Regional Executive Underwriter, Financial Lines

AmTrust Financial Services•Tbd, NY

About The Position

Our Financial Institutions underwriting division is seeking a Regional Executive Underwriter to join our growing team in the NYC Metropolitan Area. With this opportunity, you will underwrite and manage a portfolio of Management Liability Insurance in accordance with division guidelines, strategy and profitability standards. The person in this position is responsible for new business development, renewals, risk analysis and assessment, coverage evaluation, pricing and contract negotiation in order to maintain and develop a profitable portfolio. Product lines include Directors & Officers, Professional liability, Fiduciary, Cyber, Employment Practices Liability and FI Bond.

Requirements

Approximately 10+ years underwriting and rating experience with a focus in management and professional liability insurance products, preferably with knowledge of Financial Institutions (non-banking)
Strong knowledge of the D&O external market and demonstrated marketing and business development experience within the retail and wholesale distribution channel.
Able to understand and execute to strategic priorities including; pricing strategy, agent strategy, rate strategy, underwriting appetite, limit management and mix of business.
Advanced analytical skills to interpret business information drawn from multiple sources to take critical account decisions regarding quality of risk.
Strong interpersonal skills and ability to w ork collaboratively with colleagues in other functional areas and across the Group, share knowledge by participating in line of business monitoring and product development activities.
Strong Organizational and Time Management Skills
Ability to travel up to 25% of the time within the assigned territory
Strong knowledge of the Microsoft Suite with specific emphasis on Excel

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.
Underwrite renewals and identify cross-sell opportunities.
Implementing 120 day strategy to ensure compliance and profitability of risks.
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 and renewal 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.
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.
Insure compliance with underwriting strategies and regulatory requirements.
Remain current on legal and regulatory changes and claim development in order to contribute to unit product development and portfolio decisions.
Provide responsive service to brokers by delivering timely and accurate quotes and endorsements.
Assist in the development and implementation of underwriting strategy for all product lines.