Underwriting Specialist, Professional Liability

Position Overview

The Professional Liability/E&O team at Ascot Group is seeking an Underwriting Specialist to assist in growing a diverse suite of Professional Liability products, focusing on Miscellaneous and Real Estate Professional Liability. The successful candidate will manage the profitability, growth, and retention of an assigned book of business, work independently within delegated underwriting authority, and foster relationships with internal and external stakeholders.

Responsibilities

• Manage the profitability, growth, and retention of an assigned Professional Liability/E&O book of business through execution of individual risk underwriting and adherence to the strategic plan of the unit.
• Underwrite and negotiate complex customer accounts to minimize risk and maximize profitability.
• Monitor premiums, costs, and claims ratios per contract and take corrective measures if necessary to ensure long-term profitability at account level.
• Work independently within delegated underwriting authority and make referrals as required.
• Cultivate and maintain relationships with financial lines peers, leaders, and internal partners across functional areas to identify cross-selling opportunities, assist in product development, and operational excellence.
• Foster and maintain external relationships with brokers to market and sell Ascot's products.
• 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

• Bachelor’s degree or equivalent experience.
• Minimum of 7 years of underwriting experience in the financial lines insurance industry, with experience in Miscellaneous and Real Estate Professional Liability strongly preferred.
• Deep knowledge of insurance, the applicable 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.
• RPLU, CPCU, or other relevant professional designation preferred, but not required.
• Ability to travel 10-15%.

Qualifications

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

Skills

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

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).