• Job Description

  Req#: 2508-0559

  We’re thrilled that you are interested in joining us here at the Amynta Group!

  Assistant Vice President, Cyber and Tech E&O Underwriting

  Assistant Vice President is responsible for producing, underwriting, managing and retaining profitable business for the company. The primary objective of the Assistant Vice President is to underwrite, maintain and grow the Ambridge portfolio in accordance with the business plan, strategy, authority levels, company policy and regulatory environment for a specific product and/or line of business.
  Assistant Vice President reports directly to the Vice President (VP) with shared responsibility for the underwriting performance for the respective product line at Ambridge. Working in conjunction with the VP, Assistant Vice President is expected to plan and implement activities within their team to ensure Ambridge meets is underwriting business objectives
  Regulatory Conduct Rules
  1.Act with integrity.
  2.Act with due skill, care and diligence.
  3.Be open and co-operative with Lloyd’s, the FCA, the PRA, and other regulators.
  4.Pay due regard to the interests of customers and treat them fairly.
  5.Observe proper standards of market conduct.
  
  Education, Qualifications, Knowledge, Skills and Experience
  Degree from a reputable University/College preferred.
  Minimum 7+ years production underwriting experience
  Obtain and maintain in good standing individual casualty and property broker and surplus lines broker licenses. (Resident)
  Thorough knowledge and experience of underwriting within the relevant classes of business.
  Stay abreast of developments in information technology, privacy regulations and insurance coverage.
  Up to date understanding of market compliance and regulatory requirements for broad knowledge and understanding of US E&S/Admitted Insurance for cyber, technology and miscellaneous professional liability products. General understanding of the US legal and regulatory environment.
  Sound knowledge of the US and/or local Insurance market changes and trends.
  Familiarity of Producers within the market and the ability to establish and maintain good working relationships.
  Solid relevant broking and/or underwriting experience, gained within general, commercial Insurance.
  Sound IT skills, including Microsoft Excel, Word and PowerPoint.
  Good leadership skills, with the ability to train, mentor and oversee a small team of underwriting staff.
  Effective prioritization and organizational skills. The ability to independently prioritize tasks and meet tight deadlines.
  The ability to research and assimilate various data sources; to enable the timely preparation of reports.
  Additional Job Description
  Provide advanced technical expertise with service of new and existing clients through cross-selling opportunities, account development, execution of client requests and problem solving in accordance with the objectives and procedures based on Ambridge's core values and standards.
  Manage the entire underwriting cycle for individual accounts and assist in the preparation of and calculation of underwriting figures for input into the Business Plan
  Lead and provide guidance to other team members in the development and successful completion of individual and departmental goals in the open brokerage book; liaise consistently with VP on progress and performance of other team members
  Review evaluations of relevant underwriting and risk information; further communicate findings and analysis to senior management.
  Initiate pricing discussions on new and renewal accounts; liaise with Actuarial and management to ensure pricing approach is competitive yet profitable
  Ensure that business is being carried out within underwriting capacity.
  Continuously review portfolio for exposures and pricing adjustments. Develop recommendations for changes to portfolio and pricing that align with the overall strategy and risk appetite of the Ambridge.
  Work with VP to continually update underwriting philosophy and coverage endorsements to respond to marketplace demands and loss trends.
  Participate in, debate and discuss accounts at Peer Review meetings; initiate and develop solutions as issues arise.
  Identify and raise issues with in-force accounts / risks; using best judgement, liaise with a variety of other disciplines including claims, legal and/or loss control on issues; recommend solutions to ensure risks are mitigated or referred to management.
  Advise clients on policy coverages and policy contract wording.
  Ensure that all submissions are written within regulatory guidelines.
  Participate in discussions on risks written by other offices within Ambridge

  Operational
  Establish and maintain knowledge of internal controls and all procedures relating to underwriting.
  Foster team behavior and a sales-oriented department culture.
  Participate, as needed, in interviewing, hiring, training, and development of staff.
  Work with Company Leaders identifying areas of improvement, create efficiencies and improve margins.
  Develop and implement procedures based on applicable laws, regulations, rules, guidance and industry standards.
  Contribute to the operational integration of new acquisitions within the organization.
  Identify, plan and resolve routine department coverage and workload issues. Take necessary action to resolve issues.
  
  Decision Making Responsibilities
  Underwrite Insurance submissions in accordance with the approved business plan, subject to individual authority levels; refer to the SVP as appropriate.
  Review and approve underwriting referrals from other members of the Cyber & Technology team.
  Participate and present own risks written at Peer Review meetings to articulate analytical approach to underwriting decisions.

  The Amynta Group (the “Company”) is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of any ground of discrimination protected by applicable human rights legislation. The information collected is solely used to determine suitability for employment, verify identity and maintain employment statistics on applicants.

  Applicants with disabilities may be entitled to reasonable accommodation throughout the recruitment process in accordance with applicable human rights and accessibility legislation. A reasonable accommodation is an adjustment to processes, procedures, methods of conveying information and/or the physical environment, which may include the provision of additional support, in order to remove barriers a candidate may face during recruitment such that each candidate has an equal employment opportunity. The Company will accommodate a candidate to the point of undue hardship. Please inform the Company's personnel representative if you require any accommodation in the application process.

• About the company

  From warranty and specialty risk offerings, to managing general agents, our collection of firms provides risk management services you can count on.

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