Job description
Job Objectives:
Responsible for underwriting a portion of the AWAC Chicago property book of business, employing the methods necessary to meet projected profitability, expense goals, premium growth while simultaneously executing proper underwriting discipline/guidelines, marketing and servicing of existing and potential clients.
Duties and Responsibilities:
- General underwriting functions including submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorizations
- Monitor exposure of specific accounts with review of claims, inspections and risk management reports
- Marketing – Establish and maintain relationships with key partners by attending client/broker meetings and other social outings as applicable. Our underwriters regularly meet with our agents/ brokers to discuss production, service and other topics relative to mutual insureds and clients
- Engage with other Allied World product lines to develop possible cross sell opportunities
- Liaise with Claims Department on any specific claims activity on individual accounts, which could potentially affect profitability
- Compliance with underwriting guidelines, systems and procedures
- Follow treaty and facultative reinsurance protocols as required
- Stay current with respect to major industry issues and developments
Job Requirements:
- Bachelor’s Degree a plus
- 0-3 years of industry experience, property preferred
- Strong Writing and Communication Skills
- Excellent organizational skills, and ability to multi task
- Ability to work independently in a fast-paced environment
- Must be able to think originally, be willing to challenge ideas and be receptive to having their own ideas challenged
- Willingness to travel
Our Business
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings, Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.
Our generous benefits package includes: Health, Dental and Disability Insurance, a company match 401k plan, and Group Term Life Insurance. Allied World is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will be considered for employment without regard to an individual's race, color, national origin, religion or belief, sex, gender, gender identity, age, genetic information, marital or civil partnership status, family status, sexual orientation , military, veteran status, disability or any other characteristic protected by law.
To learn more, visit awac.com, or follow us on Facebook at facebook.com/alliedworld and LinkedIn at linkedin.com/company/allied-world.
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