Assistant Vice President, Program Manager – Portfolio Solutions

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 are 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 is embedding artificial intelligence (AI) and automation across the organization 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:

The AssistantVice President, Program Manager – Portfolio Solutions will support underwriting strategies and the P&L outcomes for the Portfolio Solutions Group (PSG). This underwriting division of Ascot U.S. focuses on establishing relationships with Program Managers and other aggregators and offers a variety of solutions to these customers including risk assumption, fronting and other related services.

Responsibilities:

Underwriting Strategy

• Support PSG by identifying target specialty classes of business that complement our various direct underwriting operations and align with the desired mix of businesses between short, medium, and long tail business. 

• Building a balanced portfolio across various specialty segments.

• Align to all reinsurance, operational, actuarial, risk and claims strategies and protocols.

Distribution Management

• Support the established distribution plan.

• Support the identification of target relationships and work to cultivate these in pursuit of growth objectives.

Program Management

• Participate in the due diligence process for new programs in co-ordination with Project Manager. 

• Support the establishment of client service standards at the inception of each portfolio opportunity.

• Negotiate and maintain all Program Management Agreements per Ascot standards.

• Conduct regular audits as per the agreed schedule with portfolio partners.

• Manage assigned referrals outside of delegated authorities. Such management may include collaboration with key underwriting personnel residing in other Ascot divisions.

• With the support of various Ascot teams, conduct regular portfolio analysis, peer review and measurement of key performance indicators as established at program inception.

• Summarize findings and implement underwriting strategies to maintain profit objectives.

• Establish and maintain a robust, efficient, and modern operating platform.

• Engage with Legal, IT, Claims, and other support services to ensure a robust operating platform in the due diligence, onboarding, and oversight phases. 

• 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.

Requirements:

• Strong underwriting and portfolio management skills. 

• 7 plus years of experience in program/underwriting management. 

• Experience with Property insurance required. 

• Excellent communication, organizational and time-management skills.

• A self-starter, who is comfortable working independently and “rolling up their sleeves” and working collaboratively as a team.

• Strong analytic skills across core finance, actuarial concepts along with strong data skills.

• Ability to travel on business as needed.

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 and other forms of discretionary compensation awarded by the Company. 

The annualized base pay range for this role is: $180,000 - $200,000.

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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