Underwriter I, Recreational Marine

Ryan Specialty•Boston, MA

3d•$85,855 - $100,000

About The Position

The Underwriter I evaluates, selects, prices, and manages new and renewal recreational marine risks within assigned underwriting authority. The role analyzes submissions, recommends or determines coverage terms and conditions, supports profitable portfolio growth, and builds productive relationships with brokers, agents, carriers, clients, and internal partners. The underwriter applies company guidelines, sound judgment, and marine product knowledge to provide responsive service and achieve disciplined underwriting results. The position reviews submission materials and assesses risk characteristics, accumulation, and catastrophe exposure to accept, modify, refer, or decline risks. It determines or recommends coverage structures and pricing, communicates underwriting decisions, manages portfolio performance, and maintains complete documentation. The role also collaborates across functions, monitors market and regulatory developments, and participates in broker and client engagement, industry events, training, and business planning.

Requirements

Minimum of 3 years of commercial property and casualty underwriting experience.
Working knowledge of underwriting principles, policy forms, pricing concepts, exposure analysis, and portfolio management.
Ability to analyze complex submissions, make timely decisions, document rationale, and operate within delegated authority.
Strong communication, negotiation, relationship management, organization, and attention to detail.
Proficiency with underwriting systems, Microsoft Office applications, and business data or reporting tools.
Ability to obtain and maintain required property and casualty and/or surplus lines licenses in applicable jurisdictions.

Nice To Haves

Bachelor's degree in insurance, risk management, business, finance, maritime studies, or a related field; equivalent relevant experience may be considered.
Professional designation such as CPCU, AU, ARM, AMIM, CIC, or another relevant insurance credential.
Experience working with wholesale brokers, retail agents, managing general underwriters, carriers, or specialty insurance markets.
Chartered Property Casualty Underwriter (CPCU) is a plus.

Responsibilities

Underwrite new and renewal marine business according to underwriting guidelines, risk appetite, delegated authority, carrier requirements, and applicable laws and regulations.
Review applications, loss information, exposure data, inspections or surveys, financial information, policy forms, endorsements, and other submission materials; request additional information when needed.
Assess risk characteristics and accumulation or catastrophe exposure, then accept, modify, refer, or decline risks within established authority.
Determine or recommend limits, deductibles, rates, premiums, terms, conditions, exclusions, subjectivities, and coverage structure.
Prepare and communicate quotes, indications, bind requests, declinations, and renewal terms accurately and within service expectations.
Manage an assigned portfolio by monitoring rate, retention, business mix, loss activity, exposure changes, and overall underwriting performance.
Identify opportunities for new business, account rounding, cross-selling, and retention while maintaining underwriting discipline.
Negotiate coverage and pricing with brokers or agents and explain underwriting decisions, information requirements, and product appetite.
Maintain complete, accurate, and timely underwriting documentation in designated systems and support policy issuance, endorsements, audits, and file reviews.
Partner with claims, actuarial, operations, compliance, finance, risk engineering or loss control, legal, and other teams to evaluate risk and improve portfolio outcomes.
Monitor market conditions, emerging marine exposures, regulatory developments, loss trends, and competitor activity; share relevant insights with the team.
Participate in broker meetings, client visits, industry events, training, and business planning activities as assigned.