Vice President, Underwriting

Overview The VP, Underwriting role is an experienced professional that should have a proven track record of leading functional leaders and teams and building profitable commercial lines books distributed via independent agencies, brokers, and wholesale partners, targeting small, middle-market and complex risks across various targeted industries. classes. The VP, Underwriting will be a “hands-on” technical expert focused on targeting a wide variety of commercial risks throughout the U.S. across.

This individual maintains a solid understanding of AmTrust’s mission, vision, and values. Upholds the standards of the AmTrust organization. Reports to the Vice President – Midwest Region and has Underwriting responsibility across the 12 Midwest States: IL, IN, IA, KY, MI, MN, MO, ND, OH, SD, WI and WV Responsibilities
· Leads leaders and a team that underwrites a profitable book of small, middle market and complex risks, employing the appropriate analytical diagnostics to assess acceptability.
· Demonstrate expertise in analyzing pricing adequacy.
· Negotiate terms and conditions in a highly complex and competitive environment with a broad range of independent agencies, brokers and wholesale partners.
· Exhibit advanced analytical and creative problem-solving skills with the ability to manage and prioritize multiple tasks.
· Underwrite and develop a profitable book of business in support of strategic business plans while retaining a diversified mix of business to achieve overall growth and profit objectives.
· Lead the Underwriting team in developing strategy, position statements, underwriting authority and guidelines, portfolio management and pricing strategies, and a balanced scorecard for the company.
· Work closely with the Midwest Sales team in negotiating terms, conditions and premiums with agents and brokers for all lines of business.
· Continue the assessment of the current book of business and work closely with the team in ensuring continued profitability.
· Effective collaboration with AVP/RSD Sales partner and all internal business partners to drive profitable growth across the Midwest Region
· Work with Claims and Risk Control to identify claims trends and identify underwriting changes necessary to address claim development.
· Work with Actuarial to price the book to an underwriting profit
· Participate in reinsurance negotiations for treaties that support the business.
· Evaluate cost/benefit of market opportunities and new initiatives and make recommendations based upon cost/benefit analysis.
· Promotes and leads a performance enhancement culture by actively coaching and mentoring direct reports, providing regular feedback and developing employees for wider roles and responsibilities to foster professional growth and development.
· Managing change in a fast-paced and dynamic environment to ensure high level of engagement and performance.
· Keeps current with market trends and demands.
· Performs other functionally related duties as assigned.

Qualifications

Required:

· 8+ years of leadership experience, with a particular emphasis on underwriting.
· Existing agent and broker relationships within the Midwest States
· Advanced risk assessment skills with proven experience in product specialization.
· Ability to read, analyze, and interpret detailed subject matters including but not limited to; rate manuals, business and financial reports, contracts, legal documents, trade periodicals or professional journals, technical procedures, and governmental regulations.
· Ability to write reports, business correspondence, and procedure manuals.
· Ability to make effective and persuasive presentations and respond to questions from top management, group of managers, customers, or public groups.
· Strong skills in…