Sr. Underwriter/AVP, Casualty Reinsurance at Allied World in New York City, New York

Job Description:

Job Objectives:

Responsible for underwriting a reinsurance portfolio for Casualty and Professional Liability lines of business by employing the methods described within the Global Reinsurance Underwriting Guidelines and Business Unit Underwriting Guidelines.  Responsibilities include underwriting reinsurance submissions, marketing to brokers and clients, performing underwriting audits, interacting internally with Actuarial, Legal and Claims staffs as necessary to meet projected profitability, GWP, and expense goals.    

Duties and Responsibilities: 

• Prioritize and evaluate treaty submissions to identify those treaties and structures that provide opportunity for profit consistent with the business plan.


• Work with actuarial team to determine the optimal price and structure for new and renewal treaty business.


• Manage and develop broker and client relationships.


• Negotiate treaty terms, conditions and participations with brokers and clients.


• Conduct underwriting audits.


• Review contracts to ensure wordings comply with underwriting guidelines and reflect intended terms and conditions.


• Coordinate underwriting activities with Claims, Accounting and Legal departments as necessary.


• Ensure compliance with underwriting and administrative guidelines and procedures.

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.

$90,000 - $135,000

Requirements:

• Bachelor’s degree preferably in Accounting, Finance or Risk Management


• Insurance industry designations such as CPCU, ARe, RPLU


• 2-5 years underwriting experience.


• Excellent negotiation and documentation skills.


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


• Excellent verbal, written and interpersonal skills.


•  Strong attention to detail and quantitative skills.


• Ability to prioritize tasks and meet deadlines.


• Ability and willingness to work outside normal office hours and travel as required.

About Fairfax

Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. 

About Allied World

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 we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial. Learn more about how we can help you manage your risk by visiting: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: https://www.linkedin.com/company/allied-world 

Our generous benefits package includes: Health and Dental Insurance, 401k plan, and Group Term Life Insurance.  Allied World Insurance Company 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, age, genetic information, marital or civil partnership status, family status, sexual orientation, gender identity, or their protected veteran or disability status.  Please visit www.awac.com for further information on Allied World.