Vice President, Construction & Engineering Division

Allied World Assurance Company

Job Location:

London - UK

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

The job posting is outdated and position may be filled

Job Summary

Person Specification;

Ideally graduate-level individual with professional insurance qualification ACII already obtained.
Engineering degree (civil or mechanical engineer) would be preferable.
Required 12 years demonstrable experience underwriting major international construction projects with expertise and in-depth working knowledge of standard market wordings and endorsements.
Must be highly articulate with exceptional communication and interpersonal skills required for significant liaison with clients and brokers including delivering effective presentations and building strong working relationships
Strong marketing and business development capability commercial acumen; ability to influence and negotiate to various levels of seniority internally and externally
Highly computer literate with an advanced level proficiency using an underwriting system. Knowledge of Genius and Open Box is a distinct advantage.
Methodical approach to work strong organization skills; capable of dealing with tight reporting deadlines and conflicting priorities; attention to detail.
Overall team player with collaborative outlook acting as a role model for more junior members of the team.
Language skills: fluent in English. Other languages would be beneficial.

Description of the role:

This position is responsible for underwriting a diverse book of business employing the methods necessary to meet projected profitability GWP and expense goals management and growth of the overall portfolio of business within the appropriate underwriting discipline/guidelines marketing and servicing of existing and potential insureds. This role has responsibility for supporting the regional / global head in setting strategic goals setting budgets and developing the technical underwriting team.

Job Duties and Responsibilities:

General underwriting functions including underwriting submission review pricing analysis setting of terms and conditions.
Authorising of quotes and invoices in accordance with company guidelines.
Responsible for timely and correct issuance of bound polices. Crafting of wordings and endorsements for authorisation by legal. Providing direction to the Junior Underwriters and/or Underwriting Assistant in the timely processing of Policy/Endorsement wordings.
Perform extensive account analysis according to underwriting guidelines which to include thorough review of underwriting application/submission research reviewing requested terms and conditions including underlying policy forms when issuing on a follow-form basis liaising with other Company departments to establish full understanding of risk exposures and completion of underwriting worksheet.
Active role in the development of business in Global Markets exploring opportunities and marketing within the London Market and abroad as required.
Supporting the regional head departmental Vice President in setting strategic goals setting budgets and producing regular Management Information
Accountable for the maintenance of underwriting files in an orderly and consistent manner and in accordance with the underwriting guidelines.
Liaise with actuarial support to develop premium benchmarking and pricing models with development of account pricing/recommendations
Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability
Stay current with respect to major market and industry issues and developments
Relationship management - external via attendance at key relevant client/broker meetings and other social outings as applicable.
Corresponding with brokers with respect to outstanding information pursuant to binding.
Ensuring receipt of and review of outstanding information (including underlying/followed policies) to ensure consistency with the terms and conditions agreed at binding.
Delegation (and supervision) of work to Underwriting Operations Assistants or Assistant Underwriters as deemed appropriate; responsible for the professional development and training of assigned team members.
Accountability for a specific region P&L: including budgeting; regional market reporting; client and broker BD and a point of contact for the designated region
Attendance at Lloyds box as required
Other duties as may be assigned

Required Experience:

Chief

Person Specification;Ideally graduate-level individual with professional insurance qualification ACII already obtained.Engineering degree (civil or mechanical engineer) would be preferable.Required 12 years demonstrable experience underwriting major international construction projects with expertise...

Person Specification;

Ideally graduate-level individual with professional insurance qualification ACII already obtained.
Engineering degree (civil or mechanical engineer) would be preferable.
Required 12 years demonstrable experience underwriting major international construction projects with expertise and in-depth working knowledge of standard market wordings and endorsements.
Must be highly articulate with exceptional communication and interpersonal skills required for significant liaison with clients and brokers including delivering effective presentations and building strong working relationships
Strong marketing and business development capability commercial acumen; ability to influence and negotiate to various levels of seniority internally and externally
Highly computer literate with an advanced level proficiency using an underwriting system. Knowledge of Genius and Open Box is a distinct advantage.
Methodical approach to work strong organization skills; capable of dealing with tight reporting deadlines and conflicting priorities; attention to detail.
Overall team player with collaborative outlook acting as a role model for more junior members of the team.
Language skills: fluent in English. Other languages would be beneficial.

Description of the role:

This position is responsible for underwriting a diverse book of business employing the methods necessary to meet projected profitability GWP and expense goals management and growth of the overall portfolio of business within the appropriate underwriting discipline/guidelines marketing and servicing of existing and potential insureds. This role has responsibility for supporting the regional / global head in setting strategic goals setting budgets and developing the technical underwriting team.

Job Duties and Responsibilities:

General underwriting functions including underwriting submission review pricing analysis setting of terms and conditions.
Authorising of quotes and invoices in accordance with company guidelines.
Responsible for timely and correct issuance of bound polices. Crafting of wordings and endorsements for authorisation by legal. Providing direction to the Junior Underwriters and/or Underwriting Assistant in the timely processing of Policy/Endorsement wordings.
Perform extensive account analysis according to underwriting guidelines which to include thorough review of underwriting application/submission research reviewing requested terms and conditions including underlying policy forms when issuing on a follow-form basis liaising with other Company departments to establish full understanding of risk exposures and completion of underwriting worksheet.
Active role in the development of business in Global Markets exploring opportunities and marketing within the London Market and abroad as required.
Supporting the regional head departmental Vice President in setting strategic goals setting budgets and producing regular Management Information
Accountable for the maintenance of underwriting files in an orderly and consistent manner and in accordance with the underwriting guidelines.
Liaise with actuarial support to develop premium benchmarking and pricing models with development of account pricing/recommendations
Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability
Stay current with respect to major market and industry issues and developments
Relationship management - external via attendance at key relevant client/broker meetings and other social outings as applicable.
Corresponding with brokers with respect to outstanding information pursuant to binding.
Ensuring receipt of and review of outstanding information (including underlying/followed policies) to ensure consistency with the terms and conditions agreed at binding.
Delegation (and supervision) of work to Underwriting Operations Assistants or Assistant Underwriters as deemed appropriate; responsible for the professional development and training of assigned team members.
Accountability for a specific region P&L: including budgeting; regional market reporting; client and broker BD and a point of contact for the designated region
Attendance at Lloyds box as required
Other duties as may be assigned

Required Experience:

Chief

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About Company

Allied World Assurance Company

Allied World Assurance Company Holdings assures its clients that everything is well insured. In the US its insurance products include general property/casualty coverage as well as specialty products such as environmental, health care, and professional liability coverage targeted to sm ... View more

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