E&S Sr. Property Underwriter

MSIG USA•Chicago, IL

2d•$145,000 - $185,000

About The Position

The Senior Underwriter produces, underwrites, and manages a profitable portfolio of commercial property business, emphasizing E&S and complex property risks. The role independently evaluates and structures risks, develops new business opportunities, manages portfolio performance, and builds broker relationships to support profitable nationwide growth. It exercises independent underwriting judgment while balancing production, growth, and profitability objectives. The position has no supervisory responsibilities. A bachelor’s degree and either 3+ years of direct E&S Property and/or shared and layered commercial property underwriting experience, including independent responsibility for complex risks, or 5+ years of broader commercial property underwriting experience with demonstrated progression are required. Experience with large commercial property accounts, shared and layered programs, and/or construction-related property risks is highly desirable. The estimated salary range is $145,000 to $185,000 per year. Actual compensation within the range depends on relevant experience, location, and other job-related factors. MSIG USA offers healthcare and retirement benefits and additional benefit programs.

Requirements

Bachelor’s degree.
Either 3+ years of direct E&S Property and/or shared and layered commercial property underwriting experience, with demonstrated responsibility for independently underwriting and managing complex property risks, or 5+ years of broader commercial property underwriting experience with demonstrated progression in underwriting authority, account complexity, and portfolio responsibility.
Strong knowledge of commercial property exposures, catastrophe-exposed business, risk selection, pricing, coverage structures, terms and conditions, and portfolio management.
Demonstrated track record of developing and producing new business while maintaining underwriting discipline and profitability.
Ability to independently manage a book of business and exercise sound underwriting judgment within delegated authority.
Strong broker development, negotiation, and relationship-management capabilities.
Ability to identify, develop, and convert new business opportunities while maintaining strong risk selection and underwriting discipline.
Strong business acumen and ability to balance production, growth, retention, and underwriting profitability.
Strong organizational and analytical skills, including the ability to manage multiple priorities and complex accounts in a fast-paced, production-oriented underwriting environment.
Excellent verbal and written communication and negotiation skills.

Nice To Haves

Experience underwriting large commercial property accounts, shared and layered property programs, and/or construction-related property risks.
Established relationships with wholesale brokers and other key Property distribution partners.

Responsibilities

Independently underwrite, price, negotiate, and manage complex commercial property risks within delegated authority and established guidelines.
Review and evaluate new and renewal submissions, including property exposures, construction, occupancy, protection, catastrophe and natural-hazard exposure, loss history, valuation, financial information, and other relevant underwriting considerations.
Underwrite and structure complex property accounts, including large property risks and shared and layered placements, as applicable.
Develop and produce new business through established and prospective broker relationships, identifying opportunities aligned with underwriting strategy, appetite, and profitability objectives.
Build and maintain relationships with wholesale brokers and other key distribution partners, serving as a responsive and knowledgeable underwriting partner.
Manage an assigned portfolio, with accountability for premium growth, new business production, retention, rate, profitability, and overall portfolio quality.
Determine appropriate pricing, terms and conditions, limits, deductibles, coverage structures, and risk acceptability within assigned authority.
Negotiate with brokers while maintaining underwriting discipline and balancing growth with profitability and portfolio quality.
Monitor market conditions, competitive dynamics, catastrophe exposure, emerging risks, and portfolio trends to inform underwriting and business development decisions.
Partner with brokers, Risk Engineering, Claims, Actuarial, and other internal stakeholders to evaluate complex risks, develop insurance solutions, and pursue profitable opportunities.
Communicate underwriting decisions and maintain accurate, complete account documentation in accordance with underwriting standards, delegated authority, regulatory requirements, and internal controls.
Contribute technical underwriting and market expertise to broader initiatives and collaborate with colleagues to support business and portfolio objectives.