What are the responsibilities and job description for the Vice President, Underwriting - Transactional Risk position at AmTrust Financial?
| Requisition ID | JR1003583 | Category | Underwriting | Position Type | Regular Full-Time |
The purpose of this role is to support the implementation of our Transactional Risk strategies by contributing to business development and growth through cultivating relationships with all key stakeholders and making informed underwriting decisions to enhance the profitability of the portfolio. Key responsibilities involve generating new business and ensuring the overall profitability of the Transactional Risk Business.
- Identify and minimize risks through due diligence and escalation of issues when necessary.
- Review and analyze detailed financial statements, purchase agreements and transaction documents
- Negotiate policy terms, conditions and pricing with clients and brokers
- Stay current with market trends, emerging risks and evolving regulatory landscapes
- Mentor junior underwriters to ensure efficient team performance.
- Comply with legal and regulatory requirements.
- Contribute to recording and measurement of insurance risks.
- Establish and maintain relationships with key stakeholders.
- Assist with improvements in underwriting practices.
- Research and obtain market intelligence to enhance profit goals.
- Contribute to special projects and business initiatives.
- College Degree Required (Finance or Economics preferred)
- Advanced degree or professional certification (JD, MBA, CFA, CPCU) a plus
- Minimum - 3-5 years experience in: transactional risk, mergers and acquisitions or financial services risk assessment
- Strong excel and data analytics skills
- Strong negotiation and communication abilities
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AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.
AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.
AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.
