Assistant Vice President

Amynta Group•CA - Remote, CA

12d•Remote

About The Position

The Assistant Vice President (AVP) reports directly to the Senior Vice President (SVP) – Excess Casualty and Construction. The AVP will balance supporting the SVP’s workflow with developing and managing independent production channels. Working as part of a team of experienced underwriters and underwriting assistants across the country, the AVP will be a contributing team player and willing participant in meetings, workshops, and events. The role is responsible for producing, underwriting, and retaining profitable business for the company. The AVP will effectively handle an impactful flow of new and renewal accounts within the division’s guidelines and appetite, including tough products, habitational, commercial contractors, hospitality, and other miscellaneous casualty; additionally, excess construction project business including wrap-ups, project specifics, and owners interest for medium-large commercial and residential construction projects. The AVP will also be responsible for marketing Ambridge Excess Casualty products and developing and strengthening wholesale broker relationships.

Requirements

Act with integrity.
Act with due skill, care and diligence.
Be open and co-operative with Lloyd’s, the FCA, the PRA, and other regulators.
Pay due regard to the interests of customers and treat them fairly.
Observe proper standards of market conduct.

Nice To Haves

Developing and managing independent production channels.
Contributing team player and willing participant in meetings, workshops and events.
Producing, underwriting and retaining profitable business.
Handling an impactful flow of new and renewal accounts within division’s guidelines and appetite, including tough products, habitational, commercial contractors, hospitality and other miscellaneous casualty; additionally excess construction project business including wrap-ups, project specifics, and owners interest for medium-large commercial and residential construction projects.
Marketing Ambridge Excess Casualty products.
Developing and strengthening wholesale broker relationships.
Technical expertise with service of new and existing accounts.
Gathering and evaluating relevant underwriting and risk information independently.
Communicating findings and analysis to other key Brit staff and management.
Initiating pricing discussions on new and renewal accounts.
Liaising with management to ensure pricing approach is competitive yet profitable.
Negotiating and committing underwriting capacity financial arrangements in the best interest of the company, long and short range.
Ensuring that business is being carried out within underwriting guidelines.
Managing the entire underwriting cycle for individual accounts.
Assisting in the preparation of and calculation of underwriting figures for input into the Business Plan.
Advising clients on policy coverages and policy contract wording.
Establishing and maintaining knowledge of internal controls and all procedures relating to underwriting.
Identifying and raising issues with in-force accounts / risks.
Liaising with a variety of other disciplines including claims, legal and/or loss control on issues.
Recommending solutions to ensure risks are mitigated or referred to management.
Carrying out research on specific accounts as appropriate.
Marketing and broker development - with team members and individually.
Potential travel and dinners / entertainment in evenings.
Traveling to and participating/leading client meetings.
Using judgement on how best to balance costs with business needs.
Maintaining key client relationships critical to the on-going success of the business.
Encouraging dialogue with other market practitioners to gain the benefit of market information.
Identifying exposure to loss and recommending appropriate pricing and coverages.
Participating, as needed, in interviewing, hiring, training, and development of additional staff.
Working with MD and SVP on identifying areas of improvement, creating efficiencies and improving margins.
Contributing to the research and development of new business.
Contributing to preparation of data for inclusion in the company report and accounts.
Working Remote in an effective workspace and prioritizing work during working hours.
Efficiently qualifying risks.
Gathering necessary information to create clear and appropriately thorough referrals - to include the opportunity, risk analysis, pricing and terms, and suggested action.
Responsible for the appropriate recording of risk, premiums, claims exposures and aggregates so as to enable timely reporting of all relevant information to the syndicate, board and regulatory bodies.
Participating and presenting own risks written at Peer Review meetings to articulate analytical approach to underwriting decisions.

Responsibilities

Underwrite, maintain and grow the Excess Casualty portfolio in accordance with the business plan, strategy, authority levels and regulatory environment.
Exhibit technical expertise with service of new and existing accounts.
Gather and evaluate relevant underwriting and risk information independently; communicate findings and analysis to other key Brit staff and management.
Initiate pricing discussions on new and renewal accounts; liaise with management to ensure pricing approach is competitive yet profitable.
Negotiate and commit underwriting capacity financial arrangements in the best interest of the company, long and short range; ensure that business is being carried out within underwriting guidelines.
Manage the entire underwriting cycle for individual accounts and assist in the preparation of and calculation of underwriting figures for input into the Business Plan.
Advise clients on policy coverages and policy contract wording while being cautious of the company’s best interest.
Establish and maintain knowledge of internal controls and all procedures relating to underwriting.
Identify and raise issues with in-force accounts / risks; using best judgement, liaise with a variety of other disciplines including claims, legal and/or loss control on issues; recommend solutions to ensure risks are mitigated or referred to management.
Carry out research on specific accounts as appropriate.
Travel to and participate/lead client meetings; use judgement on how best to balance costs with business needs.
Maintain key client relationships critical to the on-going success of the business.
Encourage dialogue with other market practitioners to gain the benefit of market information.
Identify exposure to loss and recommend appropriate pricing and coverages.
Participate, as needed, in interviewing, hiring, training, and development of additional staff.
Work with MD and SVP on identifying areas of improvement, create efficiencies and improve margins.
Contribute to the research and development of new business.
Contribute to preparation of data for inclusion in the company report and accounts.
Work Remote in an effective workspace and prioritize work during working hours.
Efficiently qualify risks, gather necessary information to create clear and appropriately thorough referrals - to include the opportunity, risk analysis, pricing and terms, and suggested action.
Responsible for the appropriate recording of risk, premiums, claims exposures and aggregates so as to enable timely reporting of all relevant information to the syndicate, board and regulatory bodies.
Participate and present own risks written at Peer Review meetings to articulate analytical approach to underwriting decisions.