Corporate Underwriting Auditor
Apply NowCompany: Ascot Group
Location: Stamford, CT 06902
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: 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.
Position Summary:
Reporting to the Underwriting Governance Leader, the Corporate Underwriting Auditor is responsible for evaluating and ensuring the accuracy, compliance, and quality of underwriting processes and decisions. This role involves conducting audits, analyzing underwriting practices, and providing recommendations to improve efficiency and mitigate risks.
Key Responsibilities:
Requirements:
***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, and other forms of discretionary compensation awarded by the Company.
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
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.
Position Summary:
Reporting to the Underwriting Governance Leader, the Corporate Underwriting Auditor is responsible for evaluating and ensuring the accuracy, compliance, and quality of underwriting processes and decisions. This role involves conducting audits, analyzing underwriting practices, and providing recommendations to improve efficiency and mitigate risks.
Key Responsibilities:
- Conduct comprehensive audits of property and casualty insurance underwriting files to ensure adherence to company policies, regulatory requirements, and industry standards, for both internal underwriting units and external underwriting partners.
- Review and assess underwriting decisions, documentation, and processes for accuracy, consistency, and compliance.
- Identify areas of improvement and provide actionable recommendations to enhance underwriting practices and mitigate risks.
- Collaborate with underwriting teams to address audit findings and implement corrective actions.
- Prepare detailed audit reports and present findings to senior management.
- Stay updated on industry trends, regulatory changes, and best practices in underwriting and auditing.
- Assist in the development and implementation of underwriting guidelines, policies, and procedures.
- Provide training and support to underwriting staff on compliance and best practices.
- Support Underwriting Governance Leader and U.S. Chief Underwriting Officer
- Participate in strategic projects and underwriting initiatives, as needed.
- Commitment 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:
- Bachelor's degree in Business, Finance, Insurance, or a related field.
- Professional certification such as CPCU (Chartered Property Casualty Underwriter) or AU (Associate in Commercial Underwriting) preferred.
- Minimum of 7-10 years of experience in property and casualty insurance underwriting or auditing.
- Strong knowledge of insurance principles, underwriting processes, and regulatory requirements.
- Excellent analytical, problem-solving, and decision-making skills.
- Attention to detail, ability to work independently and good time management skills.
- Strong communication and interpersonal skills.
- Proficiency in using auditing software and Microsoft Office Suite.
***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, and other forms of discretionary compensation awarded by the Company.
- The annualized base pay range for this role is: In New York Metro is: $115,000 - $140,000
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