Sr. Underwriter, Construction at Allied World in Philadelphia, Pennsylvania

Job Description:

Job Objectives:

We are seeking a Senior Underwriter to join our Construction Division in Allied World’s Philadelphia office. The person in this position will be responsible for underwriting a complex book of business.  The underwriter must be capable of underwriting guaranteed cost programs as well as loss sensitive programs for contractors, project specific and wrap up programs. This person must be willing to travel extensively.  The underwriter must be comfortable meeting with and performing presentations to clients and brokers.

Duties and Responsibilities:

• Execute the business plan for the development of a Construction portfolio.


• 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.


• Evaluate terms and structures to meet corporate profitability targets.


• Price and analyze coverage, structure and exposures.


• Develop Broker Distribution platform


• Authorize quotes/binders/invoices as appropriate.


• Attend client/broker meetings, lunches, dinners and other social outings as applicable.


• Negotiate with brokers and clients for new and renewal business.


• Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.


• Expand existing portfolio of business by developing existing relationships and new prospective clients.


• Monitor developments and cash-flow of bound contracts throughout period.


• Liaise with brokers, internal auditors and Claims, Accounting, IT and Legal departments as appropriate.


• Cross sell other Allied World products


• Attend important industry conferences and seminars as appropriate.


• Ensure information is input into the in-house system in an accurate and timely manner.

Requirements:

• University degree desired.


• 5 -8 years Casualty underwriting experience, Construction Risk experience a plus


• 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 to travel as required.

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.