Underwriter II

AmTrust Financial Services; Alpharetta (GA); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter to manage renewal accounts and assess risks in compliance with underwriting standards. This role involves researching market trends, developing new classes of business, and collaborating with brokers to make informed decisions. The ideal candidate will have over 5 years of experience in commercial lines property and casualty, with a strong understanding of Excess Casualty coverage. Join a company that values diversity and offers excellent career advancement opportunities, along with a competitive compensation package and comprehensive benefits including medical, dental, and 401k plans.

Benefits

Medical & Dental Plans

Life Insurance

401k Savings Plans

Paid Time Off

Qualifications

• 5+ years of experience in commercial lines property and casualty.
• Expert knowledge of Excess Casualty coverage and risk selection.

Responsibilities

• Administers underwriting and servicing of renewal accounts.
• Analyzes exposures to loss and develops premium charges.

Skills

Risk Assessment

Data Analysis

Market Research

Collaboration

Strategic Planning

Education

Bachelor’s degree

Tools

ISO Classifications

Job description

Overview

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

Responsibilities

• Researches and develops new classes of business as directed. Researches market trends and competition.
• Assesses market viability, suggests form wording on endorsements and exclusions, and supports rate changes based on global strategy.
• Reviews individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision.
• Analyzes, with the highest level of technical expertise and accuracy, exposures to loss, develops an adequate premium charge for the exposure, and determines 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. 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, as well as conducting midterm policy audits.
• Reviews endorsement requests and authorizes necessary changes to the policy. Reviews Loss Control reports and recommendations; collaborates with the agent/broker to ensure loss control compliance.
• Travels to broker offices as required for training or marketing visits. Entertains clients visiting the Company as required. Assists with the development of marketing ideas and strategies for Underwriting events and other marketing campaigns.

Qualifications

• Bachelor’s degree from an accredited college or university.
• 5+ years of commercial lines property and casualty experience.
• Demonstrated experience with and expert technical knowledge of Excess Casualty coverage and risk selection, methods, and pricing, including demonstrated experience utilizing ISO Classifications.
• 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.

Preferred:

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

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. 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.