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Form of workOur AmTrust Exec underwriting division is seeking an AVP Underwriter to join our growing team. With this opportunity, you will underwrite and manage a portfolio of Management Liability Insurance in accordance with AmTrust Exec 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 primary and excess Management Liability risks
Position requires strong risk assessment skills with minimum of 15 years of Management Liability lines underwriting experience and pricing knowledge with focus in Publicly Traded, Private and Not-for Profit D&O, Fiduciary, Employment Practices and Crime Insurance
- 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, premium collection, and expense management) as established for individual portfolios.
- 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.
- Insure compliance with underwriting strategies and regulatory requirements.
- Remain current on legal and regulatory changes and claim development in order to contribute to unit product development and portfolio decisions.
- Provide responsive service to brokers by delivering timely and accurate quotes and endorsements.
- Assist in the development and implementation of underwriting strategy for Professional Liability lines.
- 15+ years of Management Liability Lines underwriting experience and pricing knowledge with focus in in Publicly Traded, Private and Not-for Profit D&O, Fiduciary, Employment Practices and Crime Insurance
- Bachelor’s Degree in business or a related field
- Strong knowledge of the Public D&O external market and demonstrated marketing and business development experience within the retail and 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
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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.
