Underwriter, Marine

Starr Insurance • New York, NY

1d

About The Position

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level