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Underwriter/Sr. Underwriter, Excess Casualty

Allied World
Posted 5 months ago, valid for 18 days
Location

New York, NY 10008, US

Salary

$85,000 - $135,000 per year

Contract type

Full Time

Health Insurance
Life Insurance
Disability Insurance

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Sonic Summary

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  • The position involves supporting a portfolio of business to achieve profitability, GWP, and expense goals while adhering to underwriting guidelines.
  • Candidates should have a 4-year college degree and 3-5+ years of experience in General Casualty underwriting.
  • Key responsibilities include executing business plans, performing underwriting analysis, and maintaining concise underwriting files.
  • The salary range for the position is between $85,000 and $135,000, depending on various factors such as experience and location.
  • Allied World offers a comprehensive benefits package and is an Equal Opportunity Employer.

Job Summary: 

Responsible for supporting a book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of their portfolio of business, adheving to proper underwriting discipline/guidelines, marketing and assisting in the servicing of existing and potential wholesale clients.  

Job Duties and Responsibilities:

·        Execute the business plan for the development, management and expansion of a portfolio of accounts

·        Prioritize and evaluate submissions in order to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives

·        Perform underwriting analysis in accordance with Allied World (US) General Casualty guidelines

·        Develop and recommend account pricing / structure / terms & conditions and review these in conjunction with underwriting staff

·        Exercise proper underwriting pricing and discipline, complying with underwriting guidelines, systems and procedures, and perform and document referrals

·        Maintain underwriting files in a concise manner that is consistent with company best practices

·        Delegate and supervise tasks with Account Coordinators

·        Specialized focus on marketing to wholesale brokers within an assigned territory

·        Attend client/broker meetings, lunches, dinners and other social outings as applicable

·        Attend important industry conferences and seminars as appropriate

·        Liaise with brokers, internal auditors and Claims, Accounting, IT and Legal departments as appropriate

·        Reporting to underwriting manager regarding submissions and current portfolio content



·        4-year college degree

·        3-5+ years' experience in General Casualty underwriting

·        Excellent negotiation and analytical skills

·        Proficiency in Microsoft Office Suite (Excel, Word, Outlook and PowerPoint)

·        Excellent communication (both written and verbal) and interpersonal skills

·        Strong attention to detail and quantitative skills

·        Ability to work independently in a fast paced, high pressure environment

·        Ability to work to deadlines and prioritize tasks

·        Ability and willingness to work outside normal office hours as required

·        CPCU designation, or other applicable insurance designations desired

·        Willingness to travel for client meetings and broker visits throughout the assigned region

 

Compensation:

The below annualized base pay range is a broad range based on analysis of similar positions in the market.  The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment.  Base salary represents one component of Allied World’s comprehensive total reward package, which may also include annual incentive compensation rewards. 

Salary range:  $85,000 – 135,000

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings, Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. 

Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance. Allied World is an Equal Opportunity Employer.  All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected by law. 

To learn more, visit awac.com, or follow us on Facebook at facebook.com/alliedworld and LinkedIn at linkedin.com/company/allied-world.




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