Sr. Underwriter/AVP, E&O

Allied World Assurance Company•Farmington, CT

About The Position

AVP – E&O, Renewal Lead Lawyers Professional Liability and Miscellaneous E&O Overall Job Objectives : Underwrite and manage renewal errors & omissions portfolios for Lawyers Professional Liability (LPL) and Miscellaneous E&O products on a national basis Duties and Responsibilities : Analyze and evaluate errors and omissions accounts for LPL and Misc. E&O Analyze potential clients and present evaluations at daily group discussions Maintain, develop, and support broker relationships throughout the country Manage and distribute renewal assignments across products every month Maintain a renewal retention rate of at least 90% Manage and develop staff, including new underwriters as the group grows Attend appropriate training sessions and conferences when deemed appropriate Assist with special projects as needed under supervision of management Compliance with underwriting guidelines, systems and procedures General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorizations Seek input from Actuarial Department to set process specific accounts when appropriate Liaise with Claims Department on any specific claim activity and overall market claims concerns, which could potentially affect profitability Consistent with Internal Audit department procedures, achieve compliance with all underwriting and administrative guidelines Marketing – attend client/broker meetings, lunches, dinners and other social outings as applicable. Meet with key brokers regularly to discuss production, service and other topics relative to division operations Stay current with respect to major industry issues and developments Provide specific reports as needed by senior staff Other duties as assigned

Requirements

Bachelor’s Degree preferred
7+ years underwriting experience – E&O lines preferred
Excellent organizational skills, and ability to multi task and handle a large volume of email, accounts, and phone calls
Ability to work independently and collaboratively in a fast-paced, high pressure environment
Willingness to travel – up to 25% travel
Must be able to think originally, be willing to challenge ideas and be receptive to having their own ideas challenged
Solid Writing and Communication Skills

Responsibilities

Analyze and evaluate errors and omissions accounts for LPL and Misc. E&O
Analyze potential clients and present evaluations at daily group discussions
Maintain, develop, and support broker relationships throughout the country
Manage and distribute renewal assignments across products every month
Maintain a renewal retention rate of at least 90%
Manage and develop staff, including new underwriters as the group grows
Attend appropriate training sessions and conferences when deemed appropriate
Assist with special projects as needed under supervision of management
Compliance with underwriting guidelines, systems and procedures
General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorizations
Seek input from Actuarial Department to set process specific accounts when appropriate
Liaise with Claims Department on any specific claim activity and overall market claims concerns, which could potentially affect profitability
Consistent with Internal Audit department procedures, achieve compliance with all underwriting and administrative guidelines
Marketing – attend client/broker meetings, lunches, dinners and other social outings as applicable.
Meet with key brokers regularly to discuss production, service and other topics relative to division operations
Stay current with respect to major industry issues and developments
Provide specific reports as needed by senior staff
Other duties as assigned