Job DescriptionPosition Overview:Ascot is 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. Focus of this role will involve underwriting review on the account level as well as portfolio optimization across the book., 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.
Responsibilities:- Manage the profitability, growth, and retention of an assigned US-based Property Facultative Reinsurance book of business through execution of property automatics underwriting and adherence to the strategic plan of the unit
- 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 in external underwriting audits for Ascot clients.
- Cultivate and maintain relationships with Reinsurance peers, leaders, and internal partners across functional areas to identify cross-selling opportunities.
- 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.
- Embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.
- Perform other duties as assigned.
Requirements:- Bachelor's degree or equivalent experience.
- Minimum of 5 years of underwriting experience in the insurance industry focused Property Facultative (Re)insurance underwriting experience strongly preferred.
- 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: $125,000 - $145,000
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)
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