AmTrust Financial Services, Inc.

  • Executive Underwriter, Professional Liability

    Job Locations US-IL-Chicago
    Requisition ID
    2019-8961
    Category
    Underwriting
    Position Type
    Regular Full-Time
  • Overview

    Job Description

    Executive Underwriter, Professional Lines

     

    Overview

    Our Professional Liability underwriting department is seeking an Executive Underwriter to join our growing team. With this opportunity, you will underwrite and manage a portfolio of Professional Liability insurance in accordance with AmTrust E&S guidelines, strategy and profitability standards. The person in this position is responsible for new business development, risk analysis and assessment, coverage evaluation, pricing and contract negotiation in order to maintain and develop a profitable portfolio of non-admitted primary and excess Professional Liability risks.


    Position requires advanced risk assessment skills, minimum of 10 years experience and must be a knowledgeable underwriting professional with direct underwriting and pricing expertise in core lines of business including Lawyers, Insurance & Real Estate Professionals or Miscellaneous E&O classes.

     

     

    Responsibilities

    Key Responsibilities / Essential Functions

    • 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.
    • 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, and expense management) as established for individual portfolios.
    • Supports the achievement of continued profitability, growth and/or operational efficiencies for a product line through assessment of competitor product offerings and market appetite
    • Remain current on legal and regulatory changes, claim development and emerging exposures/issues to contribute to unit product development and portfolio decisions.
    • Collaborates with Underwriting, Legal and Claims to drive product development strategies and initiatives supporting business objectives and ensuring product modernity/competitiveness.
    • Work with VP, Professional lines to implement underwriting guidelines, develop distribution network and grow business.
    • May take lead responsibility for position papers for emerging exposures/ issues when assigned.
    • 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.
    • Coaches, leads and develops underwriters and directs the development of coverage and associated exposure training.

    Qualifications

    Experience, Skills and Qualifications

    • 10+ years of Professional Lines underwriting experience and pricing knowledge with focus in non-Medical Professional including Lawyers, Insurance & Real Estate Professionals or Miscellaneous E&O classes
    • Bachelor’s Degree in business or a related field & CPCU/ARM/RPLU preferred
    • Strong knowledge of the E & S external market and demonstrated marketing and business development experience within the 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 work 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

    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.

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