AmTrust Financial
Senior Underwriter
AmTrust Financial, Dallas, Texas, United States, 75215
Senior Underwriter
Job Locations:US-TX-DallasRequisition ID:
2024-17248Category:
UnderwritingPosition Type:
Regular Full-TimeOverview
Senior Underwriter - AmTrust E&S Insurance Services. This underwriting position is designed for an individual with a minimum of seven (7) years of E&S (excess & surplus lines experience) writing medium to high hazard general liability insurance. Knowledge of ISO coverage forms is required. Individual account underwriting is necessary for hazard analysis, rating, pricing, and form selection. In addition, knowledge of industry standard company forms is required to properly underwrite risk.In this role, you will underwrite and manage a portfolio of hard-to-place liability risks with exposures considered unique or challenging in accordance with AmTrust E&S guidelines, strategy, and profitability standards. Responsibilities include new business development, risk analysis and assessment, coverage evaluation, pricing, and contract negotiation to maintain and develop a profitable portfolio of non-admitted primary and excess liability risks.Responsibilities
Build and maintain a solid flow of new business opportunities, identifying growth opportunities within new and existing production sources. Direct responsibility for broker development and management within a book of business.Develop risk pricing by analyzing exposures, claims experience, and utilizing pricing tools and worksheets, as well as experience in underwriting exposures pertaining to individual risks for new accounts within the assigned portfolio.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.Ensure compliance with underwriting strategies and regulatory requirements.Remain current on legal and regulatory changes and claim developments to contribute to unit product development and portfolio decisions.Provide responsive service to brokers by delivering timely and accurate quotes and endorsements.Qualifications
Minimum of 7 years of liability underwriting experience preferred; high-hazard, complex risks, or E&S underwriting experience highly desired with a focus on construction, products liability, hospitality, and distressed premises risks.BA/BS degree strongly preferred, or equivalent in experience.CPCU or other related Insurance Designation(s) preferred.Knowledge of commercial Excess and Surplus lines risk, classification, pricing, and coverage options with adherence to applicable statutory compliance issues and corporate guidelines.Able to understand and execute strategic priorities including pricing strategy, agent strategy, rate strategy, underwriting appetite, limit management, and mix of business.Strong knowledge of the E&S external market and demonstrated marketing and business development experience within the wholesale distribution channel.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.What We Offer
What We Offer:AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, and 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.Not ready to apply? Connect with us for general consideration.
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Job Locations:US-TX-DallasRequisition ID:
2024-17248Category:
UnderwritingPosition Type:
Regular Full-TimeOverview
Senior Underwriter - AmTrust E&S Insurance Services. This underwriting position is designed for an individual with a minimum of seven (7) years of E&S (excess & surplus lines experience) writing medium to high hazard general liability insurance. Knowledge of ISO coverage forms is required. Individual account underwriting is necessary for hazard analysis, rating, pricing, and form selection. In addition, knowledge of industry standard company forms is required to properly underwrite risk.In this role, you will underwrite and manage a portfolio of hard-to-place liability risks with exposures considered unique or challenging in accordance with AmTrust E&S guidelines, strategy, and profitability standards. Responsibilities include new business development, risk analysis and assessment, coverage evaluation, pricing, and contract negotiation to maintain and develop a profitable portfolio of non-admitted primary and excess liability risks.Responsibilities
Build and maintain a solid flow of new business opportunities, identifying growth opportunities within new and existing production sources. Direct responsibility for broker development and management within a book of business.Develop risk pricing by analyzing exposures, claims experience, and utilizing pricing tools and worksheets, as well as experience in underwriting exposures pertaining to individual risks for new accounts within the assigned portfolio.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.Ensure compliance with underwriting strategies and regulatory requirements.Remain current on legal and regulatory changes and claim developments to contribute to unit product development and portfolio decisions.Provide responsive service to brokers by delivering timely and accurate quotes and endorsements.Qualifications
Minimum of 7 years of liability underwriting experience preferred; high-hazard, complex risks, or E&S underwriting experience highly desired with a focus on construction, products liability, hospitality, and distressed premises risks.BA/BS degree strongly preferred, or equivalent in experience.CPCU or other related Insurance Designation(s) preferred.Knowledge of commercial Excess and Surplus lines risk, classification, pricing, and coverage options with adherence to applicable statutory compliance issues and corporate guidelines.Able to understand and execute strategic priorities including pricing strategy, agent strategy, rate strategy, underwriting appetite, limit management, and mix of business.Strong knowledge of the E&S external market and demonstrated marketing and business development experience within the wholesale distribution channel.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.What We Offer
What We Offer:AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, and 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.Not ready to apply? Connect with us for general consideration.
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