AmTrust Financial Services

Senior Underwriter - Builders Risk

AmTrust Financial Services$96K — $140K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years of Builders Risk underwriting experience.
  • BA/BS degree preferred; equivalent experience acceptable.
  • CPCU or related Insurance Designations preferred.
  • Experience with online underwriting and broker portals.
  • Strong understanding of construction methodologies and natural catastrophe risks.
  • Skilled in Builders Risk policy wording development.
  • Knowledge of commercial Excess and Surplus lines.

Responsibilities

  • Develop new business opportunities and manage broker relationships.
  • Analyze risk pricing, exposures, and claims experience for new accounts.
  • Achieve financial performance targets for individual portfolios.
  • Collaborate on corrective actions based on risk characteristics.
  • Maintain a library of Builders Risk forms and endorsements.
  • Handle policy maintenance and mid-term requests.
  • Stay updated on legal and regulatory changes affecting the role.

Benefits

  • Medical & Dental plans.
  • Life insurance coverage for eligible spouses & children.
  • Health Care and Dependent Care Flexible Spending Accounts.
  • 401k Savings Plans with company contributions.
  • Paid Time Off for work-life balance.
Full Job Description
Overview

AmTrust E&S Insurance Services is seeking a Senior Underwriter for our Builders Risk division. This underwriting position is designed for an individual with a minimum of 5 years of underwriting experience in Builders Risk.

With this opportunity, you will underwrite and manage a portfolio of hard-to-place risks with tougher exposures considered unique or challenging in accordance with AmTrust E&S guidelines, strategy and profitability standards. The person in this position is responsible for new business development, risk analysis and assessment, coverage evaluation, endorsement wording development, pricing and contract negotiation to maintain and develop a profitable portfolio of non-admitted risks.

This role follows a hybrid work model, requiring 4 days per week on-site and 1 day remote.

To support team collaboration and business needs, preference will be given to candidates who can work in a hybrid capacity from one of our approved office locations listed below.

 

Eligible Office Locations:

· Texas: Dallas

· Georgia: Alpharetta

· Illinois: Chicago

· Arizona: Scottsdale

· Massachusetts: Boston

· New York: New York City, Melville, Latham

Responsibilities

· Build and maintain a solid flow of new business opportunities, identifying opportunities for growth within new and existing production sources. Position has direct responsibility for broker development and management within a book of business.

· Develop risk pricing by analyzing exposures, claims experience, utilizing pricing tools and worksheets, comparison to similar risks, as well as experience in underwriting exposures pertaining to individual risks, for new accounts within assigned portfolio and authority level.

· Consistently achieve budgeted financial results (premium, loss ratio, retention, commissions, pricing, new business, premium collection, and expense management) as established for individual portfolios.

· 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.

· Develop and maintain library of Builders Risk forms, endorsements and manuscript wordings.

· Oversee or handle policy maintenance items, extensions and other mid-term requests.

· Ensure compliance with underwriting strategies and regulatory requirements.

· Remain current on legal and regulatory changes and claim development to contribute to unit product development and portfolio decisions.

· Provide responsive service to brokers by delivering timely and accurate quotes and endorsements.

· Travel to broker offices as required for training or marketing visits.

Qualifications

· Minimum of 5 years of Builders Risk underwriting experience

· BA/BS degree strongly preferred, or equivalent in experience

· CPCU or other related Insurance Designation(s) preferred

· Prior experience leveraging online underwriting and broker portals to support digital distribution strategies while building and maintaining strong, relationship-based partnerships with brokers at a regional and/or national level.

· Strong understanding of construction methodologies, project timelines, delay in completion exposures and Natural Catastrophe risks

· Highly experienced and skilled in Builders Risk policy wording development and review

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

· Able to understand and execute strategic priorities including pricing strategy, agent strategy, rate strategy, underwriting appetite, limit management and mix of business.

· Strong knowledge of the E&S external market and demonstrated marketing and business development experience within the wholesale distribution channel.

 

The expected salary range for this role is $96,400-$140,000/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.

 

 

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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.

 

About AmTrust Financial Services

AmTrust Financial Services, Inc. is a multinational property and casualty insurance company. The company provides coverage for small businesses, workers' compensation insurance, extended warranty coverage, specialty risk and extended warranty coverage, and other insurance products. AmTrust Financial Services, Inc. was founded in 1998 and is headquartered in New York City. The company is publicly traded on the NASDAQ stock exchange under the ticker symbol AFSI.
Learn more about AmTrust Financial Services
Size
8,000 employees
Industry
Founded
1998

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