Underwriter/Sr. Underwriter, Excess Casualty

Allied World•Los Angeles, CA

2d•$85,000 - $120,000

About The Position

Responsible for underwriting a complex book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of business, implementing proper underwriting discipline/guidelines, marketing and servicing of existing and potential clients.

Requirements

4-year college degree
1-4 years underwriting experience
Established relationships with brokers/markets/companies
Excellent negotiation skills
Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint)
Excellent communication (both written and verbal) and interpersonal skills
Strong attention to detail and quantitative skills
Ability to work to deadlines and prioritize tasks
Ability and willingness to work outside normal office hours as required

Responsibilities

Execute the business plan for the development, management and expansion of a portfolio of accounts
Prioritize and evaluate submissions in order to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives
Review and analyze underwriting submissions, slips and contracts
Price and analyze coverage, structure and exposures
Set appropriate terms and conditions following the Company business strategy to quote selected risks
Evaluate terms and structures in conjunction with Actuarial staff to meet corporate profitability targets
Authorize quotes/binders/invoices as appropriate
Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures
Negotiate with brokers and clients for new and renewal business
Attend client/broker meetings, lunches, dinners and other social outings as applicable
Attend important industry conferences and seminars as appropriate
Liaise with brokers, internal auditors and Claims, Accounting, IT and Legal departments as appropriate
Expand existing portfolio of business by developing existing relationships and new prospective clients
Maintain overview of markets and industry developments through traveling, attending market conventions and seminars and other means to optimize the underwriting and portfolio strategy
Conduct pre-quote and mid-term underwriting audits as needed
On a quarterly basis review the development of the portfolio against original projections
Periodic reporting to manager regarding submissions and current portfolio content