What are the responsibilities and job description for the AVP/VP, Excess Casualty position at Allied World?
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
- 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
Salary : $150,000 - $200,000
