Aspen Insurance Group · 1 day ago
AVP, Excess Casualty Underwriter
Chicago, IL
Full-time
Onsite
Senior LevelAspen Insurance Group is seeking an AVP, Excess Casualty Underwriter to underwrite high value and complex risks in line with their business plan. The role involves managing underwriting performance, developing sustainable products, and ensuring compliance with legal and regulatory requirements.
Insurance
Hiring Manager
Lucy Healy
Responsibilities
Contributes to functional strategy development and prioritizes the operational deliverables and activities of team to support delivery of overall business targets
Manages tactical plan and provides support to others to achieve positive results for the business in line with strategy
Monitors and manages underwriting service performance to ensure control of, and reliable prediction of underwriting cost and frequency
Develops and implements processes to ensure that the underwriting function is aligned to the needs of the class of business and works closely with underwriters and other business functions
Maintains underwriting quality assurance systems to ensure effective control and delivery of robust underwriting processes
Adheres to underwriting standards, instructions and good practice to minimize risk and maximize efficiency
Ensures the recording and measurement of insurance risks, including DUA’s where relevant, to ensure accuracy and good practice
Understands and complies with any reinsurance requirements to minimize risk and to deliver business plan objectives
Works with key stakeholders/business managers to develop sustainable underwriting products and services to attract and retain customers and increase profitability
Establishes and strengthens strong relationships with stakeholders including customers, brokers, business partners and colleagues, to maximize influence, support their needs and achieve business objectives
Demonstrates understanding and awareness of market dynamics and market cycle to drive and enhance business performance
Performs complex underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
Acts as a technical expert to support the identification of issues and opportunities within area of expertise
Produces reports on existing and new underwriting issues and any ad-hoc reports to provide accurate management information
Identifies and evaluates potential improvements to maximize the use of technology
Manages and supports specific operational team(s) within own function / department or specialism to ensure that people, resources and processes are aligned with business needs and fit for purpose
Manage, resource, motivate, develop and focus the team(s) to ensure the required standards of performance and support the continuing personal and professional development of all team members
Manage appointment, dismissal, performance management and reward of the team(s) to effectively manage resources within the function
Establish clear accountabilities and authority levels for direct reports and build a strong culture of accountability and performance in order to ensure delivery of goals
Qualification
Required
Thorough knowledge of relevant market conditions for specific class/portfolio
Good knowledge of relevant Aspen underwriting systems
Thorough knowledge of Aspen's underwriting strategy and how this translates into operational targets and delivery
Good knowledge of Reinsurance and Expected Profitability Analysis (EPA) requirements
Strong knowledge of legal and regulatory requirements (specific reference to FCA / Lloyds regulation)
Strong understanding of the reinsurance strategy affecting portfolio
Strong knowledge of Aspen underwriting process and procedures including EPA's
Strong level of numeracy and literacy skills
Able to manage conflicting priorities to achieve deadlines
Able to plan effectively and efficiently
Strong customer orientation skills
Ability to collaborate effectively within a team environment
Strong analytical skills
Strong interpersonal and communication skills
Strong negotiating skills
Ability to analyze data and use for decision-making
Strong attention to detail
People management – ability to engage and lead a team
Proficient in relevant software, including MS Office applications e.g. Excel as well as other departmental software packages
Able to work independently
Project management
Change management
Resource and budget management
In depth experience of working in an underwriting environment within a specialized/complex underwriting area
Specific professional qualifications at degree level or equivalent
Qualified within own professional discipline, with significant post-qualification work experience within related environments and specialist function
Associate of Chartered Insurance Institute (or equivalent)
Experience of successfully supporting technical and operational strategy
Experience of managing underwriting teams/resources
Experienced in the use of risk profiling and pricing tools and loss models
Strong established customer/broker relationships
Company
Aspen Insurance Group
In a complex world, Aspen (NYSE: AHL) provides the clarity to see risks as opportunities, not fears.
Founded in 2002
1001-5000 employees
H1B Sponsorship
Aspen Insurance Group has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2022 (1)
2020 (1)
Funding
Current Stage
Late StageLeadership Team
Brian Tobben
CEO, Capital Markets
Yelena La Forgia, CPA
SVP, Chief Financial Officer, Aspen Insurance and Aspen U.S.
Company data provided by crunchbase