Assistant Vice President, Professional Liability

3 weeks ago

Iselin, United States ASCOT GROUP Full time

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

**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.
- 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 _**

**_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_

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