AVP - Underwriter - Excess Casualty

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.

We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.

Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

The work pattern for the job is Hybrid 

The minimum and maximum salaries for this job role are below:

Minimum Salary -  127,200.00 

Maximum Salary -  159,000.00 

The Role

To appropriately underwrite high value and complex risks in accordance with the business plan and within delegated underwriting authority. Offer creative, problem-solving Excess Casualty coverage through flexible, competitive products across a wide range of solutions and industries. Build long-term relationships that continue to provide value and service by offering solutions to the most challenging problems. Reach a production range of 5-6 million. Our Aspen Values are expected to be reflected in the delivery and performance of every role.

Key Accountabilities

• Contributes to functional strategy development and prioritizes the operational deliverables and activities of team to support delivery of overall business targets
• Manages tactical plan and provides support to others to achieve positive results for the business in line with strategy Policy, Process and Procedures
• Help the team evaluate insurance company`s financial standing, operational strategy, and industry trends to determine whether to accept the risk, and if so, under what terms for renewal and new business
• Contribute to the analysis for exposure and experience on renewal business by combining knowledge and experience with available information on ceding insurance companies
• Help the team assesses the customer/broker request and determines acceptable coverage that addresses the customer`s critical insurance and service needs
• Review contract and language, and manage documentation work-flow to ensure the contract outlines the risks, intended coverage, and other fields required specific to the contract within given authority limits
• Maintains reinsurance quality assurance systems to ensure effective control and delivery of robust processes
• Adheres to standards, instructions and good practice to minimise risk and maximise efficiency
• Ensures the recording and measurement of insurance risks, including DUA’s where relevant, to ensure accuracy and good practice
• Understands and complies with any reinsurance requirements to minimise risk and to deliver business plan objectives Environmental Awareness/Customer Focus
• Demonstrates understanding and awareness of market dynamics and market cycle to drive and enhance business performance
• that people, resources and processes are aligned with business needs and fit for purpose
• Manage, resource, motivate, develop and focus the team(s) to ensure the required standards of performance and support the continuing personal and professional development of all team members
• Manage appointment, dismissal, performance management and reward of the team(s) to effectively manage resources within the function

Skills & Experience

• Previous Umbrella or Excess Casualty underwriting experience
• Thorough knowledge of relevant market conditions for specific class/portfolio
• Good knowledge of relevant Aspen underwriting systems
• Thorough knowledge of Aspen’s underwriting strategy and how this translates into operational targets and delivery
• Good knowledge of Reinsurance and Expected Profitability Analysis (EPA) requirements
• Strong knowledge of legal and regulatory requirements (specific reference to FCA / Lloyds regulation)
• Strong understanding of the reinsurance strategy affecting portfolio
• Strong knowledge of Aspen underwriting process and procedures including EPA’s
• Strong level of numeracy and literacy skills
• Able to manage conflicting priorities to achieve deadlines
• Able to plan effectively and efficiently
• Ability to collaborate effectively within a team environment
• Strong interpersonal and communication skills
• Ability to analyze data and use for decision-making
• Strong attention to detail · People management – ability to engage and lead a team
• Proficient in relevant software, including MS Office applications e.g. Excel as well as other departmental software packages
• Qualified within own professional discipline, with significant post-qualification work experience within related environments and specialist function
• Associate of Chartered Insurance Institute (or equivalent)
• Experience of successfully supporting technical and operational strategy

At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate.  We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.