Underwriter/Sr. Underwriter, Excess Casualty Division

Allied World; New York (NY); On-site; USD 80,000 - 130,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter/Sr. Underwriter to manage and grow a portfolio of business in the Excess Casualty Division. This role involves executing business plans, performing underwriting analysis, and developing pricing structures while adhering to guidelines. The ideal candidate will have a strong background in General Casualty underwriting, excellent negotiation skills, and proficiency in Microsoft Office. Join a forward-thinking company that values long-term relationships and offers a comprehensive benefits package, including health and dental coverage, a 401k plan, and more.

Benefits

Health Insurance

Dental Insurance

Disability Insurance

401k Plan with Company Match

Group Term Life Insurance

Qualifications

• 3-5+ years experience in General Casualty underwriting.
• Excellent negotiation and analytical skills required.

Responsibilities

• Manage and expand a portfolio of accounts.
• Perform underwriting analysis and maintain concise files.

Skills

General Casualty Underwriting

Negotiation Skills

Analytical Skills

Microsoft Office Suite

Communication Skills

Attention to Detail

Time Management

Education

University Degree

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

Microsoft PowerPoint

Job description

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Job Description - Underwriter/Sr. Underwriter, Excess Casualty Division (2500002B)

Description

The Underwriter or Senior Underwriter, General Casualty, is responsible for supporting a book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, managing and growing their portfolio of business, adhering to proper underwriting discipline/guidelines, marketing, and assisting in servicing existing and potential wholesale clients.

Job Duties and Responsibilities:

1. Execute the business plan for the development, management, and expansion of a portfolio of accounts
2. Prioritize and evaluate submissions to identify those accounts that offer the greatest profit opportunity in line with the business plan and corporate profit goals
3. Perform underwriting analysis following Allied World (US) General Casualty guidelines
4. Develop and recommend account pricing, structure, terms, and conditions, reviewing these with underwriting staff
5. Exercise proper underwriting pricing and discipline, ensuring compliance with guidelines, systems, and procedures, and document referrals
6. Maintain concise underwriting files consistent with company best practices
7. Delegate and supervise tasks with Account Coordinators
8. Focus on marketing to wholesale brokers within an assigned territory
9. Attend client/broker meetings, lunches, dinners, and social outings as applicable
10. Participate in industry conferences and seminars as appropriate
11. Liaise with brokers, internal auditors, Claims, Accounting, IT, and Legal departments as needed
12. Report to underwriting manager regarding submissions and portfolio content

Qualifications

Compensation

The annual base pay range is broad, based on market analysis. Actual pay may vary based on factors such as role complexity, location, experience, skills, education, and other employment conditions. The base salary is part of Allied World’s comprehensive reward package, which may include incentives.

$80,000 - $130,000

Qualifications:

• University degree
• 3-5+ years experience in General Casualty underwriting
• Excellent negotiation and analytical skills
• Proficiency in Microsoft Office Suite (Excel, Word, Outlook, PowerPoint)
• Excellent written and verbal communication and interpersonal skills
• Strong attention to detail and quantitative skills
• Ability to work independently in a fast-paced, high-pressure environment
• Ability to meet deadlines and prioritize tasks
• Willingness to work outside normal hours as needed
• Willingness to travel for client meetings and broker visits within the assigned region

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, is a global provider of insurance and reinsurance solutions, operating under the brand Allied World since 2001. It is a subsidiary of Fairfax Financial Holdings Limited, with a worldwide network of affiliates. Our solutions are designed to anticipate changing trends, and our teams focus on building long-term mutually beneficial relationships. Learn more at www.awac.com.

Our benefits include health, dental, disability insurance, a 401k plan with company match, and group term life insurance. Allied World is an Equal Opportunity Employer, considering all qualified applicants without discrimination based on protected characteristics.