Contractor Pollution Liability Industry Product Line Manager (Finance)
Allied World will consider candidates in various locations such as New York, Boston, Chicago, Farmington, Philadelphia, Atlanta, Los Angeles, San Francisco, or Iselin offices.
Job Summary:
As the Contractor Pollution Liability Industry Product Line Manager, you'll be instrumental at analyzing market trends and profitability, cultivating business relationships with retail and wholesale brokers, and growing a portfolio of contractor pollution liability (CPL) insurance products. You'll be part of Allied World Environmental' s product management team; externally represent Allied World in the construction space, mentor underwriters, and drive CPL results.
The ideal candidate will have market-leading understanding of the contractor pollution liability underwriting discipline and a solid understanding of contractor pollution and professional coverages. You will also have a working understanding of site pollution lability insurance, with particular emphasis on how these coverages interact with CPL. Bring your strategic thinking and apply your business acumen to ensure the CPL is relevant and profitable. This role will require close collaboration with underwriters and senior management to support competitive and profitable products that meet market demands.
Job Responsibilities:
· Manage the design, strategy, and implementation of Contractors Pollution Policy products
· Monitor and analyze market trends to ensure products remain competitive and profitable
· Participate in treaty reinsurance and prepare treaty special exceptions.
· Collaborate with business development and underwriting team to refine and promote CPL products
· Mentor and develop field underwriters
· In collaboration with senior management, establish and prioritize product initiatives based on market conditions and alignment with company goals
· Conduct internal and external product training
· Participate in industry events and help drive CPL-related thought leadership, such as white papers and panel discussions
· Build strong relationship with brokers and insureds to understand needs and offer tailored solutions
· Work with Legal and Compliance to ensure CPL product meets all internal and regulatory requirements
· Responsible for underwriting and managing large accounts, both new and renewals, as needed and prepare quotes, binders, referrals, and underwriting file documentation in compliance with company guidelines
Compensation:
The below annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations, including but not limited to complexity, location, and scope of the role, along with experience, skills, education, training, and other conditions of employment. Base salary represents one component of Allied World's comprehensive total reward package, which may also include annual incentive compensation rewards.
Salary range: $145,000 - $215,000
Job Qualifications:
· Ten (10) or more years of experience in the environmental liability insurance marketplace
· Undergraduate degree preferred
· Background in underwriting and managing contractors' pollution, and contractors' professional policies, working with both retail and wholesale brokers
· Excellent written and verbal communication skills with the ability to interact with both internal and external contacts
· Strong analytical and computer skills
· Ability to apply knowledge and experience to help solve problems of broad scope and complexity
· Strong relationship management and leadership skills to develop new business opportunities, retain renewal accounts, mentor, and develop field underwriters and establish long term strategic broker and client relationships
· CPCU, CRIS or ARM designations preferred
· Ability to travel up to 25%
About Fairfax
Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
About Allied World
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial. Learn more about how we can help you manage your risk by visiting: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: https://www.linkedin.com/company/allied-world
Our generous benefits package includes: Health and Dental Insurance, 401k plan, and Group Term Life Insurance. Allied World Insurance Company is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will be considered for employment without regard to an individual's race, color, national origin, religion or belief, sex, age, genetic information, marital or civil partnership status, family status, sexual orientation, gender identity, or their protected veteran or disability status. Please visit www.awac.com for further information on Allied World.
