Assistant Vice President, Casualty Claims

Position Overview

The Assistant Vice President, Casualty Claims will work confidently alongside AI-enabled tools, apply sound judgment when interpreting insights, and adapt as technology continues to evolve. They will present to internal business partners and external clients regarding severity and trends of Casualty claims. Travel to attend mediations, industry conferences, settlement & claim conferences, trials, depositions, and assist with Ascot's marketing efforts.

Responsibilities

• End-to-end management and direct handling of primary and excess casualty liability claims according to policy coverage and state requirements.
• Identify, evaluate, and analyze coverage issues and prepare comprehensive coverage letters for claims handled directly by Ascot.
• Work closely with outside counsel to ensure cost-effective and appropriate litigation management strategies are in place that will lead to the best overall outcome.
• Maintain proactive oversight and/or supervision of all retained outside vendors and their associated billing practices and invoices.
• Proactively negotiate settlement of claims within designated authority level.
• Present to internal business partners and external clients regarding severity and trends of Casualty claims.
• Perform other duties as assigned.

Requirements

• Minimum of 10 years of Casualty Claims experience.
• Experience working with high exposure claims and complex towers of insurance coverage.
• Ability to work in a fast-paced environment.
• Demonstrated ability to work on a team, interact with others, meet deadlines, and successfully perform in a changing work environment.
• Proficiency in Microsoft Office suite applications (Outlook, Word, Excel, and PowerPoint).
• Excellent interpersonal communication and negotiation skills.
• Demonstrated ability to evaluate high exposure/complex claim exposure.
• Strong collaboration and partnership skills.
• Strong influencing skills.
• Multiple adjusters' licenses or willing to obtain licenses where needed.
• Juris Doctorate Degree preferred, but not required.
• Availability for occasional travel.

Commitment to The Ascot Way

As a member of the claims team, embody The Ascot Way in your daily interaction with colleagues, fostering colleague engagement and development, collaboration, inclusivity, and individual accountability.

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: $170,000 - $180,000.

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).