AVP/VP, Excess Casualty Underwriting

Job Objectives:

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 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
• Lead underwriters to 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 market 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