Underwriter II - Primary Casualty

AmTrust Financial Services, Inc.; Chicago (IL); On-site; USD 67,000 - 95,000; Full time

Benefits offered by this job

Medical & Dental Plans

Life Insurance

401k Savings Plans

Paid Time Off

Job summary

AmTrust Financial Services, Inc. is seeking an Underwriter to manage renewal accounts for brokers and producers in the Chicago area. You will analyze exposures, develop premiums, and determine endorsements to address loss exposures for insurance contracts.

The role requires 5+ years of commercial lines P&C experience and expertise in Excess Casualty coverage, with opportunities to travel for training and marketing visits. Competitive salary and benefits offered.

Qualifications

• Bachelor’s degree from an accredited college.
• 5+ years of commercial lines P&C experience.
• Expert knowledge of Excess Casualty risk selection and pricing.

Responsibilities

• Underwrite renewal accounts for brokers and producers within territory.
• Analyze exposures, determine premiums, endorsements, and exclusions.
• Maintain policy items and conduct midterm audits.
• Collaborate with agents/brokers on loss control and market strategies.
• Travel to broker offices for training or marketing visits.
• Review endorsements and support rate changes per strategy.

Skills

Excess Casualty knowledge

Data analysis for risk decisions

ISO classifications knowledge

Education

Bachelor’s degree

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 upholds the standards of the AmTrust organization.

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. 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 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 individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision.

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.

The expected salary range for this role is $66,900 -$95,000/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.