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AmTrust Financial Services, Inc.
Underwriter II - Primary Casualty
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What they do
A Property or Casualty Underwriter is an insurance agent who initially inspects homes or rental properties (or other property to be insured) for conditions such as physical deterioration that pose a risk to the carrier.
$116,026 / year median in New Jersey
+4% projected growth
Job Description
Overview The Underwriter administers the underwriting and servicing of renewal accounts for brokers and producers assigned within the territory in compliance with company underwriting, authority, and pricing standards upholds the standards of the AmTrust organization. Responsibilities Analyzes, with the highest level of technical expertise and accuracy, exposures to loss, develops an adequate premium charge for the exposure, determine endorsements and exclusions to address loss exposures for the insurance contract, including developing manuscript wording appropriate to the risk. Achieves team/individual production and loss ratio goals with assigned agents / brokers through sound management and marketing. Works with the most complex issues concerning coverage, terms and conditions, etc. The underwriter continually analyzes premium and loss results of assigned agents / brokers; by state, major classes of business, etc. Oversees or handles policy maintenance items and other mid-term requests. As well as conducting midterm policy audits. Reviews endorsement requests and authorizes necessary changes to the policy. Reviews Loss Control reports and recommendations; collaborates with the agent / broker to ensure loss control compliance Travels to broker offices as required for training or marketing visits. Entertains clients visiting the Company as required. Assists with development of marketing ideas and strategies for Underwriting events and other marketing campaigns. Researches and develops new classes of business as directed. Researches market trends and competition. Assesses market viability, suggest form wording on endorsements and exclusions and supports rate changes based on global strategy. Reviews individual risks with assigned brokers and either declines or accepts business based upon information necessary to make the decision. Qualifications Bachelor's degree from an accredited college or university. 5+ years of commercial lines property and casualty experience. Demonstrated experience with and expert technical knowledge of Excess Casualty coverage and risk selection, methods and pricing including demonstrated experience utilizing ISO Classifications. Demonstrated ability to interpret and analyze data and make an informed, calculated risk decision Ability to make sound contributions to tactical and strategic planning Ability to collaborate with individuals of various backgrounds within area of expertise