Builders Risk Senior Underwriter
Builders Risk Senior Underwriter
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Salary Not Disclosed
1 Vacancy
Job Description
Starr Insurance Companies is a leading insurance and investment organization providing commercial property and casualty insurance including travel and accident coverage to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai China in 1919. Today we are one of the worlds fastest growing insurance organizations capable of writing in 128 countries on 6 continents.
We are seeking a highly experienced and dedicated Senior Underwriter specializing in Builders Risk Insurance. The successful candidate will play a pivotal role in evaluating and underwriting complex construction property risks developing and maintaining profitable underwriting portfolios and providing technical guidance to junior underwriters. The ideal candidate will have extensive knowledge of construction insurance products strong analytical skills and a proven track record in risk assessment and management.
Key Responsibilities:
- Evaluate underwrite and price complex Builders Risk insurance policies ensuring adherence to company guidelines and regulatory requirements.
- Analyze submissions assess risk and determine appropriate terms and conditions.
- Review and negotiate manuscript form wordings and coverages.
- Develop and maintain strong relationships with brokers agents and clients to facilitate effective communication and support business growth.
- Collaborate with the underwriting team to ensure consistency and accuracy in risk assessment and policy issuance.
- Provide mentorship and technical guidance to junior underwriters fostering a culture of continuous learning and professional development.
- Monitor industry trends market conditions and competitor activities to identify opportunities and threats.
- Participate in the development and implementation of underwriting strategies policies and procedures.
- Ensure compliance with all internal and external regulations standards and best practices.
Qualifications:
- Bachelors degree in Business Finance Insurance or a related field. Advanced degree or professional designations (e.g. CPCU ARM) preferred.
- Minimum of 57 years of experience in Builders Risk insurance underwriting with a proven track record of success. Master Builders Risk underwriting experience preferred.
- Experience underwriting primary quota share and excess structures.
- Proven ability to assess reinsurance needs and negotiate terms with reinsurance brokers and underwriters.
- Indepth knowledge of construction projects risk assessment and insurance products.
- Strong analytical problemsolving and decisionmaking skills.
- Excellent communication negotiation and interpersonal skills.
- Ability to work independently and as part of a team in a fastpaced dynamic environment.
- Proficiency in underwriting software and Microsoft Office Suite.
Starr is an equal opportunity employer which means well consider all suitably qualified applicants regardless of gender identity or expression ethnic origin nationality religion or beliefs age sexual orientation disability status or any other protected characteristic. We recruit and develop our people based on merit and were committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Required Experience:
Senior IC
Employment Type
Full-Time
