Executive Underwriter - Environmental at AmTrust Financial Services in New York, NY

Job description

Overview Our Environmental underwriting department is seeking an Executive Underwriter to join our growing team. The Environmental team delivers significant value to our wholesale brokers by providing them with an underwriting capability for higher hazard General Liability, Pollution, and Excess insurance needs that are best addressed on an individual risk basis. With this opportunity, you will underwrite and manage a portfolio of GL/Pollution risks with tougher exposures considered unique or challenging in accordance with AmTrust Environmental guidelines, strategy and profitability standards. The person in this position is responsible for new business development, risk analysis and assessment, coverage evaluation, pricing and contract negotiation in order to maintain and develop a profitable portfolio of Environmental Casualty business. Position requires advanced risk assessment skills with minimum of 15 years industry experience, 10+ years in Environmental Casualty lines with specialized coverage and product knowledge for higher-hazard, complex risks, with a focus on manufacturing, distribution, and processing risks. Prior experience in the wholesale distribution channel is also required. Location The position is open to all AmTrust locations, however candidates located in New York, Chicago, Boston, Atlanta, or Dallas are preferred (hybrid work schedule) Responsibilities · Build and maintain a solid flow of new business opportunities, identifying opportunities for growth within new and existing production sources. Position has direct responsibility for broker development and management within a book of business. · Develop risk pricing by analyzing exposures, claims experience, utilizing pricing tools and worksheets, comparison to similar risks, as well as experience in underwriting exposures pertaining to individual risks, for new accounts within assigned portfolio and authority level. · Consistently achieve budgeted financial results (premium, loss ratio, retention, commissions, pricing, new business, premium collection, and expense management) as established for individual portfolios. · Supports the achievement of continued profitability, growth and/or operational efficiencies for a product line through assessment of competitor product offerings and market appetite · Remain current on legal and regulatory changes, claim development and emerging exposures/issues to contribute to unit product development and portfolio decisions. · Collaborates with Underwriting, Legal and Claims to drive product development strategies and initiatives supporting business objectives and ensuring product modernity/competitiveness · May take lead responsibility for position papers for emerging exposures/ issues when assigned. · Identify and take corrective action and/or collaborate with the appropriate area within the organization based on individual risk characteristics identified through broker reviews, large loss analysis, risk control, etc. · Coaches, leads and develops underwriters and directs the development of coverage and associated exposure training. Qualifications · 15+ years industry experience, 10+ years in Excess and Surplus lines with specialized coverage and product knowledge for higher-hazard, complex risks, with a focus on manufacturing, products liability, distribution, and processing. · BA/BS degree strongly preferred, or equivalent in experience · CPCU or other related Insurance Designation(s) preferred · Knowledge of Environmental Casualty risk, classification, pricing and coverage options with adherence to applicable statutory compliance issues and corporate guidelines. · Able to understand and execute to strategic priorities including; pricing strategy, agent strategy, rate strategy, underwriting appetite, limit management and mix of business. · Strong knowledge of the Environmental Casualty external market and demonstrated marketing and business development experience within the wholesale distribution channel. · Must have