Take the next step in your career with us.
Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge.
We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs.
Our people are our most important asset, and we are very proud of the quality of our team members.
Job Objectives:
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.
Job Duties:
Execute the business plan for the development, management and expansion of a portfolio of accounts
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
Review and analyze underwriting submissions, slips and contracts
Price and analyze coverage, structure and exposures
Set appropriate terms and conditions following the Company business strategy to quote selected risks
Evaluate terms and structures in conjunction with Actuarial staff to meet corporate profitability targets
Authorize quotes/binders/invoices as appropriate
Lead underwriters to exercise proper underwriting, pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures
Negotiate with brokers and clients for new and renewal business
Attend client/broker meetings, lunches, dinners and other social outings as applicable
Attend important industry conferences and seminars as appropriate
Liaise with brokers, internal auditors and Claims, Accounting, IT and Legal departments as appropriate
Expand existing portfolio of business by developing existing relationships and new prospective clients
Maintain overview of market and industry developments through traveling, attending market conventions and seminars and other means to optimize the underwriting and portfolio strategy
Supervise underwriting assistants and associate underwriters to ensure information is inputted into the in-house system in an accurate and timely manner
Conduct pre-quote and mid-term underwriting audits as needed
On a quarterly basis review the development of the portfolio against original projections
Periodic reporting to manager regarding submissions and current portfolio content
Job Requirements:
4-year college degree
Professional designation such as CPCU, ACII or similar preferred
7-10 years underwriting experience
Established relationships with brokers/markets/companies
Successful track record in developing and maintaining reinsurance placements
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
The salary range for this role is between:
$175,000 - 250,000
The annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one component of Allied World's comprehensive total reward package, which may also include annual incentive compensation rewards.
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 Employer. All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected by law.
Working at Allied World
Our team of over 1,650 professionals has deep expertise in the industry. They enjoy their work, and many have served for several years. This is what you can expect when you join us:
Global Presence
Headquartered in Bermuda, Allied World has offices in Atlanta, Boston, Brisbane, Chicago, Costa Mesa, Dallas, Dublin, Farmington (CT), Hong Kong, Houston, London, Los Angeles, Malaysia, Manchester, Miami, Nashville, New Jersey, New York, Philadelphia, San Francisco, Singapore, Sydney, Switzerland and Toronto. We strive to provide exceptional service to our clients and distribution partners.