Job Description for Senior Underwriter
We are seeking a highly skilled and experienced Senior Underwriter to join our team at AmTrust International. As a Senior Underwriter, you will be responsible for underwriting the Warranty account and providing counsel, advice, and training on underwriting-related issues.
Key Responsibilities:
* Develop and underwrite a profitable portfolio of Warranty business as part of the Warranty team, taking ownership of performance for allocated accounts and for acquiring new business.
* Monitor premiums, costs, and performance metrics for all schemes and advise on any remedial actions as appropriate to ensure long-term portfolio profitability and within company rates of return.
* Evaluate appropriate risks by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administrative costs to ensure profitability, using rating models as applicable.
* Prepare policy terms and conditions, liaising with the Warranty team to ensure robust standardized wordings.
* Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost-effective administration of the Warranty account.
Requirements:
* Bachelor's degree or equivalent in business, management, finance, or related area preferred;
* Maintenance of a recognized insurance qualification – minimum CIP;
* 8-10 years of experience in Warranty (personal/consumer lines or affinity business);
* Complex decision making;
* Strategic ability coupled with operational execution;
* Ability to assess and balance risk;
* Effective communication and presentation skills; and
* Proficiency with MS Office and other programs.
What We Offer:
* A great culture & environment to work in;
* Additional days off each year as 'AmTrust days' (up to 12 extra days per year);
* Private health insurance for you and your family;
* Lifelong guarantee cover: four times your basic salary.
We are an Equal Opportunity Employer and welcome applications from diverse candidates.