Senior Underwriter

Starr Companies•New York, NY

40d•$125,000 - $160,000

About The Position

Starr Companies is a global insurance and investment organization providing solutions to business and industry, and one of the fastest-growing insurance companies in the world. Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic, competitive and ever-changing marketplace. We are seeking a highly motivated and detail-oriented individual to join the Builder's Risk team based in NYC. The successful candidate will ideally have a minimum of 5 years' experience in underwriting Builder's Risk &/or brokering of same combined with a strong understanding of commercial underwriting principles and knowledge of the marketplace.

Requirements

5 years underwriting/brokering experience with a focus on Builder's Risk (construction property); Large property (greater than 100MM Value per location); Technical property underwriting experience is considered a plus particularly pertaining to Civil Projects e.g. bridge, tunnel, rail, road construction
Computer skills
Word processing, spreadsheet utilization, and slide-show assembly and presentation
Analytical mind
Creativity and adaptability
Service-oriented
Able to work in a team environment
Excellent organizational skills
Salesmanship attributes

Nice To Haves

Technical property underwriting experience is considered a plus particularly pertaining to Civil Projects e.g. bridge, tunnel, rail, road construction

Responsibilities

Actively solicit and review submission(s) from various production sources
Analyze submitted documentation according to company underwriting standards and guidelines and identify additional information requirements
Understand and deploy the various risk tools namely ; RMS; Risk meter; Nathan; CATNET etc.
Subject to written underwriting authority prepare and present quotation terms and conditions as submitted. Prepare written referral document and submit for approval to the appropriate authority when quoted terms or conditions fall outside underwriting authority
Review and approve binding terms and conditions for new and renewal business as well as endorsements and amendments to existing policies. Review and approve final bound policy terms prior to mailing to broker/client in accordance with underwriting standards and guidelines
Prepare and approve insurance details for binders and reinsurance layoff sheets for underwriting assistants, in order to book and bill new and renewal accounts
Understand the fundamentals of facultative reinsurance
Review and approve policy forms for all new and renewal policies according to binding terms for policy issuance by U/A prior to issuance
Prepare and approve file documentation in accordance with documentation procedures
Prepare various Home Office reports as requested or required
Other duties which may be assigned by the manager