Vice President, Underwriting - Transactional Risk

AmTrust Financial Services; Morristown (NJ); On-site; USD 70,000 - 110,000; Full time

Job summary

An established industry player seeks a Transactional Risk Underwriter to drive business development and enhance profitability through informed underwriting decisions. This role involves evaluating financial statements, negotiating with clients, and mentoring junior staff. The ideal candidate will possess strong analytical skills and financial knowledge, ensuring compliance with regulations and contributing to improvements in underwriting practices. Join a forward-thinking company that values diversity and offers excellent career advancement opportunities, making a significant impact in the financial services sector.

Benefits

Medical & Dental Plans

Life Insurance

401k Savings Plans

Paid Time Off

Qualifications

• 3-5 years experience in transactional risk or financial services risk assessment.
• Strong Excel skills and analytical abilities required.

Responsibilities

• Review and price business while adhering to underwriting guidelines.
• Negotiate policy terms and maintain relationships with stakeholders.

Skills

Analytical Skills

Negotiation Skills

Communication Skills

Data Analytics

Financial Knowledge

Education

College Degree in Finance or Economics

Advanced Degree (JD, MBA, CFA, CPCU)

Tools

Excel

Job description

Overview

The purpose of this role is to support the implementation of our Transactional Risk strategies by contributing to business development and growth through cultivating relationships with all key stakeholders and making informed underwriting decisions to enhance the profitability of the portfolio. Key responsibilities involve generating new business and ensuring the overall profitability of the Transactional Risk Business.

Responsibilities

• Review, evaluate and price business by applying underwriting judgment and adhering to guidelines.
• Identify and minimize risks through due diligence and escalation of issues when necessary.
• Review and analyze detailed financial statements, purchase agreements and transaction documents.
• Negotiate policy terms, conditions and pricing with clients and brokers.
• Stay current with market trends, emerging risks and evolving regulatory landscapes.
• Mentor junior underwriters to ensure efficient team performance.
• Comply with legal and regulatory requirements.
• Contribute to recording and measurement of insurance risks.
• Establish and maintain relationships with key stakeholders.
• Assist with improvements in underwriting practices.
• Research and obtain market intelligence to enhance profit goals.
• Contribute to special projects and business initiatives.

This position requires exceptional analytical skills, deep financial knowledge, and the ability to structure sophisticated insurance solutions for high-value corporate transactions.

Qualifications

• College Degree Required (Finance or Economics preferred).
• Advanced degree or professional certification (JD, MBA, CFA, CPCU) a plus.
• Minimum - 3-5 years experience in: transactional risk, mergers and acquisitions or financial services risk assessment.
• Strong Excel and data analytics skills.
• Strong negotiation and communication abilities.

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.