Senior Underwriter, Property Facultative Reinsurance - Automatics

Ascot Group•New York, NY

2d•$125,000 - $145,000•Hybrid

About The Position

Ascot Group is seeking a detail-oriented, analytical underwriter to join its Property Facultative Reinsurance Team and contribute to growth of the US Property Facultative Reinsurance division. The role focuses on account-level underwriting review and portfolio optimization to support profitability of the North American Property Facultative book and ongoing business development. The underwriter will work with senior management, underwriters, and support staff, and execute property automatics underwriting within the unit’s strategic plan and designated authority. The position calls for confident use of AI-enabled tools, sound judgment in interpreting insights, and adaptability as technology evolves. Travel is 10–15%. The role may be filled at a different level depending on experience. The annualized base pay range is $125,000–$145,000, with potential annual cash bonus and other discretionary compensation. The role is hybrid.

Requirements

Bachelor’s degree or equivalent experience.
Minimum of 5 years of underwriting experience in the insurance industry.
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.
Positive, self-motivated approach, with strong interpersonal, communication, and presentation skills.
Strong technical, analytical, and quantitative skills.
Excellent oral and written communication skills and ability to negotiate successfully in difficult situations with agents and brokers.
Solution-oriented team player with strong relationship-management skills when working with internal and external stakeholders and customers.
Proficiency in Microsoft Office.
Willingness to travel 10–15%.

Nice To Haves

Property Facultative (Re)insurance underwriting experience is strongly preferred.
ARe, CPCU, ARM, or another relevant professional designation.

Responsibilities

Manage profitability, growth, and retention of an assigned US-based Property Facultative Reinsurance book by executing property automatics underwriting and following the unit’s strategic plan.
Underwrite property reinsurance in line with Ascot’s risk appetite and designated underwriting authority.
Liaise with internal teams, including aggregate management, claims, compliance, and legal.
Participate in external underwriting audits for Ascot clients.
Build and maintain relationships with reinsurance peers, leaders, and internal partners to identify cross-selling opportunities.
Represent Ascot at appropriate market groups and committees.
Maintain knowledge of general market conditions.
Work with assistants and take overall responsibility for account administration, including bordereau review, reporting deadlines, and premium reconciliation.
Develop and maintain broker relationships to market and sell Ascot’s products.
Embody The Ascot Way by fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.
Perform other duties as assigned.

Benefits

Medical insurance, including prescription coverage
Dental insurance
Vision insurance
Health Savings Account
Commuter Account
Health Care and Dependent Care Flexible Spending Accounts
Life insurance
AD&D coverage
Work/Life Resources, including Employee Assistance Program
Paid holidays
Annual Paid Time Off, including paid state/local leave where required
Short-term disability
Long-term disability
Other leave, including bereavement, FMLA, adoption, maternity, military, and primary and non-primary caregiver leave
Contributory 401(k) Savings Plan
Annual cash bonus and other forms of discretionary compensation may be offered.