Environmental Underwriting Professional

Allied World Assurance Company; Chicago (IL); On-site; USD 75,000 - 120,000; Full time

Benefits offered by this job

Health Insurance

Dental Insurance

Disability Insurance

401k match

Group Term Life Insurance

Job summary

Allied World Assurance Company is seeking an Underwriter to support a book of business, drive profitability, and grow the portfolio through broker and client relationships in the US. The role involves evaluating submissions, pricing, and ensuring adherence to underwriting guidelines.

The position offers opportunities to develop across Allied World’s nationwide offices, including Chicago, with a focus on environmental lines and cross-functional collaboration.

Qualifications

• 4 year college degree required.
• 1-3 years of relevant work experience.
• Ability to establish relationships with brokers/markets/companies.
• Develop track record of producing and maintaining reinsurance accounts.
• Strong negotiation skills.
• Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint).
• Excellent written and verbal communication and interpersonal skills.
• Strong attention to detail and quantitative skills.
• Ability to meet deadlines and prioritize tasks.
• Willingness to work outside normal hours and travel.

Responsibilities

• Execute the business plan for the development of an Environmental portfolio.
• Prioritize submissions to identify accounts with greatest profit potential.
• Evaluate terms and structures to hit profitability targets.
• Attend client/broker meetings and industry events.
• Develop Broker Distribution platform.
• Expand existing portfolio through relationships and new clients.
• Monitor cash-flow of bound contracts throughout their term.

Skills

Negotiation skills

MS Office (Excel/Word/PowerPoint)

Communication skills

Attention to detail

Quantitative skills

Relationship building

Education

4 year college degree

Job description

Take the next step in your career with us.

Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge.

We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs.

Our people are our most important asset, and we are very proud of the quality of our team members.

The position can be located in any Allied World US office including New York, Iselin, NJ, Boston, Farmington, Houston, Dallas, Chicago, Philadelphia, Los Angeles, San Francisco, Miami

Job Summary:

The Underwriter is responsible for supporting a book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of their portfolio of business, adhering to proper

underwriting discipline/guidelines, marketing and assisting in the servicing of existing and potential clients.

Duties and Responsibilities :

• Execute the business plan for the development of an Environmental portfolio.

• Prioritize and evaluate submissions in order to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.

• Evaluate terms and structures to meet corporate profitability targets.

• 4 year college degree required

• 1-3 years of relevant work experience

• Ability to establish relationships with brokers/markets/companies

• Develop track record of producing and maintaining reinsurance accounts

• Strong negotiation skills

• Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint)

• Excellent communication (both written and verbal) and interpersonal skills

• Strong attention to detail and quantitative skills

• Ability to work to deadlines and prioritize tasks

• Ability and willingness to work outside normal office hours and travel as required

• Price and analyze coverage, structure and exposures.

• Develop Broker Distribution platform

• Authorize quotes/binders/invoices as appropriate.

• Attend client/broker meetings, lunches, dinners and other social outings as applicable.

• Negotiate with brokers and clients for new and renewal business.

• Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.

• Expand existing portfolio of business by developing existing relationships and new prospective clients.

• Monitor developments and cash-flow of bound contracts throughout period.

• Liaise with brokers, internal auditors and Claims, Accounting, IT and Legal departments as appropriate.

• Cross sell other Allied World products

• Attend important industry conferences and seminars as appropriate.

• Ensure information is input into the in-house system in an accurate and timely manner.

The salary range for this role is between:

$75,000 - $120,000

Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance.Allied World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected bylaw.

Working at Allied World

Our team of over 1,650 professionals has deep expertise in the industry. They enjoy their work, and many have served for several years. This is what you can expect when you join us:

• Instant membership in the Allied World — a global network of colleagues who will support your career journey
• A manager who will help you build your career through a structured coaching program
• Access to a full suite of learning and development tools and resources

Global Presence

Headquartered in Bermuda, Allied World has offices in Atlanta, Boston, Brisbane, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, Houston, London, Los Angeles, Malaysia, Manchester, Miami, Nashville, New Jersey, New York, Philadelphia, San Francisco, Singapore, Sydney, Switzerland and Toronto. We strive to provide exceptional service to our clients and distribution partners.