VP, Underwriter, Cas Fac

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

• 152,000.00

Maximum Salary

• 190,000.00

The Role

To underwrite reinsurance business in accordance with the business plan and within delegated underwriting authority with the purpose of underwriting a profitable account on behalf of Aspen Reinsurance in the US and Aspen Values demonstrated in the delivery and performance.

Key Accountabilities

• Contribute to the development of the business plan for the portfolio and ensure delivery of the plan

• Awareness of and contribution to the delivery of the business plan, making decisions as appropriate

• Contribute and participate in all meetings, in order to share and develop strategy, knowledge and best practice

• Positively promote the department, division and company as a whole, in order to maximize brand leverage

• Apply the reinsurance strategy in order to safeguard the portfolio

• Perform complex reinsurance solutions activities in accordance with all legal and regulatory requirements to ensure obligations are met

• Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency

• Ensure the recording and measurement of insurance risks, including DUA's where relevant, to ensure accuracy and good practice, developing or modifying policy wordings as appropriate

• Act as a technical expert to support the identification of issues and opportunities within area of expertise

• Establish, develop and strengthen relationships with stakeholders including customers, brokers, business partners and colleagues, to maximize influence and achieve business objectives

• Demonstrate support for market associations and trade bodies

• Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance

• Maintain an understanding of all current issues affecting the insurance and reinsurance industries as well as lines of business

• Collaborate with Actuarial, Claims, Finance, etc. to achieve goals

• Continually develop expertise and technical knowledge through identifying and implementing appropriate learning and development activities

• Underwriting complex reinsurance risks in accordance with the business plan and the delegated underwriting authority to meet business objectives, including negotiating rates, terms and conditions for existing and new business (developing or modifying policy wordings as appropriate), ensuring compliance with internal and external regulations and guidelines, ensuring contribution to the business plan and objectives, and support credit control in payment collection

• Contribute and influence in the review and analysis of the portfolio to identify progress towards business objectives (audits, account performance, etc.)

Skills & Experience

• Extensive knowledge of relevant market conditions for specific class/portfolio

• Thorough knowledge of Reinsurance underwriting strategy and how this translates into targets and delivery

• Good knowledge of Insurance and Expected Profitability Analysis (EPA) requirements

• Strong understanding of the reinsurance strategy affecting portfolio

• Good knowledge of relevant underwriting systems

• Strong knowledge of legal and regulatory requirements

• Strong knowledge of underwriting process and procedures

• Strong interpersonal and communication skills

• Strong negotiating skills

• Able to plan effectively and efficiently

• Ability to collaborate effectively in team environment

• Strong analytical skills using data for decision-making

• In depth experience of working in an underwriting environment within a specialized/complex underwriting area

• Specific professional qualifications (CPCU)

• Qualified within own professional discipline, with significant post-qualification work experience within class of business

• Experienced in the use of risk profiling and pricing tools and loss models

• Strong established customer/broker relationships

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.