Senior Underwriter, Inland Marine

About the position

As a Senior Underwriter, you will be responsible for delivering a profitable 'Underwriting' service to your clients. Your key tasks include underwriting business within the agreed business plan and individual authority, supporting the business planning and forecasting process, monitoring financial exposure within outlined limits, monitoring premium income to ensure it remains within set limits, maintaining awareness of all claims advised while supporting and providing input on settlement of claims, ensuring adequate reinsurance acquired to cover specific risks, and building and maintaining relationships with brokers and clients.

Responsibilities

• Reviewing submissions including specifications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
• Calculating appropriate risk premium by considering the risk costs inherent to the sector, loss experience, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
• Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
• Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
• Controlling timely implementation of new and renewed accounts according to quality standards.
• In coordination with other internal teams, determining appropriate reinsurance for risk placements on an excess of loss basis.
• Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
• Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
• Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.
• Work with other business units on cross sell opportunities.

Requirements

• Bachelor's Degree (or equivalent)
• Some experience in Marine Insurance.

Nice-to-haves

• Under technical direction, works within significant limits on assignments of higher technical complexity and coordination.
• Possesses demonstrated technical knowledge and skills, including product and industry, reflective of successful progression through various job family levels.
• Advanced analytical, negotiation and sales/marketing skills.
• Excellent written and oral communication skills.
• Interpersonal Savvy - Demonstrated ability to build and maintain outstanding insured and broker contacts.
• Ability to develop and understand business processes, strategy and planning.
• Collaborative team player who provides creative solutions and ideas for resolution.

Benefits

• Competitive compensation and personalized, inclusive benefits.
• Flexible Working Arrangements.
• Enhanced family-friendly leave benefits.
• Robust support for Diversity and Inclusion initiatives.
• Health and wellness programs.
• Retirement savings plan.
• Learning opportunities for professional skills development.