Claims Counsel, Financial Institutions

Ascot Group•New York, NY

1d•Hybrid

About The Position

Ascot Group is seeking a Claims Counsel, Financial Institutions, to join its Financial Lines Claims team. The role investigates, analyzes, evaluates, and resolves Financial Institutions (FI) claims and related litigation. The successful candidate provides strong customer service, optimizes claim outcomes, advises internal business partners as needed, and participates in Financial Lines claims initiatives. The position may be filled at a different level depending on experience. Ascot values collaboration, inclusion, entrepreneurial thinking, integrity, underwriting excellence, and adaptability. Employees are expected to work confidently with AI-enabled tools, use sound judgment in interpreting insights, and remain curious and willing to adapt as technology evolves. The annualized base pay range is $140,000–$150,000. Actual base pay may vary based on factors such as experience, subject matter expertise, and skills. Additional rewards may include an annual cash bonus and other discretionary compensation. The company offers a competitive benefits package, subject to eligibility requirements.

Requirements

Bachelor’s degree; a J.D. is preferred, or a degree in a related field of study.
At least 3 years of relevant legal or claims-handling experience, ideally handling Financial Institutions claims at an insurance carrier or in private practice.
Ability to work through conflict effectively and resolve issues with a professional demeanor.
Ability to make sound decisions and negotiate terms and conditions within a designated authority limit.
Time-management skills and ability to manage multiple priorities with attention to detail in a fast-paced environment.
Ability to prioritize projects and assignments for multiple internal clients.
Strong verbal and written communication skills, including the ability to clearly articulate coverage determinations.
Ability to build and maintain effective, collaborative relationships with colleagues, customers, and business partners.
Ability to work independently and take initiative.
Strong knowledge of Microsoft Office products and claims system skills.

Nice To Haves

J.D. degree.
Experience handling Financial Institutions claims at an insurance carrier or in private practice.

Responsibilities

Manage a caseload of primary and excess Financial Institutions claims.
Analyze, investigate, and resolve FI claims of varying severity with moderate supervision.
Prepare and present reports covering loss development, potential and actual financial exposure, reserve adjustments, coverage issues, and claim and recovery strategies.
Collaborate with underwriting on significant claim exposures.
Work with internal and external business partners, including retail and wholesale brokers, insureds, and their counsel, to resolve claims.
Analyze claim submissions and draft coverage correspondence; appoint and manage counsel.
Review claim and policy information and maintain comprehensive claims files.
Maintain knowledge of Financial Institutions trends and provide feedback to claims and underwriting teams.
Monitor marketplace conditions, conduct research, and draft reference materials on laws affecting Ascot’s underwriting and claim decisions.
Obtain and maintain required adjusters’ licenses.
Travel to mediations, industry conferences, settlement and claim conferences, trials, and depositions, and assist with Ascot’s marketing efforts.
Embody The Ascot Way in daily interactions by fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.
Perform other duties as assigned.