Underwriter I - Excess Casualty

AmTrust Financial Services Inc.; Chicago (IL); On-site; USD 53,000 - 80,000; 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

AmTrust Financial Services is seeking an experienced underwriter in Chicago focused on E&S hazard analysis, rating, pricing and form selection for small to medium property & casualty packages. Individual account underwriting is required for risk assessment and pricing decisions.

We value 2+ years of E&S experience, knowledge of ISO forms, and a BA/BS with ASLI or CPCU preferred. Competitive pay, comprehensive benefits, and growth opportunities are offered.

Qualifications

• 3+ years commercial general liability insurance experience.
• Knowledge of commercial lines risk, classification, pricing and coverage options.

Responsibilities

• Review individual risks within renewal processes to determine pricing and coverage terms.
• Identify corrective actions based on risk characteristics from broker reviews and analyses.
• Ensure brokers understand Primary Casualty Unit objectives and coverage trends.
• Collaborate with Primary Casualty Production staff for a consistent producer experience.
• Review premium audits promptly to determine required actions.
• Exhibit sound underwriting principles, policies, procedures, and controls.
• Mentor less experienced underwriters and support staff.
• Stay current on issues affecting the general liability line and attend industry conferences.

Education

BA/BS degree with ASLI or CPCU designations strongly preferred

Job description

Overview

This underwriting position is designed for an individual with 2+ years of E&S (excess & surplus lines experience) writing small to medium hazard property & casualty package insurance. Knowledge of ISO coverage forms. Individual account underwriting is required for hazard analysis, rating, pricing, and form selection.

Responsibilities

• Review individual risks within established renewal processes to determine the appropriate actions with respect to pricing and coverage terms in conjunction with established company guidelines and philosophies. Monitors key performance metrics in order to achieve individual and unit goals.


• 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 brokers have a clear understanding of the Primary Casualty Unit objectives and coverage trends/issues with respect to the renewal portfolio, as well as support overall communication regarding Unit product offerings and risk appetite.


• Collaborate with the Primary Casualty Production staff to ensure a consistent producer experience is achieved across all transactions within the Primary Casualty Business Unit.


• Ensure premium audits are reviewed promptly to determine if any potential actions may be required based on the noted operations or exposures.


• Exhibits thorough working knowledge of sound underwriting principles, policies, procedures, and controls.


• Works collaboratively with other team members and mentor less experienced underwriters and support staff.


• Keeps current on issues affecting the general liability line of business as well as the competitors and the overall marketplace. Attends industry conferences and general marketing appointments as required.

Qualifications

• 3+ years commercial general liability insurance experience


• BA/BS degree, with demonstrated involvement in insurance industry education. ASLI or CPCU designations strongly preferred.


• Knowledge of commercial lines risk, classification, pricing and coverage options with adherence to applicable statutory compliance issues and corporate guidelines.


• Knowledge of basic commercial property and casualty coverage.


• Experience working in a paperless environment preferred


• Working knowledge of the wholesale agency distribution system preferred.

The expected salary range for this role is USD $53,300.00 - USD $80,000.00 Yr.

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 comensation 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.