Executive Underwriter, Inland Marine (New York)

Palomar Insurance Agency, Inc. • NY

330d • $125,000 - $190,000

About The Position

Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. We are looking for an experienced Executive Underwriter for our Inland Marine lines. Successful candidates must be able to produce and manage a profitable book of business through the development of relationships with brokers and customers. You will use our proprietary software to help you achieve results and share your industry expertise with other underwriters on your team. The Executive Underwriter will be reporting to the VP, Underwriting, Inland Marine.

Requirements

• Minimum 5 years of inland marine insurance experience
• Bachelor’s degree required
• Excellent communication skills, both verbal and written
• Ability to apply underwriting/appetite, tools, systems, and resources to achieve goals, solve complex problems
• Able to quickly establish and build healthy working relationships, excels in mentoring relationships
• Drives for results and takes initiative to help support the team
• Ability to quickly learn and work in various technical platforms
• CPCU or professional insurance designation strongly preferred
• Professional, analytical, and adaptable attitude
• Ability to organize, self-prioritize, and be a self-starter in a fast-paced environment with demanding internal and external deadlines

Nice To Haves

• Build strong relationships through transparency, trust, and respect for each other.
• Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
• Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
• Do the right thing with strong conviction and integrity.
• Be bold and innovative to help make an impact.
• Zoom in and out between strategic and tactical.
• Demonstrable track record of working autonomously and driving progress.
• Be intellectually curious, think creatively, and pragmatic.
• Be hands on with their team and roll up their sleeves.
• Lead with empathy and support personal and professional development.
• Empower people to continue to grow and see a bigger picture.

Responsibilities

• Select, price, quote and review new & renewal business in accordance with company underwriting guidelines and experienced, underwriting judgment.
• Independently work with assigned distribution channels to appropriately select risks, evaluate and recommend program structure, services and pricing to achieve a balanced portfolio and long-term profitability.
• Establish and maintain strong business relationships to develop new opportunities as well as visit brokers/producers to retain existing accounts in support of the producer and territory management plan.
• Be well versed in underwriting Inland Marine lines of business with emphasis on Builders Risk both primary and quota share.
• Independently review engineering information to assess risk quality and compliance within company guidelines and initiate appropriate loss prevention actions.
• Evaluate reinsurance requirements and implement appropriate action.
• Communicate and collaborate across disciplines to establish and maintain relationships to achieve organizational and policyholder success.
• Actively continue to improve personal knowledge and practices of the insurance industry through work experience, in-house instruction, insurance specific designations (e.g. CPCU), industry courses, home office seminars and workshops.

Benefits

• Full Suite of Medical Benefits
• Long Term Financial Incentives: All team members receive company equity.
• 401k with 3.5% automatic fully vested Employer Contribution
• Competitive PTO + Holiday Program
• Hybrid Work Environment
• Lifestyle Spending Account
• Professional Development Assistance
• Career Exploration Opportunities
• Regular company-wide social events (even virtually!)

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree