Senior Underwriter (Recreational Yachts)

Mission US

10h•Remote

About The Position

The Senior Marine Underwriter develops and maintains a profitable book of business within loss ratio and premium volume targets. The role assesses and evaluates risk, underwrites insurance policies, and provides expert guidance to clients and colleagues. Marine underwriting experience is required; yacht experience is preferred. The position is remote. Planned in-office activities may be required occasionally, typically two to four times per year. The successful candidate must live in the United States and be authorized to work there without employment sponsorship or a visa.

Requirements

Bachelor’s degree, or at least 5 years of experience in Marine insurance underwriting.
Marine underwriting experience.
Working knowledge of MS Word, Excel, and PowerPoint.
Excellent verbal and written communication skills, including the ability to communicate effectively with internal and external customers.
Self-motivation and dependability.
Strong problem-solving and analytical skills.
Ability to manage multiple priorities and meet deadlines.
Must live in the United States and be authorized to work in the United States without employment sponsorship or a visa.

Nice To Haves

Yacht underwriting experience.
Experience in the commercial insurance industry and regulatory environment.
Ability to travel up to 10% of the year.

Responsibilities

Collect, review, and analyze applicants’ relevant histories and records.
Obtain additional applicant information as needed to determine eligibility and pricing.
Determine risk levels, premium costs, and deductibles.
Negotiate and define insurance policy terms with brokers.
Assist in developing and enforcing underwriting rules and guidelines to maximize productivity and underwriting consistency.
Assess insurance applications, underwriting guidelines, and supporting documents to determine insurability and associated risks.
Review and underwrite complex insurance policies in compliance with company policies and regulatory requirements.
Evaluate financial statements, loss history, and other relevant data to assess clients’ financial stability and viability.
Use underwriting guidelines, actuarial data, and market trends to determine policy pricing and rating structures.
Collaborate with brokers, agents, and clients to negotiate policy terms, conditions, and pricing while maintaining positive relationships and providing customer service.
Prepare and issue accurate policy documentation, including policy wordings and endorsements.
Provide clients with risk management recommendations, including loss prevention, safety measures, and risk mitigation strategies.
Stay informed about industry trends, regulatory changes, and emerging risks, and adapt underwriting strategies accordingly.
Mentor and guide junior underwriters through support, training, and sharing industry expertise.
Ensure compliance with internal underwriting guidelines, regulatory requirements, and industry best practices, while maintaining ethical and professional standards.