Underwriter, Workers Compensation

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. 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 Client Centric, Risk Centric and Technology Centric strategies

Built to be resilient, Ascot offers clients leading 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 is embedding artificial intelligence (AI) and automation across the organisation to enhance decision‑making, efficiency, and quality of outcomes. In this role, you will be expected to work confidently alongside AI‑enabled tools, apply sound judgment when interpreting insights, and adapt as technology continues to evolve. We value curiosity, critical thinking, and a willingness to embrace change as part of how we work.

Position Overview:

Ascot’s Workers Compensation business unit is seeking a motivated Underwriter to support the profitable growth and management of a Workers Compensation portfolio through disciplined risk selection, underwriting analysis, and strong agency partnerships. The Underwriter will be responsible for evaluating new and renewal business submissions, assessing risk quality, determining appropriate pricing and coverage terms, and managing an assigned book of business in accordance with underwriting guidelines and authority levels. This role will be in office position with a hybrid work schedule.

Responsibilities:

Underwriting & Risk Assessment

• Evaluate new and renewal Workers Compensation submissions and determine acceptability within established underwriting guidelines.

• Analyze exposure information, payroll classifications, experience modifications, loss runs, financial statements, and operational details.

• Assess account-specific hazards, safety programs, return-to-work programs, and employer risk management practices.

• Review OSHA history, claim frequency and severity trends, and other risk indicators impacting underwriting decisions.

• Determine appropriate pricing, coverage terms, conditions, and endorsements.

• Exercise underwriting authority to quote, bind, modify, decline, or refer accounts as required.

Portfolio Management

• Manage an assigned book of business to achieve growth, retention, rate, and profitability objectives.

• Monitor portfolio performance, loss ratio trends, concentration risks, and industry exposures.

• Identify opportunities for remediation, rate adequacy improvements, and profitable growth.

• Participate in renewal strategy development for key accounts.

Agency & Broker Relationships

• Develop and maintain productive relationships with agency and broker partners.

• Conduct agency visits, virtual meetings, and marketing activities to drive submission flow and business development.

• Communicate underwriting appetite, guidelines, and product capabilities effectively.

• Provide responsive service and underwriting support to distribution partners.

Collaboration & Culture

• Partner with Claims, Risk Engineering, Actuarial, Operations, and Product Management teams to support underwriting objectives.

• Participate in account reviews, referral discussions, and portfolio management meetings.

• Support underwriting initiatives, process improvements, and digital transformation efforts.

• Commit to The Ascot Way: Embody The Ascot Way in their daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.

Compliance & Documentation

• Maintain complete underwriting files and documentation supporting decisions.

• Ensure compliance with underwriting guidelines, regulatory requirements, and corporate policies.

• Maintain underwriting authority standards and referral protocols.

Requirements:

• A minimum of 2 years of relevant workers’ compensation underwriting experience. 

• Bachelor's degree or equivalent years of experience required.

• Strong collaborative skills and ability to thrive in a fast-paced, entrepreneurial environment.

• Strong organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously.

• Commitment to provide superior service to customers and clients.

• 10 – 15 % travel in designated region, typically day travel with limited overnight trips.

• Must be positive, self-motivated, and possess strong interpersonal and communication skills. 

• Highly customer-centric both internally and externally.

• Proficient in Microsoft Office applications 

**This role can be filled at a different level, depending on experience.**

Compensation

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. 

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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