Underwriting Assistant, Facultative Reinsurance

Ascot Group • Chicago, IL

5d • $70,000 - $80,000 • Hybrid

About The Position

Th is 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 our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline. Job Summary : The Underwriting Assistant will work independently within the Reinsurance Operations team to process daily work for the Casualty Facultative business unit. The candidate must be reliable and able to work independently with minimal supervision in a fast-paced team-centric environment. This role will be in the office with a hybrid work schedule.

Requirements

• A minimum of 5 years of experience in the insurance industry, Facultative insurance experience is preferred.
• Knowledge of insurance company operations and general casualty reinsurance experience a plus.
• High School degree required, Bachelor’s degree preferred.
• Must be positive, self-motivated, and possess strong interpersonal and communication skills.
• Highly customer-centric both internally and externally.
• Strong problem solving and decision-making abilities.
• Must possess strong collaborative skills with the ability to work in a fast-paced team-centric environment.
• Proficient in Microsoft Office products.

Nice To Haves

• Knowledge of insurance company operations and general casualty reinsurance experience a plus.
• Bachelor’s degree preferred.

Responsibilities

• Process Casualty Facultative bind orders.
• Review the bind request and accurately input the information into the system within the SLA time-period. This includes:
• Ensuring all required information is accurately entered in the system.
• Communicating with the underwriter/broker to get any additional information needed to complete the process.
• Following up with the broker for any additional post bind documentation needed.
• Answering compliance queries within the allotted SLA time.
• Work closely with the Team Lead to review and process Master Certificates. This includes comparing binding details to the Master Certificate and collaborating with the underwriter to get the document signed within two-weeks of receipt.
• Co-manage the Cede policy process with a team member.
• Follow-up for cede policies on your assigned accounts.
• Work with the broker contact to ensure the cede policy is received and processed within a reasonable time.
• Once received review the cede policy and update the system information if needed.
• Process submissions per guidelines and publish accounts when team resources are low.
• Assist with various projects as requested.
• Commitment to The Ascot Way: Embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.

Benefits

• 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)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED