Description
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)
