AVP, Industry Management

				Overview:

This role is responsible for implementation and continuous improvement of underwriting automation and supporting business processes. This position will influence the development and enhancement of automation, and user experience strategies at the class of business level to optimize Amtrust's flow and low touch business. The role requires broad and consistent partnership with other functional disciplines within the organization to influence and drive outcomes. A highly qualified candidate will have deep experience in small commercial underwriting and/or working with business rules engines and related technology.

This position will require a hybrid work schedule out of any of our AmTrust locations. 

Responsibilities:

  In collaboration with key partners, shape underwriting strategies by industry, including the development of new or revised automation strategies and appetite to maximize opportunities.

  Work collaboratively with stakeholders in Underwriting, Product, Actuarial, Claim, Risk Control and Marketing to understand business needs and feedback. Drive process and technology improvement strategies based on data and workflow insights from business partners.

  Manage the intake, prioritization, execution, and post-monitoring of business rule changes, ensuring efficient deployment of team capacity and high level of quality output.

  Manage, mentor, and develop a team of direct reports doing technical rules implementation, including enforcing adherence to standard work processes, and integration of rules deployment processes across other self-service and IT teams.

  Establish, maintain, and ensure adherence to communications standards in collaboration with Underwriting Officers and Product Systems to ensure total alignment between system impacts, underwriting guidelines, and stakeholder communications.

  Leverage deep workflow, underwriting, and automation expertise to assess results data, including advising on profitability analysis, mix management, rule analysis, and new business flow to understand root cause and recommend corrective actions. Formulate recommendations based on analysis, allowing for quick and effective reaction to growth and profit challenges.

  Work collaboratively with peers across the organization to share automation insights and results. Ensure underwriting appetite is aligned and adhered to through automation and supporting underwriting processes across lines of business, in partnership with Quality Assurance team.

  Collaborate on strategies to advance Amtrust's value proposition in target industries, including providing content for marketing materials in partnership with Marketing and

Product Strategy to advance brand presence and industry specialization, where appropriate.

  Serve as a Field resource to support achievement of underwriting and production goals. Handles specialized responsibilities that may involve ownership of one or more specific industries, processes, or applications within the product.

Qualifications:

  Bachelor's degree required; MBA or other related graduate level degree preferred

  8+ years Commercial P&C insurance industry underwriting, actuary, claim and/or product development experience, ideally with deep experience in Small Commercial.

  Underwriting acumen and discipline, technical knowledge, and a depth of specialized experience sophisticated product/pricing environments.

  Sound financial acumen, understanding of P&L, knowledge and experience with setting and driving an operating plan; track record of setting goals and delivering results

  Superior problem-solving skills, including the ability to encourage new ways of looking at problems, processes, and solutions, develop sound recommendations, and generate new ideas for profitable growth, including new product ideas, markets, and target customers

  Expert understanding of property and casualty insurance products, systems, underwriting, claims, distribution channels, regulatory

  Intermediate knowledge of Microsoft office products (Excel, PowerPoint) required.

The expected salary range for this role is $144,000-$200,000/year.

Please note that the salary information shown above is a general guideline only. Salaries are based upon a wide range of factors considered in making the compensation decision, including, but not limited to, candidate skills, experience, education and training, the scope and responsibilities of the role, as well as market and business considerations.

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AmTrust Financial Services, Inc.

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