Assistant Vice President, Cyber & Professional Liability Claims

Ascot Group; Chicago (IL); Hybrid; USD 140,000 - 170,000; Full time

Job summary

Ascot Group, a leading specialty risk underwriting organization, is looking for an Assistant Vice President in Cyber Claims. This role requires deep expertise in claim processes and a collaborative spirit. The ideal candidate will manage complex claims while ensuring accurate documentation and communication with various stakeholders, contributing to Ascot's success in delivering exceptional client service.

Benefits

Health and Welfare Benefits

Leave Benefits

Retirement Benefits

Qualifications

• Ideal candidate to have 5-7 years of relevant experience handling Cyber claims.
• Must be a self-starter, able to work independently and collaboratively.
• Strong computer skills required.

Responsibilities

• Manage a full case load of cyber and technology liability claims.
• Communicate with brokers, underwriters, and counsel.
• Analyze claim submissions and prepare coverage correspondence.

Skills

Attention to detail

Negotiation skills

Strong communication

Analytical skills

Education

Bachelor’s degree in Business/J.D.

Tools

Claims management systems

Job description

Assistant Vice President, Cyber & Professional Liability Claims

Join to apply for the Assistant Vice President, Cyber & Professional Liability Claims role at Ascot Group

Assistant Vice President, Cyber & Professional Liability Claims

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Join to apply for the Assistant Vice President, Cyber & Professional Liability Claims role at Ascot Group

Job Description

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

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.

Job Summary

We are looking for an Assistant Vice President to join our Financial Lines Claims-Cyber Claims Department. The Assistant Vice President focuses on investigating, analyzing and evaluating claims. The ideal candidate should be a creative problem-solver with a skill for navigating systems and an eye for detail and accuracy.

Responsibilities

• Handle a full case load of cyber, technology and miscellaneous E&O, and media liability claims. Duties include reviewing and evaluating loss notices and claims-related documents.
• Communicate with multiple parties in the distribution chain, including retail and wholesale brokers, underwriters, insureds and their counsel, in addition to internal claims team and senior claim management.
• Analyze claim submissions and draft coverage correspondence, appoint and manage breach counsel and defense counsel, circulate internal reports, establish reserves and negotiate and resolve claims. Review claim and policy information and maintain comprehensive claims files.
• Compile ad hoc claims reports.
• Assist with Ascot’s 24/7 Cyber Breach Hotline.
• Maintain knowledge of cyber trends and development and provide feedback to claims and underwriting team.
• Attend industry conferences and assist with Ascot’s marketing efforts.
• May be required to support other lines of business including Management Liability, Lawyers Professional Liability, and Financial Institutions depending on business needs.
  
  

Minimum Requirements

• Bachelor’s degree in Business/J.D. or related field of study.
• 5-7 years’ of relevant experience ideally in the handling of Cyber claims.
• The ideal candidate must be willing to work in a fast-paced environment and be able to effectively prioritize projects and assignments for multiple internal clients.
• Ascot is looking to hire a self-starter who is capable of working independently in a team-oriented and collaborative environment. Must have the initiative and desire to contribute to multiple projects, some of which may fall outside the scope of a similar role at a larger company.
• Strong computer and claims system skills.
• Excellent written, verbal communication and negotiation skills.
• Focused eye for detail and accuracy and ability to review and understand complex contracts and insurance agreements.
• Strong organizational and time management skills.
• Desire to work as part of a team in a collaborative environment.
• Hybrid work environment.
  
  

***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 annual cash bonus, long-term incentives, and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is: $140,000 - $170,000.

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)

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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