Assistant Vice President, U.S. Marine - Cargo

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 that flourishes 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.

The Assistant Vice President, U.S. Marine - Cargo will be responsible for driving profitable growth with retail and wholesale brokers. This position will collaborate with the broader Ocean Marine team.  We are looking for a candidate who is highly motivated, and results-oriented with solid business and underwriting acumen.

• Responsible for underwriting Marine Cargo within the appetite developed by our team.
• Independently works to appropriately select risks, evaluate, and recommend program structure, services, and pricing to achieve a balanced portfolio and long-term profitability
• Establishes and maintains business relationships to develop new opportunities as well as visits insured and brokers/ producers to retain existing accounts in support of the producer and territory management plan
• Independently reviews engineering information to assess risk quality and compliance within company guidelines and initiates appropriate loss prevention actions
• Adheres to CAT guidelines and underwriting discipline to minimize exposure and appropriately price
• Manages assigned portfolio to achieve a gross written premium, profitability, rate, retention, product mix, new business, and portfolio management goals
• Evaluate reinsurance requirements and implement appropriate action
• Communicates and collaborates across disciplines to establish and maintain relationships to achieve organizational and policyholder success
• Shares underwriting expertise with underwriters at all levels

Minimum Requirements

• Bachelor’s degree or equivalent experience. 
• Minimum of 6 years of underwriting experience in the P&C insurance industry, 6 years of experience underwriting Cargo is strongly preferred.
• 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. 
• ASLI, CPCU, ARM, or other relevant professional designation is preferred, but not required.
• Ability to travel 10-15%. 

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 an annual cash bonus and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $150,000 - $180,000.

 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)
 

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