Assistant Vice President, U.S. Marine - Hull & Liabilities

Position Overview

The Assistant Vice President, Hull and Liabilities will drive profitable growth with retail and wholesale brokers, collaborating with the broader Ocean Marine team.

Responsibilities

• Underwrite Marine Hull and Liabilities within the appetite developed by the team.
• Independently select risks, evaluate, and recommend program structure, services, and pricing to achieve a balanced portfolio and long-term profitability.
• Establish and maintain business relationships to develop new opportunities and visit insured and brokers/ producers to retain existing accounts in support of the producer and territory management plan.
• Review engineering information to assess risk quality and compliance within company guidelines and initiate appropriate loss prevention actions.
• Adhere to CAT guidelines and underwriting discipline to minimize exposure and appropriately price the assigned portfolio.
• Manage assigned portfolio to achieve gross written premium, profitability, rate, retention, product mix, new business, and portfolio management goals.
• Evaluate reinsurance requirements and implement appropriate action.
• Communicate and collaborate across disciplines to establish and maintain relationships to achieve organizational and policyholder success.
• Share underwriting expertise with underwriters at all levels.

Requirements

• Bachelor’s degree or equivalent experience.
• Minimum of 8 years of underwriting experience in the P&C insurance industry, Hull and Liability underwriting strongly preferred.
• Deep knowledge of Marine insurance products, insurance regulations, and the insurance industry.
• Strong collaborative skills and ability to thrive in a fast-paced, entrepreneurial environment.
• Strong critical thinking skills.
• Excellent organizational, desk management, and prioritization skills with the ability to work independently and as part of a team.
• Possess strong technical, analytical, and quantitative skills.
• Excellent oral and written communication skills, ability to successfully negotiate in difficult situations with agents and brokers.
• Solution oriented team player with a strong relationship management skill set working with both internal and external stakeholders and customers.
• Proficient in Microsoft Office.
• Ability to travel 10-20%.

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.

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).