Senior Underwriter - Builders Risk
amtrustChicago, IL
$96,400-$140,000/year
Apply now (opens in a new tab)Senior Underwriter - Builders Risk
L5
amtrustChicago, IL49 days ago
$96,400-$140,000/year
Industries
Direct Property and Casualty Insurance CarriersAll Other Insurance Related ActivitiesInsurance Agencies and BrokeragesOverview:
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.#LI-MM1What We OfferAmTrust 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. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. 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.
Job Summary
Requisition ID: JR1005842Category: Underwriting
Position Type: Regular Full-Time
Apply now (opens in a new tab)
Level
SeniorL5
Salary
$96,400-$140,000/year
Location
Chicago, IL
Occupation
Insurance Underwriters
Industry
Direct Property and Casualty Insurance Carriers
Posted
49 days ago
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