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Allied World · 4 months ago

AVP/VP, Excess Casualty

Los Angeles550 S. Hope Street

Full-time

Onsite

Senior Level, Lead/Staff

$150K/yr - $200K/yr

10+ years exp

Allied World is a global provider of insurance and reinsurance solutions, and they are seeking an AVP/VP of Excess Casualty. The role involves underwriting a complex book of business, managing a portfolio, and ensuring profitability while developing relationships with clients and brokers.

FinanceFinancial ServicesInsurance

Growth Opportunities

Responsibilities

Execute the business plan for the development, management and expansion of a portfolio of accounts

Prioritize and evaluate submissions in order to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives

Review and analyze underwriting submissions, slips and contracts

Price and analyze coverage, structure and exposures

Set appropriate terms and conditions following the Company business strategy to quote selected risks

Evaluate terms and structures in conjunction with Actuarial staff to meet corporate profitability targets

Authorize quotes/binders/invoices as appropriate

Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures

Negotiate with brokers and clients for new and renewal business

Attend client/broker meetings, lunches, dinners and other social outings as applicable

Attend important industry conferences and seminars as appropriate

Liaise with brokers, internal auditors and Claims, Accounting, IT and Legal departments as appropriate

Expand existing portfolio of business by developing existing relationships and new prospective clients

Maintain overview of markets and industry developments through traveling, attending market conventions and seminars and other means to optimize the underwriting and portfolio strategy

Supervise underwriting assistants and associate underwriters to ensure information is inputted into the in-house system in an accurate and timely manner

Conduct pre-quote and mid-term underwriting audits as needed

On a quarterly basis review the development of the portfolio against original projections

Periodic reporting to manager regarding submissions and current portfolio content

Qualification

Underwriting experienceCPCU certificationNegotiation skillsMicrosoft Office SuiteRelationship managementQuantitative skillsDeadline managementCommunication skillsAttention to detail

Required

4-year college degree

10-15 years underwriting experience

Established relationships with brokers/markets/companies

Successful track record in developing and maintaining reinsurance placements

Excellent negotiation skills

Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint)

Excellent communication (both written and verbal) and interpersonal skills

Strong attention to detail and quantitative skills

Ability to work to deadlines and prioritize tasks

Ability and willingness to work outside normal office hours as required

Preferred

Professional designation such as CPCU, ACII or similar

Benefits

Health, Dental and Disability Insurance

A company match 401k plan

Group Term Life Insurance

Company

Allied World

About Allied World Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions.

Founded in 2001

Hamilton, Hamilton, BMU

1001-5000 employees