Ascot Group
Assistant Vice President, Casualty Claims
Ascot Group, New York, NY, United States
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're 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.
JOB SUMMARY:
The Assistant Vice President - Casualty Claims will have direct experience in handling general liability and excess claims arising from contractors, manufacturing and distribution, hospitality, auto, trucking, and premises-related general liability claims, as well as working with external Third-Party Administrators (TPAs) handling Ascot Claims.
RESPONSIBILITIES:
***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, long-term incentives, and other forms of discretionary compensation awarded by the Company.
The annualized base pay range for this role is: In New York is: $130,000 - $150,000.
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
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: 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.
JOB SUMMARY:
The Assistant Vice President - Casualty Claims will have direct experience in handling general liability and excess claims arising from contractors, manufacturing and distribution, hospitality, auto, trucking, and premises-related general liability claims, as well as working with external Third-Party Administrators (TPAs) handling Ascot Claims.
RESPONSIBILITIES:
- Responsible for end-to-end management and direct handling of primary and excess casualty liability claims according to policy coverage and state requirements.
- Identify, evaluate, and analyze coverage issues and prepare comprehensive coverage letters for claims handled directly or by Ascot TPAs.
- Work closely with outside counsel to ensure cost-effective and appropriate litigation management strategies are in place that will lead to the best overall outcome.
- Maintain proactive oversight and/or supervision of all retained outside vendors and their associated billing practices and invoices
- Proactively negotiate settlement of claims within designated authority level.
- Presentations to internal business partners and external clients regarding severity and trends of Casualty claims.
- Will participate in and attend mediations, arbitrations, trials, and other claim meetings, as needed.
- Bachelor's Degree required or equivalent work experience.
- Minimum of 7 years Casualty Claims experience handling both GL and excess claims.
- Experience working with Third Party Administrators.
- Strong collaborative skills and ability to thrive in a fast-paced, entrepreneurial environment.
- Strong critical thinking and negotiation skills, with the ability to influence others when needed.
- 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.
- Solution oriented team player with a strong relationship management skill set working with both internal and external stakeholders and customers.
- Proficient in Microsoft Office, intermediate in Excel and other data analysis tools.
- High exposure/complex claim exposure evaluation skills
- High degree negotiation skills.
- Must have multiple adjusters' licenses or willing to obtain licenses where needed.
- Juris Doctorate Degree preferred, but not required
- Ability to travel as needed.
- Other duties as assigned.
***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, long-term incentives, and other forms of discretionary compensation awarded by the Company.
The annualized base pay range for this role is: In New York is: $130,000 - $150,000.
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