Senior Underwriter

AmTrust Financial Services Inc.; Charlotte (NC); On-site; USD 77,000 - 130,000; Full time

Benefits offered by this job

Medical & Dental Plans

Life Insurance

Flexible Spending Account

Dependent Care

401k Savings Plan

Paid Time Off

Job summary

AmTrust Financial Services Inc. is seeking a Production Underwriter to grow profitable commercial lines business within a territory, traveling to insurance agencies to foster relationships and promote AmTrust products.

You will collaborate with underwriting to assess risk, review loss histories, and ensure compliance with pricing standards for new and renewing accounts. You will leverage industry knowledge of casualty, property, automobile, workers’ compensation and umbrella coverages, while

Qualifications

• Bachelor’s Degree with a background in insurance or equivalent experience.
• 5+ years of underwriting and marketing experience in commercial lines.
• Professional designations such as CPCU, ARM, PLU, etc.
• CPCU or CIC designation preferred, or the equivalent combination of education and experience.
• Ability to create business opportunities by demonstrating excellent underwriting skills and product knowledge.
• Demonstrated knowledge of commercial casualty, property, automobile, workers’ compensation and umbrella insurance.
• Willingness to travel 2–3 days per week to visit agents in the designated territory.

Responsibilities

• Develop strong relationships with key agents and provide underwriting guidance.
• Write and retain a profitable book of business through risk analysis, pricing and servicing.
• Comply with state filings and corporate underwriting and pricing guidelines.
• Collaborate with territory team and keep colleagues informed of issues and activity.
• Develop and implement the territory business plan and meet territory goals.
• Select, price, and develop coverage terms for commercial lines accounts.
• Manage a territory of independent agents to meet profitability and growth objectives.
• Review new business applications and accept/decline risks per underwriting policies.
• Maintain relationships with agents and communicate underwriting decisions.
• Travel within territory to meet with agents and producers and participate in industry events.
• Provide information and guidance to support staff for processing coverage requests.

Skills

Underwriting skills

Relationship building

Business development

Education

Bachelor's in Insurance

CPCU/CIC designation

Job description

Overview

The Production Underwriter is part of the commercial property sales and marketing department at AmTrust. In this role, you will travel to different insurance agencies to develop relationships with the agents and promote AmTrust’s products and services. Once you have established a contract with an agency, you will work with the underwriting department to analyze the financial risk of applicants that come in through that agency and determine if they qualify for coverage. This role will service new, and renewal accounts for agents and producers assigned within the territory in compliance with company underwriting, authority, and pricing standards. You often need to review loss history reports, credit checks, and independent inspections. Maintains a solid understanding of AmTrust’s mission, vision, and values. Upholds the standards of the AmTrust organization.

Responsibilities

• Develop strong business relationships with key agents and provide underwriting guidance to the agents.
• Write and retain a profitable book of business through solid risk analysis, pricing and servicing. Maintains compliance with state filings and adheres to corporate underwriting and pricing guidelines. Operate within written authority grant and makes referrals to Home Office Underwriting as required
• Collaborates closely with territory team. Keep peers and Territory Management informed of all issues and activity
• In collaboration with Territory Management, develop and implement the territory business plan and share accountability with team in meeting territory goals
• Select, price, and develop coverage terms for commercial lines accounts to achieve profitable underwriting results and assist with providing leadership, support, and coaching for the underwriting function
• Manage a territory of independent agents to ensure that profitability and growth objectives for the company are being met
• Review new business applications to evaluate the degree of risk involved, review applications for completeness (contact agents for missing/incomplete information), and accept or decline risks based on the company's underwriting policies
• Maintain and establish a good working relationship with agents and communicate underwriting decisions to agents and insureds
• Coach and collaborate with the team to develop, manage and maintain outside client relationships, which will include traveling in the territory to meet with agents, producers and nonprofit associations or organizations. Actively plan and participate in industry events as required such as but not limited to agency or association conventions
• Provides professional, timely and courteous communication and service to external clients and cross departmental staff to successfully resolve issues pertaining to policyholders and territory producers
• Provides the pertinent information and guidance to support staff required to process coverage requests in accordance with service guidelines
• Collaborates with territory team on reports and update databases as required
• Other job duties may include developing underwriting guidelines for your company and training new staff

Qualifications

• Bachelor’s Degree with a background in insurance or equivalent experience
• At least 5 years of underwriting and marketing experience at a company or agency level with a minimum of 5 years of underwriting experience should be in the commercial lines sector of insurance
• Demonstration of self-development through the attainment of professional insurance designations, CPCU, ARM, PLU, etc.
• CPCU or CIC designation preferred, or the equivalent combination of education and experience
• Ability to create business opportunities by demonstrating excellent underwriting skills and product knowledge. Must possess a value-added service mentality
• Demonstrated experience with and expert technical knowledge of commercial casualty, property, automobile, workers compensation and umbrella insurance coverage and risk selection, methods and pricing.
• Demonstrated ability to interpret and analyze data and make an informed, calculated risk decision
• The expectation is this employee will travel 2 to 3 days per week to visit agents in the designated territory.

Preferred

• 10 years of commercial line property and casualty experience
• Ability to make sound contributions to tactical and strategic planning
• Ability to train, coach and mentor individuals of various backgrounds within area of expertise

The expected salary range for this role is $76,600-$130,000/year.

Please note that the salary information shown above is a general guideline only. Salaries are based upon a wide range of factors considered in making the compensation decision, including, but not limited to, candidate skills, experience, education and training, the scope and responsibilities of the role, as well as market and business considerations.

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.