Underwriting Assistant, Financial Institutions
About The Position
The Underwriting Assistant, Financial Institutions supports the Financial Institutions underwriting team across the full lifecycle of an account, including new business, renewals, and ongoing servicing. The role partners closely with Underwriters, brokers, and Operations to support efficient underwriting workflows while building knowledge of Financial Institutions risks and products. Ascot is embedding AI and automation across the organization. The person in this role is expected to work confidently with AI-enabled tools, use sound judgment when interpreting insights, and adapt as technology evolves. The position may be filled at a different level depending on experience.
Requirements
- High school diploma required; some college or a college degree preferred.
- At least 5 years of relevant experience, preferably in the P&C or specialty insurance industry.
- 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 and collaborate effectively in a fast-paced team environment.
- Proficiency in Microsoft Office and comfort learning new underwriting systems and technology.
Nice To Haves
- Financial Institutions or Financial Lines experience.
- Some college or a college degree.
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.
Benefits
- Annual cash bonus and other forms of discretionary compensation may be offered.
- Medical insurance, including prescription coverage.
- Dental insurance.
- Vision insurance.
- Health Savings Account.
- Commuter Account.
- Health Care and Dependent Care Flexible Spending Accounts.
- Life insurance and AD&D.
- Work/Life Resources, including an Employee Assistance Program.
- Paid holidays and annual Paid Time Off, including paid state/local leave where required.
- Short-term and long-term disability.
- Other leaves, including bereavement, FMLA, adoption, maternity, military, and primary and non-primary caregiver leave.
- Contributory 401(k) savings plan.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
