Senior Underwriter - Builders Risk

				Overview:

AmTrust E&S Insurance Services is seeking a Senior Underwriter for our Builders Risk division. This underwriting position is designed for an individual with a minimum of 5 years of underwriting experience in Builders Risk.

With this opportunity, you will underwrite and manage a portfolio of hard-to-place risks with tougher exposures considered unique or challenging in accordance with AmTrust E&S guidelines, strategy and profitability standards. The person in this position is responsible for new business development, risk analysis and assessment, coverage evaluation, endorsement wording development, pricing and contract negotiation to maintain and develop a profitable portfolio of non-admitted risks.

This role follows a hybrid work model, requiring 4 days per week on-site and 1 day remote.

To support team collaboration and business needs, preference will be given to candidates who can work in a hybrid capacity from one of our approved office locations listed below.

Eligible Office Locations:

  Texas: Dallas

  Georgia: Alpharetta

  Illinois: Chicago

  Arizona: Scottsdale

  Massachusetts: Boston

  New York: New York City, Melville, Latham

Responsibilities:

  Build and maintain a solid flow of new business opportunities, identifying opportunities for growth within new and existing production sources. Position has direct responsibility for broker development and management within a book of business.

  Develop risk pricing by analyzing exposures, claims experience, utilizing pricing tools and worksheets, comparison to similar risks, as well as experience in underwriting exposures pertaining to individual risks, for new accounts within assigned portfolio and authority level.

  Consistently achieve budgeted financial results (premium, loss ratio, retention, commissions, pricing, new business, premium collection, and expense management) as established for individual portfolios.

  Identify and take corrective action and/or collaborate with the appropriate area within the organization based on individual risk characteristics identified through broker reviews, large loss analysis, risk control, etc.

  Develop and maintain library of Builders Risk forms, endorsements and manuscript wordings.

  Oversee or handle policy maintenance items, extensions and other mid-term requests.

  Ensure compliance with underwriting strategies and regulatory requirements.

  Remain current on legal and regulatory changes and claim development to contribute to unit product development and portfolio decisions.

  Provide responsive service to brokers by delivering timely and accurate quotes and endorsements.

  Travel to broker offices as required for training or marketing visits.

Qualifications:

  Minimum of 5 years of Builders Risk underwriting experience

  BA/BS degree strongly preferred, or equivalent in experience

  CPCU or other related Insurance Designation(s) preferred

  Prior experience leveraging online underwriting and broker portals to support digital distribution strategies while building and maintaining strong, relationship-based partnerships with brokers at a regional and/or national level.

  Strong understanding of construction methodologies, project timelines, delay in completion exposures and Natural Catastrophe risks

  Highly experienced and skilled in Builders Risk policy wording development and review

  Knowledge of commercial Excess and Surplus lines risk, classification, pricing and coverage options with adherence to applicable statutory compliance issues and corporate guidelines.

  Able to understand and execute strategic priorities including pricing strategy, agent strategy, rate strategy, underwriting appetite, limit management and mix of business.

  Strong knowledge of the E&S external market and demonstrated marketing and business development experience within the wholesale distribution channel.

The expected salary range for this role is $96,400-$140,000/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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