Underwriting Assistant, Financial Institutions

Ascot Group•New York, NY

1d•Hybrid

About The Position

The Underwriting Assistant, Financial Institutions supports the Financial Institutions underwriting team across the lifecycle of accounts, including new business, renewals, and ongoing servicing. The role partners with underwriters, brokers, and Operations to support efficient workflows while building knowledge of Financial Institutions risks and products. The position may be filled at a different level depending on experience. Ascot describes itself as a specialty risk underwriting organization with a collaborative, inclusive, and entrepreneurial culture. The company uses AI and automation across its operations; employees in this role are expected to work confidently with AI-enabled tools, use sound judgment when interpreting insights, and adapt as technology evolves. The listed base salary range is $80,000–$90,000. Actual pay may vary based on factors including experience, subject matter expertise, and skills. Compensation may also include an annual cash bonus and other discretionary compensation. Benefits eligibility requirements apply.

Requirements

High school diploma required.
Minimum of 5 years of relevant experience.
Familiarity with underwriting processes, including submissions, rating, quoting, binding, and policy issuance.
Strong attention to detail and organizational skills, with the ability to manage multiple priorities.
Strong communication and interpersonal skills with a customer-focused approach.
Ability to work independently while collaborating effectively in a fast-paced team environment.
Proficiency in Microsoft Office and comfort learning new underwriting systems and technology.

Nice To Haves

Some college or a college degree.
Experience within the property and casualty or specialty insurance industry.
Financial Institutions or Financial Lines experience.

Responsibilities

Support underwriting for the Financial Institutions portfolio, including new business, renewals, and account servicing.
Assist with submission preparation, rating, referrals, quoting, binding, policy issuance, and endorsements within assigned authority.
Review submissions and maintain accurate underwriting files, rating information, and account documentation.
Work with underwriters, brokers, reinsurers, and internal teams to obtain required information and resolve outstanding subjectivities.
Coordinate policy issuance instructions, endorsements, forms, notices, certificates, and related documentation.
Complete underwriting workflows accurately and within established service standards.
Develop knowledge of Financial Institutions risks, products, market trends, and broker relationships.
Support additional underwriting projects and process improvements as needed.
Demonstrate collaboration, inclusivity, accountability, and commitment to underwriting excellence in daily interactions.
Work confidently with AI-enabled tools, apply sound judgment when interpreting insights, and adapt as technology evolves.