Job Description:

Job Objectives: 

The Assistant Vice President role on the General Casualty team is responsible for underwriting a complex book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of business, implementing proper underwriting discipline/guidelines, marketing and servicing of existing and potential clients.  

 

Job Duties: 

• Execute on a 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 

• University degree 


• Professional designation such as CPCU, ACII or similar preferred 


• At least 5-7 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 

 

 

 

Compensation 

 

The below annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below he listed range and determined by a number of considerations, including but now limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one compensation of Allied World comprehensive total reward package, which may also include annual incentive compensation rewards. 

 

$140,000 – 175,000 

 

Our Business 

 

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings, Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. 

 

We have 25 offices around the globe and serve over 53,000 clients worldwide. Allied World is a subsidiary of Fairfax Financial Holdings Limited, the seventh largest North American Re/Insurer by market capitalization, a company with $91Bn in total assets and $21Bn+ of stockholder equity.  

 

Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance. Allied World is an Equal Opportunity and Affirmative Action Employer.  All qualified applicants will be considered for employment without regard to an individual's race, color, national origin, religion or belief, sex, gender, gender identity, age, genetic information, marital or civil partnership status, family status, sexual orientation , military, veteran status, disability or any other characteristic protected by law. 

 

To learn more, visit awac.com, or follow us on Facebook at facebook.com/alliedworld and LinkedIn at linkedin.com/company/allied-world. 

 

 

Apply Now