VP or AVP, Casualty Reinsurance

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.

We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.

Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

The work pattern for this job is Remote

The minimum and maximum salaries for this job role are below:

Minimum Salary - 171,200.00

Maximum Salary - 214,000.00

The Role:

Aspen is searching for a seasoned VP or AVP of Casualty Treaty Lines Underwriting. This role is an exciting opportunity to underwrite all lines of Casualty business. If you have a broad skillset underwriting Casualty Treaty, strong data/analytical and negotiation skills, enjoy being part of a collaborative team, and are eager to partner in a global Casualty portfolio mindset, this could be your next career move!

This role will give you the:

• Opportunity to translate business planning and growth appetite into market-facing/client centric and analytical opportunities

• Chance to develop a portfolio segment to appropriately conduct underwriting analysis on new and existing reinsurance business.

• Role can be at the Level VP or AVP depending on experience (depth, breadth, and years)

You will play a pivotal role in applying specific expertise to help inform and deliver the future direction of our US reinsurance strategy. You will be acting as a senior technical and client-facing expert, who thrives on evaluating and executing on high value/highly complex transactions (making decisions within authority limits, underwriting governance, and controls). Your ability to make high value/highly complex underwriting decisions will be crucial in ensuring that compliance, effectiveness, and risk management is optimized.

Key Accountabilities:

• Underwrite a portfolio of casualty clients within our stated risk appetite and business plan

• Be a senior technical and client-facing expert and designated point contact for others within the function.

• Will be proactive in providing advice and guidance to colleagues, making appropriate decisions and promoting improved understanding of functional needs and standards.

• Work closely with leads in support functions to influence development and improvement of policy/processes/systems

• Accountable for adhering to Underwriting governance, functional activity, and application of Policy and Procedures, to ensure that compliance, effectiveness, and risk management is optimized

• Act as a senior technical expert will represent the function by providing support and technical input to project teams and other areas of Aspen to ensure solutions take account of functional needs

• Represent interests by engaging with internal groups and external bodies, participate in industry forums and corporate level initiatives

• Collaborate with colleagues in the preparation of presentations and supporting documentation for external release

• Work closely and proactively with our Actuarial, Claims, Reinsurance Operations teams to drive GWP, GEP, Loss Ratios, Expenses, and Underwriting profit

• Networks internally and externally to promote the interests of Aspen and learn from best practice.

• Oversee the review and analysis of the portfolio/product line to identify progress towards business objectives

• Make high value/highly complex underwriting decisions in relation to the entire portfolio or product line

Skills and Requirements:

The ideal candidate will bring knowledge of relevant market conditions for specific class/portfolio, deep knowledge of underwriting strategy, technical expertise in risk profiling, pricing tools and loss models. Your excellent interpersonal and communication skills will enable you to effectively negotiate and manage conflicting priorities. Your proficiency in MS Office applications coupled with your sound decision-making abilities will set you apart.

• Thorough knowledge and experience of underwriting strategy and technical understanding (Level C, VP level would have 10 plus years and AVP level 5-10 plus years.)

• Extensive knowledge of relevant market conditions for specific class/portfolio including insight into market analysis and key players that are relevant to the region of operation

• Experience in risk profiling, pricing tools and loss models

• Technical understanding of the reinsurance strategy affecting portfolio/product line

• Technical expertise and knowledge in relation to legal and regulatory requirements (specific reference to FCA/Lloyd’s regulation)

• Excellent interpersonal and communication skills

• Strong negotiation skills

• Proficient in MS Office applications

• Ability to manage conflicting priorities to achieve deadlines

• Sound decision making based on evidence

• Project and Change Management

At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.

Nearest Major Market: Bridgeport
Nearest Secondary Market: Danbury