Underwriter I - Environmental

AmTrust Financial Services Inc.; New York (NY); On-site; USD 56,000 - 85,000; Full time

Benefits offered by this job

Medical & Dental Plans

Life Insurance

Health Care Flexible Spending

Dependent Care

401k Savings Plans

Paid Time Off

Job summary

The Environmental Underwriter at AmTrust Financial Services administers renewal accounts for wholesale brokers, ensuring adherence to underwriting, authority and pricing standards. The role involves analysis of exposures, setting premiums, endorsements, and supporting market strategies across multiple states with preferred locations in New York, Chicago, Boston, Atlanta or Dallas.

Ideal candidates have a Bachelor’s degree and 3+ years in commercial lines P&C, with strong Environmental Casualty

Qualifications

• Bachelor’s degree from an accredited college or university.
• 3+ years of commercial lines P&C experience, either at a carrier or brokerage.
• Demonstrated experience with Environmental Casualty coverage and risk selection, methods and pricing.
• Demonstrated ability to interpret and analyze data and make an informed, calculated risk decision.
• Ability to collaborate with individuals of various backgrounds within area of expertise.
• Must be coachable. The ideal candidate will be capable of growing into a production underwriting role as further experience is gained.

Responsibilities

• Analyzes exposures to loss and develops an adequate premium; determines endorsements and exclusions; drafts manuscript wording for risks.
• Achieves team/individual production and loss ratio goals with assigned agents/brokers.
• Analyzes coverage terms and conditions; reviews premium and loss results by state, major classes of business, etc.
• Oversees or handles policy maintenance items and mid-term requests.
• Reviews endorsement requests and authorizes changes to policies.
• Travels to broker offices for marketing visits and AmTrust offices for training and meetings; supports marketing ideas for underwriting events.
• Researches and develops new classes of business; analyzes market trends and competition.
• Assesses market viability and supports rate changes based on global strategy.
• Reviews renewal accounts to assess rate strategy on an individual basis.

Skills

Environmental Casualty knowledge

Data analysis

Collaboration

Coachable

Education

Bachelor’s degree

CPCU/AIS/CIC designation (preferred)

Job description

Overview

The Environmental Underwriter administers the underwriting and servicing of renewal accounts for wholesale brokers assigned within the territory in compliance with company underwriting, authority, and pricing standards upholds the standards of the AmTrust organization.

Locations

The position is open to any AmTrust location. Candidates located in New York, Chicago, Boston, Atlanta, or Dallas are preferred.

Responsibilities

• Analyzes, with the highest level of technical expertise and accuracy, exposures to loss, develops an adequate premium charge for the exposure, determine endorsements and exclusions to address loss exposures for the insurance contract, including developing manuscript wording appropriate to the risk.
• Achieves team/individual production and loss ratio goals with assigned agents / brokers through sound management and marketing.
• Works with the most complex issues concerning coverage, terms and conditions, etc. The underwriter continually analyzes premium and loss results of assigned agents / brokers; by state, major classes of business, etc.
• Oversees or handles policy maintenance items and other mid-term requests.
• Reviews endorsement requests and authorizes necessary changes to the policy.
• Travels to broker offices for marketing visits and AmTrust offices as required for training and internal meetings. Entertains clients visiting the Company as required. Assists with development of marketing ideas and strategies for Underwriting events and other marketing campaigns.
• Researches and develops new classes of business as directed. Researches market trends and competition.
• Assesses market viability, suggest form wording on endorsements and exclusions and supports rate changes based on global strategy.
• Reviews renewal accounts to assess rate strategy on an individual basis.

Qualifications

• Bachelor’s degree from an accredited college or university.
• 3+ years of commercial lines P&C experience, either at a carrier or brokerage. Prior experience in wholesale distribution channel preferred.
• Demonstrated experience with and expert technical knowledge of Environmental Casualty coverage and risk selection, methods and pricing.
• Demonstrated ability to interpret and analyze data and make an informed, calculated risk decision
• Ability to make sound contributions to tactical and strategic planning
• Ability to collaborate with individuals of various backgrounds within area of expertise
• Must be coachable. The ideal candidate will be capable of growing into a production underwriting role as further experience is gained.

Preferred

• CPCU, AIS or CIC designation preferred, or the equivalent combination of education and experience.

The expected salary range for this role is $56,000-$85,000/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.

• 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.