JOB SUMMARY

As part of a two person underwriting team, handle approximately half the production and underwriting of a regional domestic USA E&S general property portfolio offering capacity on both primary and/or excess layer participations.  Must possess a clear ability and comprehension on the fundamentals of property damage and business interruption coverages including primary and excess of loss pricing and reinsurance techniques. Expectation is to manage the total business environment related to the production, development, underwriting, expense control and profitability of the individual accounts handled via the implementation of company underwriting discipline/guidelines, marketing plans and servicing standards for existing and potential clients.  Responsible for interfacing with all modeling, actuarial, service administration, management and claims staff as necessary to conduct the Chicago property business of AWAC in a professional manner.

 RESPONSIBILITIES

• Prioritization and evaluation of new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.
• Price and analyze coverage, structure and exposures on individual risks.
• Set appropriate terms and conditions per the Company underwriting strategy and guidelines to quote qualified risks.
• Authorize quotes/binders/invoices as appropriate.
• Attend client/broker meetings, lunches, dinners and other social outings as applicable.
• Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.
• Expand existing portfolio of business by developing existing relationships and new prospective clients.
• Complete Cat Modeling requirements for rate development in PROFIT rating tool prior to quotation.
• Review and monitor monthly accumulation reports from catastrophe department.  Amend cat limits offered and sold to ensure AWAC Chicago office stays within the pre-determined aggregate for limits sold in critical catastrophe zones as defined internally. Use RMS output, AAL results, and PROFIT rating tool to ensure sufficient premium is generated on catastrophe exposure to satisfy minimum corporate premium metrics.
• Coordinate production underwriting activity with the Chicago Branch Manager, BDM and the VP of property regarding traveling/marketing and target production plans.
• Liaise closely with Account Coordinators and modeling team to ensure information is input correctly into in-house systems in an accurate and timely manner.
• Conduct individual account underwriting audits as needed.
• Assist in quarterly review with Property VP of the Chicago property portfolio against original budgeted projections..
• Complete underwriting referral applications for risks outside of your authority for higher level approval as necessary.

• Undergraduate, Insurance or advanced degree preferred.
• At least 7 years property underwriting experience; with at least 2 years supervisory experience.
• Significant experience with USA Primary Property E&S market.
• Established relationships with major wholesale and retail producers.
• Strong negotiation skills.
• Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint).
• Excellent communication (both written and verbal) skills.
• Competence with Catastrophe modeling technology, specifically RMS.
• Ability to plan strategically and prioritize workload to meet production and management objectives.

About Allied World Assurance Company

Our generous benefits package includes: Health and Dental Insurance, 401k & ESPP plans, and Group Term Life Insurance.  Allied World Assurance Company Holdings, AG, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and Fitch.  Allied World Assurance Company, U.S. Inc. is an Equal Opportunity Employer.