Underwriter I - P&C Binding

Overview

Underwrites individual risk for acceptability, pricing, coverage, terms and conditions, by developing, analyzing and evaluating information and exposures on risks of an increasing complex technical nature with a high level of authority. Achieves production and loss ratio goals with assigned agents / brokers by reviewing and analyzing claims, loss history and taking appropriate action on accounts. Exercises a high level of authority and judgment with minimal direction.  Fosters positive business relationships with co-workers, agents, and brokers.  Responsible for research, development and presentation of new classes of business including market viability, forms development, and manuals. Assists the manager with department strategies and employee coaching and development, and mentors underwriters at all levels. 

Responsibilities

Researches and develops new classes of business as directed.  Researches market trends and competition.  Assesses market viability, suggest form wording on endorsements and exclusions, and supports rate changes based on global strategy.  

Reviews individual risks with assigned agents/brokers and either declines or accepts business based upon information necessary to make the decision. The underwriter analyzes, with the highest level of technical expertise and accuracy, exposures to loss, develops an adequate premium charge for the exposure, determines endorsements and exclusions to address loss exposures for the insurance contract, including developing manuscript wording appropriate to the risk.

Achieves team/individual production and loss ratio goals with assigned agents / brokers through sound management and marketing.  Works with the most complex issues concerning coverage, terms and conditions, etc.  The underwriter continually analyzes premium and loss results of assigned agents / brokers; by state, major classes of business, etc.

Oversees or handles policy maintenance items and other mid-term requests. As well as conducting midterm policy audits.  Reviews endorsement requests and authorizes necessary changes to the policy.  Reviews Loss Control reports and recommendations; collaborates with the agent / broker to ensure loss control compliance. Follows up on outstanding information as required. Reviews claim activity and takes appropriate action.

Fosters positive business relationships with agents / brokers, through frequent contact. Develops and maintains good rapport; and resolves conflicts. Travels to broker offices as required for training or marketing visits.  Entertains clients visiting the Company as required. Assists with development of marketing ideas and strategies for Underwriting events and other marketing campaigns.

Responsible for the resolution of technical questions of the highest complexity.

Performs other duties as assigned.

Qualifications

Education:  Undergraduate studies degree preferred.  Equivalent work experience will be considered in lieu of a degree.

License/Certification/Designation:  Completion of general insurance courses such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI is preferred.

Experience:  A minimum of 2 years Commercial Lines underwriting experience handling complex accounts, excess & surplus lines experience preferred.

Knowledge:  Knowledge of complex Commercial Lines underwriting policies, practices and procedures, insurance law and underwriting/marketing principles and techniques. Knowledge of regulatory issues, the wholesale insurance transaction, market conditions and company operations.

Skills/Competencies:  Ability to communicate effectively, orally, and in writing, interpersonally with individuals and groups via telephone, tele/video conference, fax, e-mail and in person.  Demonstrates advanced negotiation skills.  Ability to manage the line of business assigned, which may include monitoring of aggregates.  Ability to analyze highly complex insurance risks to determine acceptability including policy language, Ability to use/learn job related computer software.  Ability to handle the most complex accounts.  Ability to devise business solutions to complex problems, implement the most appropriate, and monitor the effectiveness.  Ability to make decisions on highly complex issues and work with minimal direction.  Ability to train and mentor all levels of underwriters, underwriting assistants and interns.  Ability to analyze and interpret mathematical, statistical and logical data, and evaluate its reliability and significance. Ability to apply market trends and competitor intelligence to underwriting approach.

What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.