Demo

Assistant Vice President, Operational Strategy

Ascot Group
Woodbridge, NJ Full Time
POSTED ON 1/17/2025
AVAILABLE BEFORE 4/17/2025

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. Our greatest strength is a talented team who flourishes 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 Client Centric, Risk Centric and Technology Centric strategies

Built to be resilient, Ascot offers clients leading 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 Overview :

Reporting to the U.S. Chief Operating Officer, the Assistant Vice President, Operational Strategy , will partner closely with business and technology leadership to develop, align, and execute strategic plans and initiatives in the US, with a focus on process excellence, data and analytics, and customer-centricity.

Responsibilities :

  • Act as a thought partner of the U.S. Chief Operating Officer, developing and implementing operational excellence strategies.
  • Direct projects on behalf of the business, working with business leaders, key stakeholders, and various support functions to implement new technology and / or business solutions.
  • Drive collaboration between IT, Operations, Underwriting, and Data & Analytics to align and execute strategic priorities.
  • Responsible for partnering with the business users to understand processes and underlying informative and / or process automation needs.
  • Ensure effective planning, prioritization, and return on investment of technology initiatives and process improvement opportunities.
  • Drive a continuous improvement culture by leading short and long-term efforts to improve efficiency and leverage data-driven insights.
  • Act as a problem solver and decision maker for system implementation projects and be accountable for performance improvement.
  • Responsible for identifying potential issues or roadblocks that are trending with key stakeholders.
  • 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 :

  • 10 plus years of commercial insurance experience.
  • Prior experience on working on transformation projects.
  • Bachelor's degree.
  • Advanced knowledge of underwriting systems, workflows, and data & analytics.
  • Ability to think strategically across data requirements for all relevant stakeholders.
  • Experience with planning, implementation, and success measurement of technology projects and process improvement initiatives.
  • Ability to influence and develop positive working relationships with leaders across multiple disciplines and executive levels.
  • Prior experience with strategic decision-making in fast-paced sprint environments.
  • Advanced knowledge of underwriting workbenches, rating engines, and policy admin systems.
  • Strong interpersonal skills, a collaborative style, and the ability to relate to all members of the organization in a demanding and complex professional environment.
  • In-depth understanding of underwriting processes and the flow of data through the specialty insurance life cycle.
  • Excellent understanding of underwriting processes and a strong general knowledge of P&C insurance.
  • Exceptional communication skills, with the ability to effectively communicate with stakeholders at all levels.
  • Strong collaborative skills and ability to thrive in a fast-paced, entrepreneurial environment.
  • 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 bonuses, and other forms of discretionary compensation awarded by the Company. The annualized base pay range for this role is : $140,000 - $160,000 for the New York Metro Area

    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

    Salary : $140,000 - $160,000

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