AVP, Underwriting - Excess Casualty

About the position

The Underwriter's primary responsibility is to underwrite individual risks through a demonstration of various skills and abilities. This includes understanding the fundamentals of coverage, terms, and conditions, and the ability to offer coverage that generates profit for the company while meeting customer needs. Additionally, the role requires risk assessment capabilities, financial proficiency, and an understanding of actuarial fundamentals. Marketing and communication skills are also essential for negotiating and achieving profitability, along with the ability to utilize necessary systems and software programs for daily operations.

Responsibilities

• Underwrite individual risks by demonstrating knowledge of coverage, terms, and conditions.
• Identify risk exposures, special or common hazards, and appropriate controls.
• Select risks based on exposure and risk analysis.
• Analyze claims and quantify losses.
• Understand financial statements and ratios used in risk analysis.
• Understand the impact of underwriting decisions on company assets and credit risk.
• Understand loss trends, loss triangles, and ratemaking.
• Quantify risk based on experience history and forecasting methods.
• Sell and negotiate to achieve bottom line profitability for the company.
• Make presentations and communicate effectively with stakeholders.
• Manage producer strategy.

Requirements

• Strong understanding of coverage, terms, and conditions in underwriting.
• Ability to assess and identify risk exposures and hazards.
• Proficiency in analyzing claims and quantifying losses.
• Understanding of financial statements and ratios relevant to risk analysis.
• Knowledge of insurance financial fundamentals and credit risk.
• Ability to understand actuarial concepts such as loss trends and ratemaking.
• Strong marketing and communication skills for negotiation and presentations.
• Proficiency in using systems and software programs for underwriting.