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Underwriter II - Primary Casualty

AmTrust Financial Services, Inc.
Posted 3 months ago, valid for 16 days
Location

Seattle, WA 98164, US

Salary

$92,000 - $130,000 per year

Contract type

Full Time

Paid Time Off
Life Insurance

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Sonic Summary

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  • The Senior Underwriter position at AmTrust E&S Insurance Services requires a minimum of seven years of experience in excess and surplus lines, particularly in medium to high hazard general liability insurance.
  • Candidates should possess knowledge of ISO coverage forms and be skilled in individual account underwriting for hazard analysis, rating, pricing, and form selection.
  • The role involves underwriting and managing a portfolio of challenging liability risks, new business development, risk assessment, pricing, and contract negotiation.
  • The expected salary range for this position is $92,000 to $130,000 per year, depending on various factors such as skills and experience.
  • AmTrust offers a competitive compensation package, benefits, and emphasizes a diverse and inclusive workplace culture.

Overview

The Underwriter administers the underwriting and servicing of renewal accounts for brokers and producers assigned within the territory in compliance with company underwriting, authority, and pricing standards upholds the standards of the AmTrust organization.

Responsibilities

  • Analyzes, with the highest level of technical expertise and accuracy, exposures to loss, develops an adequate premium charge for the exposure, determine endorsements and exclusions to address loss exposures for the insurance contract, including developing manuscript wording appropriate to the risk.
  • Achieves team/individual production and loss ratio goals with assigned agents / brokers through sound management and marketing. 
  • Works with the most complex issues concerning coverage, terms and conditions, etc.  The underwriter continually analyzes premium and loss results of assigned agents / brokers; by state, major classes of business, etc.
  • Oversees or handles policy maintenance items and other mid-term requests. As well as conducting midterm policy audits.
  • Reviews endorsement requests and authorizes necessary changes to the policy.  Reviews Loss Control reports and recommendations; collaborates with the agent / broker to ensure loss control compliance
  • Travels to broker offices as required for training or marketing visits.  Entertains clients visiting the Company as required. Assists with development of marketing ideas and strategies for Underwriting events and other marketing campaigns.
  • Researches and develops new classes of business as directed.  Researches market trends and competition. 
  • Assesses market viability, suggest form wording on endorsements and exclusions and supports rate changes based on global strategy.  
  • Reviews individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision. 

Qualifications

  • Bachelor’s degree from an accredited college or university.
  • 5+ years of commercial lines property and casualty experience.
  • Demonstrated experience with and expert technical knowledge of Excess Casualty coverage and risk selection, methods and pricing including demonstrated experience utilizing ISO Classifications.
  • Demonstrated ability to interpret and analyze data and make an informed, calculated risk decision
  • Ability to make sound contributions to tactical and strategic planning
  • Ability to collaborate with individuals of various backgrounds within area of expertise

Preferred: 

  • CPCU, AIS or CIC designation preferred, or the equivalent combination of education and experience.

The expected salary range for this role is $66,900-$110,000/year.

 

Please note that the salary information shown above is a general guideline only. Salaries are based upon a wide range of factors considered in making the compensation decision, including, but not limited to, candidate skills, experience, education and training, the scope and responsibilities of the role, as well as market and business considerations.

 

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What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

 

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

 

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.




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