Assistant Program Manager - Portfolio Solutions

Ascot Group; Denver (CO); On-site; USD 170,000 - 190,000; Full time

Benefits offered by this job

Health benefits

Retirement plan (401k)

Paid time off

Job summary

Ascot Group is seeking an Assistant Vice President, Program Manager - Portfolio Solutions to support underwriting strategies and P&L for PSG. You will help identify target specialty classes and build a balanced portfolio across segments, coordinating with risk, actuarial and claims teams to optimize profit and client outcomes.

You will also support distribution plans, cultivate key relationships, and participate in due diligence for new programs while negotiating PMAs and leading portfolio

Qualifications

• 7+ years of program/underwriting management experience.
• Strong underwriting and portfolio management skills.
• Excellent communication and organizational abilities.
• Willingness to travel for business."

Responsibilities

• Support PSG by identifying target specialty classes of business and align with mix goals.
• Build a balanced portfolio across specialty segments.
• Collaborate with reinsurance, actuarial, risk and claims teams to align strategies.
• Support established distribution plans and cultivate target relationships.
• Participate in due diligence for new programs and maintain service standards.
• Negotiate and maintain Program Management Agreements and conduct regular portfolio analyses.

Skills

Underwriting

Portfolio management

Communication

Travel readiness

Independent work

Job description

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. 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 Client Centric, Risk Centric and Technology Centric strategies. Built to be resilient, Ascot offers clients leading 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.

Position Overview

The Assistant Vice President, Program Manager - Portfolio Solutions will support underwriting strategies and the P&L outcomes for the Portfolio Solutions Group (PSG). This underwriting division of Ascot U.S. focuses on establishing relationships with Program Managers and other aggregators and offers a variety of solutions to these customers including risk assumption, fronting and other related services.

Responsibilities

Underwriting Strategy

• Support PSG by identifying target specialty classes of business that complement our various direct underwriting operations and align with the desired mix of businesses between short, medium, and long tail business.
• Building a balanced portfolio across various specialty segments.
• Align to all reinsurance, operational, actuarial, risk and claims strategies and protocols.

Distribution Management

• Support the established distribution plan.
• Support the identification of target relationships and work to cultivate these in pursuit of growth objectives.

Program Management

• Participate in the due diligence process for new programs in co-ordination with Project Manager.
• Support the establishment of client service standards at the inception of each portfolio opportunity.
• Negotiate and maintain all Program Management Agreements per Ascot standards.
• Conduct regular audits as per the agreed schedule with portfolio partners.
• Manage assigned referrals outside of delegated authorities. Such management may include collaboration with key underwriting personnel residing in other Ascot divisions.
• With the support of various Ascot teams, conduct regular portfolio analysis, peer review and measurement of key performance indicators as established at program inception.
• Summarize findings and implement underwriting strategies to maintain profit objectives.
• Establish and maintain a robust, efficient, and modern operating platform.
• Engage with Legal, IT, Claims, and other support services to ensure a robust operating platform in the due diligence, onboarding, and oversight phases.
• 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

• Strong underwriting and portfolio management skills.
• 7 plus years of experience in program/underwriting management.
• 3-5 years of Property underwriting experience required.
• Excellent communication, organizational and time-management skills.
• A self-starter, who is comfortable working independently and “rolling up their sleeves” and working collaboratively as a team.
• Strong analytic skills across core finance, actuarial concepts along with strong data skills.
• Ability to travel on business as needed.
• 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.

• The annualized base pay range for this role is: $170,000 - $190,000

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)