Underwriter, Marine

Starr Insurance•New York, NY

About The Position

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents. Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people. Starr is a global insurance and investment organization providing property and casualty insurance 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. Join us and become part of our talented and passionate workforce. https://starr.com/About/Careers

Requirements

2-5 years of ocean marine underwriting experience, demonstrated productivity and profitability with a progressive and disciplined underwriting acumen
Bachelor’s degree or equivalent business experience preferable
Oral and Written Communication
Presentation Skills
Problem Solving/Decision Making
Initiative
Sales and Negotiation Skills
Customer Service
Planning, Organization and Time Management
Results Orientation
Teamwork
Adaptability
Interpersonal Effectiveness
Computer Skills

Responsibilities

Evaluate and underwrite risk: Assess applications for ocean marine insurance (including cargo, hull and machinery, marine liabilities and related coverages) by analyzing risk factors and other data to determine insurability and appropriate terms.
Price and quote policies: Develop pricing, premiums, deductibles, limits, and policy terms/conditions using sound underwriting judgement, market conditions, company guidelines, and personal underwriting authority level to ensure profitability.
Negotiate terms: Skillfully negotiate coverage, rates, and conditions with brokers, agents, insureds, or customers on complex accounts to achieve favorable outcomes while balancing risk and business goals.
Manage a book of business: Oversee an assigned portfolio of accounts, focusing on profitability, growth, retention, renewal decisions, and monitoring performance metrics (i.e. loss ratios, rate movements, etc.).
Build and maintain relationships: Develop and expand producer / broker networks, and foster relationships with clients and intermediaries to support new business productions and retention.
Support business development: Contribute to production goals by identifying opportunities, underwriting new business efficiently, and collaborating on strategic objectives.
Monitor and report: Track loss activity, rate adequacy, market trends, and portfolio performance; provide input on underwriting strategies or improvements.
Meets all file documentation standards, comply with underwriting and authority level standards and pass all audits (both internal and external).
Demonstrate a working knowledge of Starr Marine’s forms and endorsements, including various manuscript forms required on more complex accounts.