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Open nowPosted 7 days ago

Underwriting Assistant, Financial Institutions

Ascot Group42 open roles

Pay
$80,000 – $90,000 a year
Where
NEW YORK, NY, United States
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Your applicationOpen nowUnderwriting Assistant, Financial InstitutionsAscot Group · NEW YORK, NY, United States

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The clock on this job

Early applications get read.

13.8% of postings close within 7 days. Measured by our own scanner across the market. Ascot Group postings stay open a median of 15 days.

Share of postings closed within
  1. 2.2%1 day
  2. 4.7%3 days
  3. 13.8%7 days
  4. 22.3%14 days
  5. 37.8%30 days
  6. 59.0%60 days
This job: posted 7 days ago

Ascot Group median: 15 days open

The posting

Job Description

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.

Ascot is embedding artificial intelligence (AI) and automation across the organization to enhance decision-making, efficiency, and quality of outcomes. In this role, you will be expected to work confidently alongside AI-enabled tools, apply sound judgment when interpreting insights, and adapt as technology continues to evolve. We value curiosity, critical thinking, and a willingness to embrace change as part of how we work.

Position Overview

The Underwriting Assistant, Financial Institutions will support the Financial Institutions underwriting team across the full lifecycle of an account, including new business, renewals, and ongoing servicing. The successful candidate will partner closely with Underwriters, brokers, and Operations to support efficient underwriting workflows while developing knowledge of Financial Institutions risks and products.

Responsibilities

  • Support the underwriting process for the Financial Institutions portfolio, including new business, renewals, and account servicing.
  • Assist with submission preparation, rating, referrals, quoting, binding, policy issuance, and endorsements within assigned authority.
  • Review submissions and maintain accurate underwriting files, rating information, and account documentation.
  • Partner with Underwriters, brokers, reinsurers, and internal teams to obtain required information and resolve outstanding subjectivities.
  • Coordinate policy issuance instructions, endorsements, forms, notices, certificates, and related documentation.
  • Ensure underwriting workflows are completed accurately and within established service standards.
  • Develop knowledge of Financial Institutions risks, products, market trends, and broker relationships.
  • Support additional underwriting projects and process improvements as needed.
  • Commit to The Ascot Way: Demonstrate collaboration, inclusivity, accountability, and a commitment to underwriting excellence in daily interactions.

Requirements

  • High school diploma required; some college or a college degree preferred.
  • Minimum of 5 years of relevant experience, preferably within the P&C or specialty insurance industry.
  • Financial Institutions or Financial Lines experience preferred.
  • Familiarity with underwriting processes, including submissions, rating, quoting, binding, and policy issuance.
  • Strong attention to detail, organizational skills, and ability to manage multiple priorities.
  • Strong communication and interpersonal skills with a customer-focused approach.
  • Ability to work independently while collaborating effectively in a fast-paced team environment.
  • Proficiency in Microsoft Office and comfort learning new underwriting systems and technology.

This position may be filled at a different level depending on experience.

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.

Salary Range: $80,000 - $90,000

Company Benefits

The Company provides a competitive benefits package that includes the following (eligibility requirements apply):

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)

#LI-Hybrid

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