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    Regional Executive Underwriter - Chicago, IL, United States - AmTrust Financial

    AmTrust Financial
    AmTrust Financial Chicago, IL, United States

    3 weeks ago

    Default job background
    Description
    Regional Executive Underwriter

    Job Locations

    US-IL-Chicago

    Requisition ID


    Category

    Underwriting

    Position Type

    Regular Full-Time

    Overview

    Our Financial Institutions underwriting division is seeking an Executive Underwriter to join our growing team. With this opportunity, you will underwrite and manage a portfolio of Management Liability Insurance in accordance with division guidelines, strategy and profitability standards. The person in this position is responsible for new business development, renewals, risk analysis and assessment, coverage evaluation, pricing and contract negotiation in order to maintain and develop a profitable portfolio. Position requires strong risk assessment skills with minimum of 5 years of Management Liability lines underwriting experience and pricing knowledge for publicly traded and private financial institutions. Product lines include Directors & Officers, Professional liability, Fiduciary, Cyber, Employment Practices Liability and FI Bond.

    Responsibilities

      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.

    • Underwrite renewals and identify cross-sell opportunities. Implementing 120 day strategy to ensure compliance and profitability of risks.
    • 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.
    • P rovide responsive service to brokers by delivering timely and accurate quotes and endorsements.
    • Assist in the development and implementation of underwriting strategy for all product lines.
    Qualifications
    • 5+ years underwriting and rating experience with a focus in management and professional liability insurance products, preferably with knowledge of Financial Institutions
    • Bachelor's Degree in business or a related field
    • Strong knowledge of the 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 w ork 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

    This job description is designed to provide a general overview of the requirements of the job and does not entail a comprehensive listing of all activities, duties, or responsibilities that will be required in this position. AmTrust has the right to revise this job description at any time.

    #LI-MM1

    #LI-HYBRID

    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.

    Connect With Us

    Not ready to apply? Connect with us for general consideration.

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