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’re 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.
Job Purpose:
To provide centralised support for the underwriting teams.
Detailed Duties:
- CAPITA / PRO
Assisting with the management of our outsourcing contracts, in relation to:
Risk Capture
USM processing
Pre-bind Quality Assurance (PBQA)
Credit Control
Broker Ledger
PROCEDURES
Reviewing, monitoring, improving, updating of procedures/processes and associated procedures manuals.
TECHNICAL ASSISTANCE / TRAINING
Providing technical assistance to teams within Ascot as well as external partners. Providing training on procedures/system to them. Answering queries from them in a timely fashion.
REPORTS
Preparation of operation, performance, statistical reports.
EXCEPTIONS REPORTS
Reviewing and clearing various exceptions. Continually improving exception reports.
SYSTEMS
Suggesting and testing system enhancements.
RISK CAPTURE QC
Performing Risk Capture quality control. Liaising with Capita and underwriting teams. Improving processes and manuals.
GAAP
Reviewing daily movements, liaising with underwriting teams and arranging corrective action where required.
- GAAP WRITE-OFF – SDDs
Assisting underwriting teams with delaying/reversing GAAP write-offs by amending SDDs in S2000 and publishing the authorisation to do so. Monitoring upcoming GAAP write-offs.
FACILITY EPI
Managing quarterly Facility EPI reviews; monthly ones for SNG/SHA.
CREDIT CONTROL / BROKER LEDGER
Reviewing credit control and broker ledger SLAs. Improving processes and procedures manuals. Liaising with underwriters and brokers in relation to NOCs.
UAS
Compiling the monthly Underwriting Administration Statistics report. Reviewing the SLAs underwriting administrators have to adhere to, reviewing administrators’ responses to our findings, improving the report.
PBQA
Reviewing the quality of the work performed by the outsourced Pre-Bind Quality Assurance team as well as quality of administrators’ action in response to PBQA’s findings
EVENT CODING
Performing Event Coding QC. Completing end of month report. Liaising with Outward RI team.
BANKING AND CASH ALLOCATION
Banking – checking bank accounts, recording new transactions on WIP sheet, allocation and reconciliation of funds in respect of various business entities
Please be aware that Ascot Group’s job opportunities will be posted on our official careers page. All official communication comes from @ascotgroup.com email addresses, if you receive a job offer or recruitment communication from Ascot Group that you suspect might be fraudulent, do not hesitate to contact us directly to verify its legitimacy. We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are of utmost importance to us, and we strive to ensure that you have a positive experience with Ascot Group.
#LI-Hybrid
Skills Required
- Experience managing outsourcing contracts (Capita PRO)
- Familiarity with S2000 and amending SDDs
- Knowledge of GAAP and handling GAAP write-offs
- Experience with credit control and broker ledger processes
- Risk capture processing and quality control (USM/Risk Capture)
- Pre-bind Quality Assurance (PBQA) review experience
- Procedure and process review, improvement and documentation
- Preparation of operational, performance and statistical reports
- Event coding quality control and month-end reporting
- Banking, cash allocation and reconciliation experience
- Ability to provide technical assistance and deliver training
Ascot Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Ascot Group and has not been reviewed or approved by Ascot Group.
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Healthcare Strength — Health coverage in the U.S. is characterized as excellent, with indications that individual medical can be employer-paid in some cases. Company materials also highlight comprehensive medical, dental, vision, and wellness resources.
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Retirement Support — A 401(k) with company contributions or match is consistently highlighted, alongside options such as HSAs and FSAs. This points to structured support for longer-term financial security.
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Leave & Time Off Breadth — Generous PTO and paid holidays are emphasized, with additional leaves such as caregiver, adoption, and disability frequently included. Some locations note extras like birthdays off.
Ascot Group Insights
What We Do
Ascot Group is a global specialty insurance and reinsurance group with a record of underwriting excellence and superior claims service. Founded in 2001, Ascot provides a broad range of property and casualty products to customers worldwide through its Lloyd’s and Bermuda market platforms. In the United States, Ascot provides specialized insurance products to small and mid-sized businesses as well as offering underwriting services to high-quality carrier and syndicate partners.
