Assistant Vice President, Professional Liability Claims

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.

JOB SUMMARY:

 We are looking for an Assistant Vice President to join our Financial Lines- Professional Liability Claims Team (Lawyers, MPL and Real Estate).  The Assistant Vice President focuses on investigating, analyzing, and evaluating claims and conducting reserving analysis.     The ideal candidate should be a creative problem-solver with a skill for navigating systems and an eye for detail and accuracy. 

RESPONSIBILITIES

• Handle a full case load of Professional Liability Claims including Lawyers, Real Estate Agents and Miscellaneous Professionals.  Duties include reviewing and evaluating loss notices and claims-related documents, and entering claims information into policy administration software platform.
• Communicate with multiple parties in the distribution chain, including retail and wholesale brokers, underwriters, insureds (and their counsel) and senior claim management.  
• Analyze claim submissions and draft coverage correspondence, appoint and manage defense counsel, circulate internal reports, establish reserves and negotiate and resolve claims. 
• Review claim and policy information and maintain comprehensive claims files. 
• Compile ad hoc claims reports. 

MINIMUM REQUIREMENTS:

• Bachelor's Degree, J.D. preferred. 
• 5-7 years’ of relevant experience, including the handling of Professional Liability insurance claims.
• The ideal candidate must be willing to work in a fast-paced environment and be able to effectively prioritize projects and assignments for multiple internal clients.
• Ascot is looking to hire a self-starter who can work independently in a team-oriented and collaborative environment. Must have the initiative and desire to contribute to multiple projects, some of which may fall outside the scope of a similar role at a larger company.
• Strong computer and claims system skills.
• Excellent written, verbal communication and negotiation skills.
• Focused eye for detail and accuracy and ability to review and understand complex contracts and insurance agreements.
• Strong organizational and time management skills.
• Desire to work as part of a team in a collaborative environment.
• Hybrid work environment.

***This position may be filled at a different level, depending on experience***

 Compensation

Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot’s total compensation package for employees. Other rewards may include annual cash bonus, long-term incentives, and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $140,000 - $170,000.

Company Benefits

The Company provides a competitive benefits package that includes the following (eligibility requirements apply):

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)

#LI-Hybrid