VP, North American E&O Division

Allied World Assurance Company•Farmington, NM

About The Position

The VP, North American E&O Division is responsible for underwriting a diverse and complex book of business while meeting projected profitability, gross written premium (GWP), and expense goals. The role manages and grows the portfolio within established underwriting disciplines and guidelines, and markets and services existing and prospective clients. The position supports regional and global leadership in setting strategic goals and budgets, and leads and develops the technical underwriting team. The role combines portfolio analysis and underwriting decisions with business development, broker and client relationship management, team supervision, and strategic and financial planning. It also collaborates with actuarial, claims, legal, accounting, IT, and other internal teams, and stays current on market and industry developments.

Requirements

Four-year college degree.
Professional insurance qualification such as ACII, CPCU, or similar.
At least 7 years of underwriting experience; 12 or more years preferred for senior specializations.
At least 2 years of supervisory or management experience.
Demonstrable experience underwriting complex international projects.
Successful track record developing and maintaining accounts.
Ability to work under tight deadlines and manage conflicting priorities.
Excellent negotiation skills and commercial acumen.
High computer literacy and advanced proficiency in underwriting systems.
Ability and willingness to work outside normal office hours as required.
Fluency in English.

Nice To Haves

Graduate-level degree preferred.
At least 12 years of underwriting experience preferred for senior specializations.
Additional languages are beneficial.

Responsibilities

Execute business plans to develop, manage, and expand the assigned portfolio.
Analyze accounts, including reviewing submissions, assessing pricing, and setting terms and conditions.
Prioritize and evaluate submissions to identify accounts with the greatest profit opportunity.
Authorize quotes, binders, and invoices in accordance with company guidelines.
Ensure bound policies are issued accurately and on time.
Draft wordings and endorsements for legal authorization.
Monitor portfolio development against original projections quarterly.
Attend client and broker meetings, industry conferences, and networking events.
Negotiate with brokers and clients on new and renewal business.
Grow the portfolio by developing relationships with existing and prospective clients.
Maintain established broker and market relationships.
Supervise and develop underwriting team members, including delegating duties and special projects.
Provide direction to Underwriters and Underwriting Assistants.
Conduct performance and salary reviews.
Coordinate underwriting processes and provide leadership to team members.
Support regional or departmental VPs in setting strategic goals and budgets.
Work with senior management on strategic and financial planning.
Monitor developments and cash flow of bound contracts.
Review portfolio PML analysis quarterly.
Liaise with actuarial support on premium benchmarking and pricing models.
Coordinate with the Claims Department on claim activity and market concerns.
Work with Legal, Accounting, IT, and other internal departments as needed.
Stay current with major market and industry developments.