Ascot Underwriting Holdings Limited
Vice President, Management Liability - Private & Not for Profit
Ascot Underwriting Holdings Limited, New York, New York, us, 10261
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. 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 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 — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline. Position Overview: Reporting to the Senior Vice President, Management Liability - Head of Private Not for Profit, the
Vice President, Management Liability – Private & Not for Profit
(‘Vice President’) will be responsible for driving profitable growth with the Western region. This position will collaborate with the broader Private & Not for Profit team. The Vice President will be responsible for managing a team of underwriters for the region. We are looking for a candidate who is highly motivated, and results-oriented with solid business and underwriting acumen. Responsibilities: Assist in the buildout of a profitable management liability underwriting platform. Develop and maintain broker and client relationships. Manage underwriting production with integrity, focusing on profitability and across a range of management liability insurance products. Establish and maintain business relationships to develop new opportunities as well as visits insured and brokers/producers to retain existing accounts in support of the producer and territory management plan. Help develop, maintain, and improve upon policy forms, underwriting guidelines, rating plans, and workflows. Manage assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business, and portfolio management goals. Evaluate reinsurance requirements and implement appropriate action. Communicate and collaborate across disciplines to establish and maintain relationships to achieve organizational and policyholder success. Work closely with the Claims team to ensure that the products are performing as designed, that we have a ground-up view of the loss scenarios and take appropriate remediation action as needed. Conduct marketplace research to develop underwriting tools that will assist in improving the portfolio. Effectively recruit, manage, coach, and develop a high performing team. Promote an environment that encourages self-motivation, teamwork, and collaboration. Act as a role model demonstrating belief in, and commitment to, the aspiration values of Ascot continuing to build and lead a value-based organization committed to long-term success. Commit to The Ascot Way: As a member of the Management Liability team, the Vice President, Management Liability – Private & Not for Profit will embody The Ascot Way in his or her daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability. Experience and Skills Required: 10+ years relevant work experience in Management Liability (Private & Not for Profit) 4+ years of management experience Extensive relevant broker relationships Product development experience Bachelor’s Degree or higher (business or finance background is a plus) Willingness to travel (up to 30%) Ability to work independently as well as in a team environment Detail oriented with excellent communication skills, both written and verbal Possess an entrepreneurial spirit and a can-do attitude Contribute to a positive and collaborative team environment Comfortable working in a fast-paced, buildout environment Commitment to underwriting profitably and providing stellar customer service General understanding of, and ability to analyze internal and Audited Financial Statements 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 and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $210,000 - $235,000. 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). #LI-Hybrid
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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 — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline. Position Overview: Reporting to the Senior Vice President, Management Liability - Head of Private Not for Profit, the
Vice President, Management Liability – Private & Not for Profit
(‘Vice President’) will be responsible for driving profitable growth with the Western region. This position will collaborate with the broader Private & Not for Profit team. The Vice President will be responsible for managing a team of underwriters for the region. We are looking for a candidate who is highly motivated, and results-oriented with solid business and underwriting acumen. Responsibilities: Assist in the buildout of a profitable management liability underwriting platform. Develop and maintain broker and client relationships. Manage underwriting production with integrity, focusing on profitability and across a range of management liability insurance products. Establish and maintain business relationships to develop new opportunities as well as visits insured and brokers/producers to retain existing accounts in support of the producer and territory management plan. Help develop, maintain, and improve upon policy forms, underwriting guidelines, rating plans, and workflows. Manage assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business, and portfolio management goals. Evaluate reinsurance requirements and implement appropriate action. Communicate and collaborate across disciplines to establish and maintain relationships to achieve organizational and policyholder success. Work closely with the Claims team to ensure that the products are performing as designed, that we have a ground-up view of the loss scenarios and take appropriate remediation action as needed. Conduct marketplace research to develop underwriting tools that will assist in improving the portfolio. Effectively recruit, manage, coach, and develop a high performing team. Promote an environment that encourages self-motivation, teamwork, and collaboration. Act as a role model demonstrating belief in, and commitment to, the aspiration values of Ascot continuing to build and lead a value-based organization committed to long-term success. Commit to The Ascot Way: As a member of the Management Liability team, the Vice President, Management Liability – Private & Not for Profit will embody The Ascot Way in his or her daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability. Experience and Skills Required: 10+ years relevant work experience in Management Liability (Private & Not for Profit) 4+ years of management experience Extensive relevant broker relationships Product development experience Bachelor’s Degree or higher (business or finance background is a plus) Willingness to travel (up to 30%) Ability to work independently as well as in a team environment Detail oriented with excellent communication skills, both written and verbal Possess an entrepreneurial spirit and a can-do attitude Contribute to a positive and collaborative team environment Comfortable working in a fast-paced, buildout environment Commitment to underwriting profitably and providing stellar customer service General understanding of, and ability to analyze internal and Audited Financial Statements 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 and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $210,000 - $235,000. 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). #LI-Hybrid
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