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Sr. Underwriter Construction

Location
Chicago, IL

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Sr. Underwriter, Construction','1800003V','!*!
Job Objectives:
We are seeking a General Casualty or Construction Underwriter/Senior Underwriter. 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. The Construction underwriter should have extensive knowledge of general liability  and commercial automobile policies for contractors, as well project specific and wrap up programs. The General Casualty underwriter should have a broad industry knowledge base and be capable of writing general liability and commercial automobile programs for premise and product accounts. 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 Genral casualty and 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.

Professional designation such as CPCU, ACII or similar is desired

At least 5 years underwriting experience

Previous experience underwriting General Casualty and/or Construction Risks

Established relationships with brokers/markets/companies.

Successful track record in developing and maintaining reinsurance accounts.

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 and willingness to work outside normal office hours and travel as required.
 
About Fairfax  
Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

About Allied World
Allied World, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A by Standard & Poor's and AA- by Fitch.
Our generous benefits package includes: Health and Dental Insurance, 401k plan, and Group Term Life Insurance.  Allied World Insurance Company 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, age, genetic information, marital or civil partnership status, family status, sexual orientation, gender identity, or their protected veteran or disability status.  Please visit ****for further information on Allied World.  ','US-IL-Chicago','','311 South Wacker Drive','Suite 1100','Chicago','60606','Underwriting','','','Regular','Experienced','','Jun 13, 2018','Sr. Underwriter, Construction

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