November 4, 2009   Bookmark Page Tell A Friend     
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Senior Underwriter


IL - Chicago, PA

ACE American Insurance Company


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Career Field Underwriting
Insurance Discipline All
Relocation Assistance Not Available
Job Duration Full Time
Salary Offered Open


      
POSITION  DESCRIPTION        ACE INA

TITLE:             Senior Underwriter, Excess Casualty

OPERATING UNIT: ACE Casualty Risk DATE:       8/2003
DEPARTMENT: ACE Excess Casualty - Unit/Region X:  
LOCATION: Applicable Regional Office

A.       KEY OBJECTIVES

To execute the ACE Excess Casualty growth and underwriting business strategies by executing upon established team action plans and goals for the region.   As an underwriting member of the ACE Excess Casualty team in the assigned region, this position will work within their local team to achieve profitable underwriting results through the growth, development, servicing and underwriting of our 'Core' Excess Casualty business.  This position will be responsible for helping to achieve Profitability & Production Goals, meeting Overall Branch Administrative standards, and actively participating within the regional Excess Casualty team.


B.       MAJOR DUTIES & RESPONSIBILITIES

Position will be responsible for the following activities:

PROFITABILITY & PRODUCTION

? Goal Achievement - Delivering upon the established New and Renewal business goals as provided by the Regional Team Leader.  This will include Premium projections as well as all Policy Acquisition Expense budgets.

? Growth Strategies - Executing upon the assigned roles per the written regional marketing plans and strategies.  This includes:
• Client & Broker Relations including Sales Calls & attendant strategies
• Completing Target Account responsibilities & Cross Sell Strategies

? Underwriting Integrity - Achieving all underwriting standards as outlined by the ACE Excess Casualty Home office and all applicable Underwriting Guidelines, Authorities, and Position Papers.  This includes:

• Risk Selection
• Pricing & Attachments including Rate Change Goals
• Terms & Conditions



BRANCH ADMINISTRATIVE

? Ensuring the achievement of all divisional standards with regards to all administrative responsibilities as outlined in the ACE Excess Casualty Operations Manual, including: 
• Accurate & Timely Policy Issuance
• Accurate Billings
• Manuscript Form & Endorsement processes
• File Construction and Documentation


D. PERFORMANCE MEASURES

Performance will be measured by:
• Achievement of Premium Goals & Budgets
• Adherence to Underwriting Goals, Guidelines & Objectives
• Qualitative Assessment of Underwriting Decisions
• Results of Underwriting Audits (conducted by any party)


E. QUALFICATIONS:

This role will require:

• Minimum of 5 Years Underwriting Experience
• Business Acumen
• Good Level of Product Knowledge including:
o Exposure Analysis
o Form & Coverages
o Rating Principles and Mechanics
• Negotiation & Presentation Skills
• Experience with Broker Relations & Customer Management
• Strong Verbal and Written Communication Skill
• Basic Proficiency in Microsoft Word, Excel, Power Point



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