Executive Underwriter - Environmental
About The Position
AmTrust’s Environmental underwriting department is seeking an Executive Underwriter to join its growing team. The Environmental team serves wholesale brokers by underwriting higher-hazard General Liability, Pollution, and Excess insurance needs on an individual-risk basis. The Executive Underwriter will underwrite and manage a portfolio of General Liability and Pollution risks with challenging or unique exposures, in accordance with AmTrust Environmental guidelines, strategy, and profitability standards. The role is responsible for new business development, risk analysis and assessment, coverage evaluation, pricing, and contract negotiation to maintain and develop a profitable Environmental Casualty portfolio. The position requires advanced risk-assessment skills and substantial industry and Environmental Casualty experience, particularly with complex, higher-hazard risks in manufacturing, distribution, and processing. Wholesale distribution channel experience and established broker relationships are required. The role is open to all AmTrust locations. Candidates in New York, Chicago, Boston, Atlanta, or Dallas are preferred, with a hybrid work schedule. Travel within the assigned territory may be required up to 25% of the time.
Requirements
- 15+ years of industry experience and 10+ years in Excess and Surplus lines, with specialized coverage and product knowledge for higher-hazard, complex risks focused on manufacturing, products liability, distribution, and processing.
- Prior experience in the wholesale distribution channel; strong Environmental Casualty market knowledge and demonstrated marketing and business-development experience in that channel.
- Established wholesale broker relationships within the assigned territory.
- Knowledge of Environmental Casualty risk, classification, pricing, and coverage options, including applicable statutory compliance issues and corporate guidelines.
- Ability to understand and execute strategic priorities, including pricing and agent strategies, rate strategy, underwriting appetite, limit management, and mix of business.
- Advanced analytical skills to interpret business information from multiple sources and make critical account decisions about risk quality.
- Excellent written and oral communication skills and the ability to interact effectively across organizational levels.
- Strong influencing and negotiation skills.
- Strong computer skills, including Excel, Word, and SharePoint, with demonstrated accuracy.
- Ability and willingness to travel up to 25% of the time within the assigned territory.
Nice To Haves
- BA/BS degree strongly preferred, or equivalent experience.
- CPCU or other related insurance designation preferred.
Responsibilities
- Build and maintain a flow of new business opportunities, identify growth opportunities with new and existing production sources, and manage broker development and relationships within a book of business.
- Develop risk pricing by analyzing exposures and claims experience, using pricing tools and worksheets, comparing similar risks, and underwriting individual accounts within the assigned portfolio and authority level.
- Achieve budgeted financial results for assigned portfolios, including premium, loss ratio, retention, commissions, pricing, new business, premium collection, and expense management.
- Support product-line profitability, growth, and operational efficiency by assessing competitor offerings and market appetite.
- Stay current on legal and regulatory changes, claim development, and emerging exposures or issues to inform product development and portfolio decisions.
- Collaborate with Underwriting, Legal, and Claims on product-development strategies and initiatives that support business objectives and product competitiveness.
- Lead position papers on emerging exposures or issues when assigned.
- Identify and take corrective action, or collaborate with appropriate organizational teams, based on risk characteristics identified through broker reviews, large-loss analysis, risk control, and other sources.
- Coach, lead, and develop underwriters, and direct the development of coverage and related exposure training.
Benefits
- Medical and dental plans
- Life insurance, including eligible spouses and children
- Health Care Flexible Spending Account
- Dependent Care benefits
- 401(k) savings plan
- Paid time off
- Competitive compensation package
- Career advancement opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
