AmTrust Financial Services

Underwriter II - Primary Casualty

AmTrust Financial Services$66K — $110K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree from an accredited college or university.
  • 5+ years of commercial lines property and casualty experience.
  • Expert knowledge of Excess Casualty coverage, risk selection, methods, and pricing.
  • Proven ability to analyze data and make informed, calculated risk decisions.
  • Capacity for strategic input in planning processes.
  • Strong collaboration skills across diverse teams.

Responsibilities

  • Analyze exposures to loss and develop premium charges tailored to risks.
  • Meet production and loss ratio targets with agents/brokers via effective management.
  • Tackle complex coverage issues through ongoing analysis of premium and loss data.
  • Handle policy maintenance and conduct mid-term audits as needed.
  • Review endorsement requests and ensure compliance through loss control evaluations.
  • Engage in client-facing activities including training, marketing visits, and events.
  • Research market trends and develop new business classes as directed.

Benefits

  • Medical & Dental Plans
  • Life Insurance for eligible employees and their families
  • Health Care and Dependent Care Flexible Spending Accounts
  • 401k Savings Plans
  • Paid Time Off
Full Job Description
Overview

TheUnderwriter 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
  • Bachelors 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-$110,000/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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