Builders Risk Senior Underwriter

Starr Companies • Houston, TX

58d

About The Position

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 world's 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 and energy 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.

Requirements

• Bachelor's degree in Business, Finance, Insurance, or a related field.
• Minimum of 5-7 years of experience in Builders Risk insurance underwriting, with a proven track record of success.
• Experience underwriting primary, quota share and excess structures.
• Proven ability to assess reinsurance needs and negotiate terms with reinsurance brokers and underwriters.
• In-depth knowledge of construction projects, risk assessment, and insurance products.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication, negotiation, and interpersonal skills.
• Ability to work independently and as part of a team in a fast-paced, dynamic environment.
• Proficiency in underwriting software and Microsoft Office Suite.

Nice To Haves

• Advanced degree or professional designations (e.g., CPCU, ARM) preferred.
• Master Builders Risk underwriting experience preferred.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 1,001-5,000 employees