AVP, Construction & Engineering

AVP, Construction & Engineering

Job Summary: You will be responsible for underwriting builders risk projects as part of the Construction and Engineering (C&E) team. You will utilize your business acumen and underwriting skills to develop pricing and negotiate terms and conditions to build a profitable book of business with existing and new retail and wholesale distribution partners.

Job Duties and Responsibilities:

• Underwrite new builder's risk (EAR, CAR, infrastructure) projects and negotiate policy terms and conditions. The underwriting focus is project-specific, highly engineered construction risks
• Distribution management: strategically develop broker distribution to generate new business opportunities and manage existing accounts
• Prepare quotes, binders, referrals, and underwriting file documentation in compliance with company guidelines
• Providing direction to junior underwriter and/or assistant underwriter in the timely processing of Policy/Endorsement wordings
• Develop and manage positive and effective working relationships with a commitment to service for all associates (brokers, insureds, and internal personnel) leading to high customer satisfaction
• Coordinate and perform regular marketing calls, underwriting meetings, and events to promote product offerings, participate in local professional organizations, and remain current and engaged with existing and prospect insureds and brokers on key developments in the marketplace
• Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability
• Supporting the departmental Vice President in setting strategic goals, setting budgets and producing regular Management Information
• Work in a fast-paced environment, multi-task, and make quick decisions while maintaining underwriting integrity
• This is a hybrid work arrangement, with the expectation of working in an office 3 days a week
• Approximately 25% travel required

Qualifications:

• 7+ years Builder's Risk insurance experience
• 4-year college degree preferred
• Experience working on project-specific policy
• Knowledge of master builder's risk programs
• Strong broker relationships with local and national retail and wholesale brokerages
• Strong underwriting acumen and attention to detail
• Understanding of natural catastrophe modeling and pricing
• Experience and proficiency in policy wording, broker manuscript forms review and policy issuance
• Overall, team player with collaborative outlook acting as a role model for more junior members of the team
• Must be a self-starter
• Willing to travel
• Excellent communication skills, including advanced negotiation, communications, and presentation experience

Compensation: The below annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one component of Allied World's comprehensive total reward package, which may also include annual incentive compensation rewards. Salary range: $135,000 - 160,000

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 Employer. All qualified applicants will be considered for employment without consideration of any disability, veteran status or any other characteristic protected by law.

Allied World Assurance Company Holdings, Ltd