Underwriting Specialist, Cyber & Professional Liability

Ascot Group • New York, NY

15h • Hybrid

About The Position

This 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 for our clients’ brightest tomorrow, through agility,
collaboration, resilience, and discipline.

Ascot’s Cyber and Professional Liability unit is seeking a motivated
Underwriting Specialist to assist in growing a diverse suite of cyber driven
products. Underwriting Specialist will be responsible for the profitability,
growth and retention of an assigned book of business, within an assigned
territory.  Primary responsibilities will include underwriting new and renewal
business, building and maintaining strong relationships with internal and
external stakeholders.  You will work in a team environment, demonstrate a
strong customer focus that will expand Ascot’s brand and specifically the
AscotPro Cyber and Professional Liability appetite and strategy.  You will need
strong decision-making skills, be detailed oriented, and able to build & sustain
relationships that deliver results.

Requirements

• Bachelor’s degree or equivalent experience.
• A minimum of 7 years of underwriting experience in the financial lines insurance industry, with experience in Cyber and Professional Liability strongly preferred.
• Deep knowledge of insurance, the applicable 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.
• Must be positive, self-motivated, and possess strong interpersonal, communication and presentation skills.
• Possess strong technical, analytical, and quantitative skills.
• Excellent oral and written communication skills, ability to successfully negotiate in difficult situations with agents and brokers.
• Solution oriented team player with a strong relationship management skill set working with both internal and external stakeholders and customers.
• Proficient in Microsoft Office.
• Ability to travel 10-15%.

Nice To Haves

• RPLU, CPCU or other relevant professional designation preferred, but not required.

Responsibilities

• Manage the profitability, growth, and retention of an assigned Cyber and E&O book of business through execution of individual risk underwriting and adherence to the strategic plan of the unit.
• Underwrite and negotiate complex customer accounts to minimize risk and maximize profitability.
• Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.
• Work independently within delegated underwriting authority and make referrals as required.
• Cultivate and maintain relationships with financial lines peers, leaders and internal partners across functional areas to identify cross-selling opportunities, assist in product development and operational excellence.
• Foster and maintain external relationships with brokers to market and sell Ascot’s products.
• Perform other duties as assigned.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees