Sr. Underwriter/AVP, Casualty Reinsurance

Allied World; New York (NY); On-site; USD 90,000 - 135,000; Full time

Job summary

An established industry player is seeking a skilled Sr. Underwriter/AVP to manage a diverse reinsurance portfolio. This role involves underwriting submissions, negotiating treaty terms, and collaborating with internal teams to ensure profitability and compliance. The ideal candidate will have a strong background in finance or risk management, excellent negotiation skills, and the ability to thrive in a dynamic environment. Join a forward-thinking company that values innovation and offers a comprehensive benefits package, including health and dental insurance, a 401k plan, and more.

Benefits

Health Insurance

Dental Insurance

401k Plan

Group Term Life Insurance

Qualifications

• 2-5 years of underwriting experience required.
• Insurance industry designations such as CPCU, ARe, RPLU preferred.

Responsibilities

• Underwriting reinsurance submissions for Casualty and Professional Liability.
• Managing broker and client relationships effectively.

Skills

Negotiation Skills

Documentation Skills

Attention to Detail

Quantitative Skills

Interpersonal Skills

Education

Bachelor’s Degree in Accounting

Bachelor’s Degree in Finance

Bachelor’s Degree in Risk Management

Tools

Microsoft Office Suite

Job description

Job Description - Sr. Underwriter/AVP, Casualty Reinsurance (2500001E)

Job Objectives:

Responsible for underwriting a reinsurance portfolio for Casualty and Professional Liability lines of business by employing the methods described within the Global Reinsurance Underwriting Guidelines and Business Unit Underwriting Guidelines. Responsibilities include underwriting reinsurance submissions, marketing to brokers and clients, performing underwriting audits, and interacting internally with Actuarial, Legal, and Claims staffs as necessary to meet projected profitability, GWP, and expense goals.

Duties and Responsibilities:

1. Prioritize and evaluate treaty submissions to identify those treaties and structures that provide opportunity for profit consistent with the business plan.
2. Work with actuarial team to determine the optimal price and structure for new and renewal treaty business.
3. Manage and develop broker and client relationships.
4. Negotiate treaty terms, conditions, and participations with brokers and clients.
5. Review contracts to ensure wordings comply with underwriting guidelines and reflect intended terms and conditions.
6. Coordinate underwriting activities with Claims, Accounting, and Legal departments as necessary.
7. Ensure compliance with underwriting and administrative guidelines and procedures.

Qualifications

Compensation

The annualized base pay range is broad, based on market analysis. The actual salary may be above or below the listed range, depending on factors such as experience, skills, education, training, and other employment conditions. Base salary is part of Allied World's total reward package, which may include annual incentive rewards.

$90,000 - $135,000

Requirements:

• Bachelor’s degree preferably in Accounting, Finance, or Risk Management
• Insurance industry designations such as CPCU, ARe, RPLU
• 2-5 years underwriting experience
• Excellent negotiation and documentation skills
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, SharePoint)
• Excellent verbal, written, and interpersonal skills
• Strong attention to detail and quantitative skills
• Ability to prioritize tasks and meet deadlines
• Willingness to work outside normal office hours and travel as required

About Fairfax

Fairfax is a holding company engaged in property and casualty insurance, reinsurance, and investment management through its subsidiaries.

About Allied World

Allied World Assurance Company Holdings, Ltd, provides insurance and reinsurance solutions globally. Operating under the brand Allied World since 2001, it is a subsidiary of Fairfax Financial Holdings Limited. Our strong capital base and innovative solutions help manage risks effectively. Learn more at www.awac.com.

Our benefits include health and dental insurance, a 401k plan, and group term life insurance. We are an Equal Opportunity Employer. For more information, visit www.awac.com.