Assistant Program Manager - Portfolio Solutions

Ascot Group; Stamford (CT); On-site; USD 170,000 - 190,000; Full time

Benefits offered by this job

Health insurance

Paid holidays

401(k) retirement plan

Flexible Spending Accounts

Job summary

Ascot Group is seeking an Assistant Vice President, Program Manager – Portfolio Solutions. This role supports underwriting strategies and P&L outcomes. The candidate will manage portfolio opportunities, ensuring alignment with reinsurance and operational strategies.

The ideal candidate has at least 7 years in program or underwriting management, with strong analytical and communication skills. The position offers a competitive salary between $170,000 and $190,000 and comprehensive benefits.

Qualifications

• Strong underwriting and portfolio management skills.
• 7+ years of experience in program or underwriting management.
• 3–5 years of Property underwriting experience required.
• Excellent communication, organizational, and time‑management skills.

Responsibilities

• Identify target specialty classes of business for underwriting strategy.
• Cultivate target relationships to achieve growth objectives.
• Establish client service standards for portfolio opportunities.
• Conduct regular audits with portfolio partners.

Skills

Underwriting and portfolio management skills

Excellent communication skills

Analytic skills

Organizational skills

Time-management skills

Education

7+ years in program or underwriting management

3-5 years of Property underwriting experience

Job description

Job Description

Ascot Group is one of the world’s preeminent specialty risk underwriting organizations, operating through an ecosystem of interconnected global platforms. Our culture is collaborative, inclusive, and entrepreneurial, guided by The Ascot Way – a set of principles that emphasize underwriting excellence, integrity, and a passion for innovation.

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 division of Ascot U.S. focuses on establishing relationships with Program Managers and other aggregators, offering a variety of solutions including risk assumption, fronting, and related services.

Responsibilities

• Underwriting Strategy
  • Identify target specialty classes of business that complement our direct underwriting operations and align with the desired mix of short, medium, and long‑tail business.
  • Build a balanced portfolio across various specialty segments.
  • Align with all reinsurance, operational, actuarial, risk, and claims strategies and protocols.
• Distribution Management
  • Support the established distribution plan.
  • Identify target relationships and cultivate them to achieve growth objectives.
• Program Management
  • Participate in the due diligence process for new programs in coordination with the Project Manager.
  • Establish 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, collaborating with key underwriting personnel in other Ascot divisions.
  • Conduct regular portfolio analysis, peer review, and measurement of key performance indicators with various Ascot teams.
  • 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 during due diligence, onboarding, and oversight phases.
  • Commit to The Ascot Way: embody its principles in daily interactions with colleagues, fostering engagement, development, collaboration, inclusivity, and accountability.

Requirements

• Strong underwriting and portfolio management skills.
• 7+ years of experience in program or underwriting management.
• 3–5 years of Property underwriting experience required.
• Excellent communication, organizational, and time‑management skills.
• A self‑starter comfortable working independently and collaboratively as a team.
• Strong analytic skills across core finance, actuarial concepts, and 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. Other rewards may include an annual cash bonus and other discretionary compensation awarded by the Company.

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

Company Benefits

Ascot offers a competitive benefits package (eligibility applies):

• Health and Welfare: Medical, prescription coverage, dental, vision, Health Savings Account, commuter account, Health Care and Dependent Care Flexible Spending Accounts, life insurance, AD&D, and employee assistance resources.
• Leave: Paid holidays, annual paid time off (including state/local paid leave where required), short‑term disability, long‑term disability, and additional leave options such as bereavement, FMLA, adoption, maternity, military, and primary/non‑primary caregiver leave.
• Retirement: Contributory savings plan (401(k)).

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 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 a positive experience with Ascot Group.