Senior Underwriter, Property Facultative Reinsurance

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 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 looking for a detail-oriented and analytical underwriter to join our Property Facultative Reinsurance Team. In this role, you will collaborate with senior management and a skilled team of underwriters and support staff, contributing to the growth of the US Property Facultative Reinsurance division. You will work within the Property Automatics segment, ensuring the profitability of the North American Property Facultative book of business while supporting ongoing business development. Strong organizational skills and a focus on accuracy are key to success in this position.In this role, you will report to the Vice President, Property Facultative Reinsurance.

Responsibilities

• Manage the profitability, growth, and retention of an assigned US-based Property Facultative Reinsurance book of business .
• Understand Ascot’s risk appetite and underwrite property reinsurance accordingly and within designated underwriting authority.
• Liaise with internal teams, such as aggregate management, claims, compliance, and legal.
• Participate on external underwriting audits for Ascot clients.
• Develop and maintain relationships with key brokers within the insurance market.
• Represent Ascot at appropriate market groups and committees.
• Maintain knowledge of general market conditions.
• Work closely with Assistants and accept overall responsibility for account administration such as bordereau review, reporting deadlines, premium reconciliation.
• Foster and maintain external relationships with brokers to market and sell Ascot’s products.
• Perform other duties as assigned.
  
  

Requirements

• Bachelor’s degree or equivalent experience.
• Minimum of 6 years of property insurance underwriting experience or a minimum of 3 years of property reinsurance underwriting experience
• Knowledge of Property Facultative insurance products, insurance regulations and the insurance industry.
• 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
• ARe, CPCU, ARM or other relevant professional designations preferred, but not required.
• 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, and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $120,000 - $140,000

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)

Please be aware that Ascot Group’s job opportunities will be posted on our official careers page. All official communication comes from @ascotgroup.com email addresses, if you receive a job offer or recruitment communication from Ascot Group that you suspect might be fraudulent, do not hesitate to contact us directly to verify its legitimacy. We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are of utmost importance to us, and we strive to ensure that you have a positive experience with Ascot Group.