Assistant Vice President Underwriter - Manchester, United Kingdom - Allied World Assurance Company

Allied World Assurance Company

Verified Company

Manchester, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

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Description

Assistant Vice President Underwriter, Europe General Casualty Division
-
(2400000W
)

Description

Description of the role:

This position is responsible for underwriting a diverse book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of business within the appropriate underwriting discipline/guidelines, marketing and servicing of existing and potential insured's.

Duties and Responsibilities:

General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorisations.
Authorising of quotes, binders and invoices in accordance with company guidelines.
Responsible for timely and correct issuance of bound policies. Crafting of Endorsement wordings for authorisation by legal.
Providing direction to the Junior Underwriters and Underwriting Assistant in the timely processing of Policy/Endorsement wordings.
Perform referrals (as required) with SVP Casualty.
Maintenance of underwriting files in an orderly manner and in accordance with the underwriting guidelines. Including maintenance of all reporting systems for submissions and bound accounts, rate change modeling, bound account listing, submission log and reports as may be developed.
Seek input from Actuarial Department to price specific accounts when appropriate.
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 industry issues and developments.
Marketing — attend client/broker meetings, lunches, dinners and other social outings as applicable. Meet with key brokers regularly to discuss production, service and other topics relative to division operations. Attend important industry conferences and seminars as appropriate.
Other duties as may be assigned

Qualifications

7 + years experience underwriting Casualty business.
Strong marketing, negotiation and presentation skills.
The ability to work independently to drive profitable GWP growth.
Understand key P&L metrics and the impact on the portfolio.
Excellent knowledge and understanding of standard market policy and endorsement wordings.
Third level qualification.
Professional Insurance Designation such as ACII/ FCII desirable.
Organization skills and the ability to prioritize work.
Interpersonal skills and the ability to work within a team.
Strong verbal and written communication skills.

Primary Location:
GB-GB-Manchester

Job:
Underwriting

Schedule:
Full-time

Shift:
Day Job

Employee Status:
Regular

Job Type:
Standard

Job Posting:
Feb 20, 2024, 7:08:55 AM

Pay BasisYearly