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Senior Underwriter
2 months ago
Job Title: Senior Underwriter
Job Summary:
We are seeking a highly skilled Senior Underwriter to join our team at Allied World Assurance Company Holdings. As a Senior Underwriter, you will be responsible for underwriting a diverse book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals.
Key Responsibilities:
- General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions.
- Authorising of quotes and invoices in accordance with company guidelines.
- Responsible for timely and correct issuance of bound polices. Crafting of wordings and endorsements for authorisation by legal.
- Perform extensive account analysis according to underwriting guidelines which to include thorough review of underwriting application/submission, research, reviewing requested terms and conditions including underlying policy forms when issuing on a follow-form basis, liaising with other Company departments to establish full understanding of risk exposures and completion of underwriting worksheet.
- Active role in the development of business in Global Markets, exploring opportunities and marketing within the London Market and abroad as required.
- Liaise with actuarial support to develop premium benchmarking and pricing models, with development of account pricing/recommendations
- Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability
- Stay current with respect to major market and industry issues and developments
- Relationship management - external, via attendance at key, relevant client/broker meetings, and other social outings as applicable.
- Corresponding with brokers with respect to outstanding information pursuant to binding.
- Ensuring receipt of and review of outstanding information (including underlying/followed policies) to ensure consistency with the terms and conditions agreed at binding.
- Delegation (and supervision) of work to Underwriting Operations Assistants or Assistant Underwriters as deemed appropriate; responsible for the professional development and training of assigned team members.
- Supporting the departmental Vice President in setting strategic goals, setting budgets and producing regular Management Information
- Other duties as may be assigned
Requirements:
- Ideally, graduate-level individual with professional insurance qualification, ACII, already obtained.
- Engineering degree (civil or mechanical engineer) would be preferable.
- Required 5+ years demonstrable experience underwriting major international construction projects, with expertise and in-depth working knowledge of standard market wordings and endorsements.
- Must be highly articulate, with exceptional communication and interpersonal skills – required for significant liaison with clients and brokers including delivering effective presentations and building strong working relationships
- Strong marketing and business development capability – commercial acumen; ability to influence and negotiate to various levels of seniority, internally and externally
- Highly computer literate, with an advanced level proficiency using an underwriting system. Knowledge of Genius and Open Box is a distinct advantage.
- Methodical approach to work, strong organization skills; capable of dealing with tight reporting deadlines and conflicting priorities; attention to detail.
- Overall, team player with collaborative outlook – acting as a role model for more junior members of the team.
- Language skills: fluent in English.Other languages would be beneficial.