Starr Insurance Companies
Senior UnderwriterStarr Insurancepanies is a leading insurance and investment organization, providingmercial 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 insurancepany 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.
Title Senior Underwriter
Department Construction Property (Builders Risk)
Job Description Starrpanies is a global insurance and investment organization providing solutions to business and industry, and one of the fastest-growing insurancepanies in the world. Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic,petitive 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 samebined with a strong understanding ofmercial underwriting principles and knowledge of the marketplace.
Duties and responsibilities of the position
Actively solicit and review submission(s) from various production sources
Analyze submitted documentation according topany 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
Skills / Experience Required
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 bridge, tunnel, rail, road construction
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
For individuals assigned and / or hired to work in New York, Starr Insurancepanies is required by law to include a reasonable estimate of thepensation range for this role. The wage range for this role considers the wide range of factors that are considered in makingpensation decisions including but not limited to skill sets : experience and training : licensure and certifications : and other business and organizational needs. A reasonable estimate of the current range is $125,000 - $160,000
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'remitted 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.
Job ID JR3416
#J-18808-Ljbffr
Cornelius Vander Starr established his first insurancepany 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.
Title Senior Underwriter
Department Construction Property (Builders Risk)
Job Description Starrpanies is a global insurance and investment organization providing solutions to business and industry, and one of the fastest-growing insurancepanies in the world. Our talented and experienced associates manage risk and ultimately support the profitable growth of organizations in a dynamic,petitive 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 samebined with a strong understanding ofmercial underwriting principles and knowledge of the marketplace.
Duties and responsibilities of the position
Actively solicit and review submission(s) from various production sources
Analyze submitted documentation according topany 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
Skills / Experience Required
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 bridge, tunnel, rail, road construction
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
For individuals assigned and / or hired to work in New York, Starr Insurancepanies is required by law to include a reasonable estimate of thepensation range for this role. The wage range for this role considers the wide range of factors that are considered in makingpensation decisions including but not limited to skill sets : experience and training : licensure and certifications : and other business and organizational needs. A reasonable estimate of the current range is $125,000 - $160,000
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'remitted 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.
Job ID JR3416
#J-18808-Ljbffr