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 PURPOSE:

To provide complete underwriting support for the Cargo Underwriting team.

DETAILED DUTIES:

Underwriting

• Where possible be present at all stages of the insurance broke
• Populate risk template with relevant data
• Entry of mandatory risk details onto S2000
• Ensure insured name is correct on S2000
• Completion of Electronic Front Sheet (EFS)
• Ensure inclusion of Technical Premium and Rate Movement onto S2000
• Make sure relevant documentation is scanned against the S2000 reference

• Support of Underwriters and Assistants in ensuring overall Syndicate SLA’s are maintainedScanning relevant Underwriter sign off when required

Compliance

• SLAs for slips and endorsements
• Assist with Lloyds licencing requirements
• Send relevant slips for pre-bind check and follow up any fails that may occur with the underwriter/broker
• Assist with completion of sanctions checks
• Completion of annual compliance training
• Compliance bulletin review and action

• Assist with ensuring downgrade clauses comply with Ascot’s policy and highlighted correctly on front sheet.Understanding of current RI purchase procedures .

Facultative Reinsurance Purchasing

• Assist with the purchasing of reinsurance placements and any issues that may arise.Make sure that any endorsements that affect the facultative reinsurance are notified to the relevant team

OTHER DUTIES

• Ad-hoc duties as directed by line management.Implementation of new procedures.
• 
  

  LI-Hybri