What are the responsibilities and job description for the Vice President position at Amynta Group?
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Vice President (VP)-Underwriting is responsible for producing, underwriting, managing and retaining profitable business for the company. The primary objective of the VP-Underwriting is to underwrite, maintain and grow the Ambridge portfolio in accordance with the business plan, strategy, authority levels, company policy and regulatory environment for a specific product and / or line of business.
VP-Underwriting reports directly to the Senior Vice President (SVP) with shared responsibility for the underwriting performance for the respective product line at Ambridge. Working in conjunction with the SVP, VP-Underwriting is expected to plan and implement activities within their team to ensure Ambridge meets its underwriting business objectives.
Underwriting
- Provide advanced technical expertise with service of new and existing clients through cross-selling opportunities, account development, execution of client requests and problem solving in accordance with the objectives and procedures based on Ambridge's core values and standards.
- Manage the entire underwriting cycle for individual accounts and assist in the preparation of and calculation of underwriting figures for input into the Business Plan.
- Lead and provide guidance to other team members in the development and successful completion of individual and departmental goals in the open brokerage book; liaise consistently with SVP on progress and performance of other team members.
- Review evaluations of relevant underwriting and risk information; further communicate findings and analysis to senior management.
- Initiate pricing discussions on new and renewal accounts; liaise with Actuarial and management to ensure pricing approach is competitive yet profitable.
- Ensure that business is being carried out within underwriting capacity.
- Continuously review portfolio for exposures and pricing adjustments. Develop recommendations for changes to portfolio and pricing that align with the overall strategy and risk appetite of Ambridge.
- Work with SVP to continually update underwriting philosophy and coverage endorsements to respond to marketplace demands and loss trends.
- Participate in, debate and discuss accounts at Peer Review meetings; initiate and develop solutions as issues arise.
- Identify and raise issues with in-force accounts / risks; using best judgement, liaise with a variety of other disciplines including claims, legal and / or loss control on issues; recommend solutions to ensure risks are mitigated or referred to management.
- Advise clients on policy coverages and policy contract wording.
- Ensure that all submissions are written within regulatory guidelines.
- Participate in discussions on risks written by other offices within Ambridge.
Business Planning / Management Information
Marketing
Operational
Decision Making Responsibilities
The Amynta Group (the “Company”) is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of any ground of discrimination protected by applicable human rights legislation. The information collected is solely used to determine suitability for employment, verify identity and maintain employment statistics on applicants.
Applicants with disabilities may be entitled to reasonable accommodation throughout the recruitment process in accordance with applicable human rights and accessibility legislation. A reasonable accommodation is an adjustment to processes, procedures, methods of conveying information and / or the physical environment, which may include the provision of additional support, in order to remove barriers a candidate may face during recruitment such that each candidate has an equal employment opportunity. The Company will accommodate a candidate to the point of undue hardship. Please inform the Company's personnel representative if you require any accommodation in the application process.
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