Job Objectives:

Allied World has an exciting opportunity for an Assistant Vice President, General Casualty, in our New York City office.  This position will be responsible for underwriting a complex book of business, employing the methods necessary to meet projected profitability, GWP, and expense goals, management and growth of the overall portfolio of business, implementing proper underwriting discipline/guidelines, marketing and servicing of existing and potential clients. 

Duties and Responsibilities:

• Execute the business plan for the development, management and expansion of a portfolio
• Prioritize and evaluate submissions in order to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives
• Evaluate terms and structures in conjunction with Actuarial staff to meet corporate profitability targets
• Conduct pre-quote and mid-term underwriting audits as needed
• Evaluate and respond to special acceptance requests in a timely manner
• On a quarterly basis review the development of the portfolio against original projections
• Work with clients to develop new insurance products
• Periodic reporting to senior underwriter regarding submissions and current portfolio content
• Review and analyze underwriting submissions, slips and contracts
• Set appropriate terms and conditions following the Company business strategy to quote selected risks
• Price and analyze coverage, structure and exposures
• Authorize quotes/binders/invoices as appropriate
• Attend client/broker meetings, lunches, dinners and other social outings as applicable
• Negotiate with brokers and clients for new and renewal business
• 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
• Monitor developments and cash-flow of bound contracts throughout period
• Liaise with brokers, internal auditors and Claims, Accounting, IT and Legal departments as appropriate
• Attend important industry conferences and seminars as appropriate
• Supervise underwriting assistants and associate underwriters to ensure information is inputted into the in-house system in an accurate and timely manner
• Work with senior management with respect to strategic and financial planning, budgeting, and monthly projections and reporting
• Referral contact for underwriting staff as necessary
• Prioritize and evaluate submissions in order to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives
• Evaluate terms and structures in conjunction with Actuarial staff to meet corporate profitability targets
• Conduct pre-quote and mid-term underwriting audits as needed
• Evaluate and respond to special acceptance requests in a timely manner
• Manage underwriting staff which includes, but is not limited to delegation of duties and special projects, performance and salary reviews, and training and development
• Coordinate the underwriting process and provide direction and leadership to team members
• Continually monitor the portfolio with particular attention paid to geographic areas that present catastrophic exposures
• Review portfolio analysis completed by the members of the underwriting team
• On a quarterly basis review PML analysis on portfolio and on the relevant book
• Continue to monitor and improve pricing methods and consistency
• Create and execute the business plan through interaction with senior management for the development, management and expansion of a portfolio
• Monitor the portfolio and report periodically to senior management with respect to growth, results and composition
• Maintain overview of markets and industry developments through traveling, attending market conventions and seminars and other means to optimize the underwriting and portfolio strategy
• Establish underwriting guidelines and monitor terms, conditions and participations negotiated with brokers and clients
•  Evaluate and respond to underwriting referral requests in a timely manner

• University degree
• Professional designation such as CPCU, ACII or similar
• At least 5 years underwriting experience
• Established relationships with brokers/markets/companies
• Successful track record in developing and maintaining reinsurance accounts
• Excellent negotiation skills
• Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint)
• Excellent communication (both written and verbal) and interpersonal skills
• Strong attention to detail and quantitative skills
• Ability to work to deadlines and prioritize tasks
•  Ability and willingness to work outside normal office hours as required

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.