. Our greatest strength is a talented team flourishing 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 Client Centric, Risk Centric and Technology Centric strategies

Built to be resilient, Ascot offers clients leading financial security while delivering bespoke products and world-class service — pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Reporting to the Chief Underwriting Officer, U.S., the Head of Credit Exposure, U.S. will plan, direct, coordinate, and oversee credit review and approval processes in the U.S. Insurance underwriting division, ensuring the development and implementation of effective policies, guidelines, and procedures for credit-sensitive products and management of counter-party credit risk.

• Working with the Ascot U.S. CEO, CUO, Risk organization, Loss Control, Finance, and UW leaders to establish credit review and approval guidelines in support of Ascot US growth and profitability goals
• Recruit, interview, hire, and train required staff
• As a senior leader in the organization, understand, demonstrate, and encourage The Ascot Way in all interactions with team members, peers, and Ascot customers

• Advises and enables the strategic vision and business goals of credit-sensitive business units, as we expand Ascot’s capabilities and appetite into new areas 
• Collaborates with other executive leadership team members to develop and execute a credit review and approval business plan and recommended credit policies while supplying expertise and guidance on commercial credit-related matters
• Drafts and implements underwriting standards and tools for various credit-exposed lines of business, including Primary Casualty, Group Captives, Surety, Trade Credit, and others. 
• Identifies, recommends, and implements new policies, procedures, and systems to help various businesses effectively monitor account and portfolio credit risk over time 
• Monitors and maintains oversight of Ascot’s underlying credit risk portfolio 
• Ensures departmental compliance with laws, regulations, standards, and best practices including completion and maintenance of documentation and records.
• Maintains knowledge and advises executive team on emerging risks, technologies, and trends in commercial credit
• Performs other duties as assigned

• Excellent verbal and written communication skills 
• Excellent interpersonal and customer service skills
• Ability to organize and analyze financial information and to accurately perform complex financial calculations
• Thorough and detailed understanding of commercial credit analysis
• Excellent organizational skills and attention to detail
• Strong analytical and problem-solving skills
• Strong supervisory and leadership skills
• Proficient with Microsoft Office Suite or related software

• Bachelor’s degree in Business or related field required; advanced work at the master’s level is preferred
• Chartered Financial Analyst (CFA) or other certification preferred 
• Ten to fifteen years of commercial credit risk analysis / commercial banking management experience required

***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 employee compensation package. Other rewards may include annual cash bonuses, long-term incentives, and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is $220,000 - $260,000.

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)