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    Underwriter – Architects - Chicago, United States - Aspen Insurance Group

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    Description

    Underwriter – Architects & Engineers

    Chicago, IL

    About us

    Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.

    We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.

    Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

    The role

    To appropriately underwrite complex Architects and Engineers risks in accordance with the business plan and within delegated underwriting authority. Our Aspen Values are expected to be reflected in the delivery and performance of every role.

    Key accountabilities

    Contributes to functional strategy development and prioritises the operational deliverables and activities of team to support delivery of overall business targets.

    Manages tactical plan and provides support to others to achieve positive results for the business in line with strategy.

    Monitors and manages underwriting service performance to ensure control of, and reliable prediction of underwriting cost and frequency.

    Develops and implements processes to ensure that the underwriting function is aligned to the needs of the class of business and works closely with underwriters and other business functions.

    Maintains underwriting quality assurance systems to ensure effective control and delivery of robust underwriting processes.

    Ensures the recording and measurement of insurance risks, including DUA's where relevant, to ensure accuracy and good practice.

    Works with key stakeholders/business managers to develop sustainable underwriting products and services to attract and retain customers and increase profitability.

    Establishes and strengthens strong relationships with stakeholders, including visits and travel where necessary, to customers, brokers, business partners and colleagues, to maximise influence, support their needs and achieve business objectives.

    Demonstrates understanding and awareness of market dynamics and market cycle to drive and enhance business performance.

    Performs complex underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met.

    Acts as a technical expert to support the identification of issues and opportunities within area of expertise.

    To effectively use in-house underwriting database e.g., data input, interrogation of data, report generation.

    Work with the Managers to maintain the Aspen Professional Liability product line portfolio for specific segments of the portfolio to meet planned targets of the business plan including GWP, NWP, loss ratios and expenses.

    Provide documentation, guidance, and direction to Underwriting Assistants to they perform their functions.

    Produces reports on existing and new underwriting issues and any ad-hoc reports to provide accurate management information.

    Skills & experience

    In depth experience of working in an underwriting environment within a specialised/complex underwriting area.

    Specific professional qualifications at degree level or equivalent.

    Qualified within own professional discipline, with significant post-qualification work experience within related environments and specialist function.

    Associate of Chartered Insurance Institute (or equivalent).

    Experience of successfully supporting technical and operational strategy.

    Experience of managing underwriting teams/resources.

    Experienced in the use of risk profiling and pricing tools and loss models.

    Strong established customer/broker relationships.

    Thorough knowledge of relevant market conditions for specific class/portfolio-Architects & Engineers.

    Strong knowledge of professional liability and coverage.

    Strong knowledge of coverage forms.

    Strong, established relationships in the broker communities.

    Thorough knowledge of Aspen's underwriting strategy and how this translates into operational targets and delivery.

    Good knowledge of Reinsurance and Expected Profitability Analysis (EPA) requirements.

    Strong knowledge of legal and regulatory requirements (specific reference to FCA / Lloyds regulation).

    Able to plan effectively and efficiently.

    Ability to collaborate effectively within a team environment.

    Strong analytical skills.

    Ability to analyse data and use for decision-making.

    People management – ability to engage and lead a team.

    Other

    At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.



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