Executive Underwriter

AmTrust Financial Services, Inc.•Boston, MA

37d•$164,000 - $180,000

About The Position

Our Excess Casualty underwriting department is seeking an Executive Underwriter to join our growing team. The Excess Casualty team delivers significant value to our wholesale brokers by providing them with an underwriting capability for higher hazard General Liability, Automobile Liability, and Excess Liability insurance needs that are best addressed on an individual risk basis. With this opportunity, you will underwrite and manage a portfolio of hard to place liability risks with tougher exposures considered unique or challenging in accordance with AmTrust E&S guidelines, strategy and profitability standards. The person in this position is responsible for new business development, risk analysis and assessment, coverage evaluation, pricing and contract negotiation in order to maintain and develop a profitable portfolio of non-admitted primary and excess liability risks Professional Liability risks Position requires advanced risk assessment skills with minimum of 15 years industry experience, 10+ years in Excess and Surplus lines with specialized coverage and product knowledge for higher-hazard, complex risks, with a focus on construction, products liability, hospitality and distressed premises.

Requirements

15+ years industry experience, 10+ years in Excess and Surplus lines with specialized coverage and product knowledge for higher-hazard, complex risks, with a focus on construction, products liability, hospitality and distressed premises risks.
BA/BS degree strongly preferred, or equivalent in experience
Knowledge of commercial Excess and Surplus lines risk, classification, pricing and coverage options with adherence to applicable statutory compliance issues and corporate guidelines.
Able to understand and execute to strategic priorities including; pricing strategy, agent strategy, rate strategy, underwriting appetite, limit management and mix of business.
Strong knowledge of the E & S external market and demonstrated marketing and business development experience within the wholesale distribution channel.
Advanced analytical skills to interpret business information drawn from multiple sources to take critical account decisions regarding quality of risk.
Excellent written and oral communication skills and ability to interact effectively with all levels in the organization
Keen influencing and negotiation skills are essential
Strong computer skills (Excel|Word|SharePoint) with demonstrated high accuracy output.
Ability and desire to travel up to 25% of the time within the assigned territory

Nice To Haves

CPCU or other related Insurance Designation(s) preferred

Responsibilities

Build and maintain a solid flow of new business opportunities, identifying opportunities for growth within new and existing production sources. Position has direct responsibility for broker development and management within a book of business.
Develop risk pricing by analyzing exposures, claims experience, utilizing pricing tools and worksheets, comparison to similar risks, as well as experience in underwriting exposures pertaining to individual risks, for new accounts within assigned portfolio and authority level.
Consistently achieve budgeted financial results (premium, loss ratio, retention, commissions, pricing, new business, premium collection, and expense management) as established for individual portfolios.
Supports the achievement of continued profitability, growth and/or operational efficiencies for a product line through assessment of competitor product offerings and market appetite
Remain current on legal and regulatory changes, claim development and emerging exposures/issues to contribute to unit product development and portfolio decisions.
Collaborates with Underwriting, Legal and Claims to drive product development strategies and initiatives supporting business objectives and ensuring product modernity/competitiveness
May take lead responsibility for position papers for emerging exposures/ issues when assigned.
Identify and take corrective action and/or collaborate with the appropriate area within the organization based on individual risk characteristics identified through broker reviews, large loss analysis, risk control, etc.
Coaches, leads and develops underwriters and directs the development of coverage and associated exposure training.