Assistant Program Manager - Portfolio Solutions

Position Overview

The Assistant Vice President, Program Manager – Portfolio Solutions will support underwriting strategies and the P&L outcomes for the Portfolio Solutions Group (PSG).

Responsibilities

• Identify 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.
• Build a balanced portfolio across various specialty segments.
• Align to all reinsurance, operational, actuarial, risk and claims strategies and protocols.
• Support the established distribution plan.
• Identify target relationships and work to cultivate these in pursuit of growth objectives.
• Participate in the due diligence process for new programs in coordination 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.
• 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.
• 3-5 years of Property underwriting experience 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 an annual cash bonus and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $170,000 - $190,000.

Company Benefits

• 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).