Senior Underwriter E&O

Job DescriptionAllied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions.At Allied World we have over 1,600 talented and loyal employees working in 25 offices globally who service clients throughout the world. We are focused on providing superior customer service and creative risk solutions, building long-term, mutually beneficial relationships. Our employees share our passion for progress and success, and we are looking for talented committed people to join our team.As a subsidiary of Fairfax Financial Holdings Ltd. and a Lloyds syndicate, we are situated in the heart of the London insurance market and benefit from a wealth of experience setting us apart from our competitors on the cutting edge of innovation.Based in the Walkie Talkie building at 20 Fenchurch Street, our office is based on the 19th floor, providing fantastic views across London. With just under 200 employees in London we pride ourselves on our warm and welcoming culture, with regular learning opportunities and support to achieve your career goals.Allied World is an Equal Opportunities Employer. All qualified applicants will be considered for employment without regard to an individual’s race, colour, national origin, religion, sex, age, genetic information, or disability status.Duties and ResponsibilitiesPerform extensive account analysis according to underwriting guidelines, to include thorough review of underwriting application/submission, internet research, reviewing requested terms and conditions including underlying policy forms when issuing on a follow-form basis, liaising with other departments to establish full understanding of risk exposures and completion of underwriting rating toolsPerform referrals (as required) with Senior Vice President Errors & OmissionsMaintaining underwriting files in an orderly manner and in accordance with the underwriting guidelines.Active role in the development of new business, exploring opportunities and marketingLiaise with actuarial support to develop premium benchmarking and pricing models, with development of account pricing / recommendations.Authorising of quotes, binders and invoices in accordance with company guidelinesLiaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitabilityStay current with respect to major industry issues and developments. Attend important industry conferences and seminars as appropriateDelegation (and supervision) of work to Assistant Underwriters as deemed appropriate, contributing to the professional development and training of more junior members or direct reports, where applicableAttend client/broker meetings, lunches, dinners and other social outings.Meet with key brokers regularly to discuss production, service and other topics relative to divisional operationsContribution to the formation of overall Errors & Omissions strategy / business plans and the execution thereofPerson Specification:Ideally, a graduate-level individual with professional insurance qualification5+ years demonstrable experience underwriting blue-chip accounts and clients, with expertise and in-depth working knowledge of standard market policy and endorsement wordings.Excellent analytical skills and solid knowledge of pricing & actuarial models and methodsMust be highly articulate, with exceptional communication and interpersonal skills that are required for daily liaison with clients and brokers including delivering effective presentations and building strong working relationships.Strong marketing and business development capability and commercial acumen. Must have the ability to influence and negotiate to various levels of seniority, internally and externally.Highly computer literate within MS office applications and an advanced level proficiency using underwriting systems such as Genius/Openbox etcMethodical approach to work, strong organization skills; capable of dealing with tight reporting deadlines and conflicting prioritiesOverall team player with collaborative outlook and ability to coach and develop more junior members of the team.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. Allied World is an Equal Opportunities Employer.