Regional Underwriting Manager - General Property

Starr Specialty Lines Insurance Agency, LLC; Chicago (IL); On-site; USD 120,000 - 160,000; Full time

Job summary

Starr Insurance Companies in Chicago seeks an experienced Underwriter to lead large property accounts for the Midwest market. You will assess risks, determine coverage terms, and set pricing in collaboration with brokers and clients.

This role requires a strong track record in underwriting profitability, excellent negotiation skills, and proficiency with underwriting software. Join a global team dedicated to growth and client service.

Qualifications

• Bachelor's degree in a related field; advanced degree or professional certifications are a plus.
• 10 years of underwriting experience in large property accounts.
• In-depth knowledge of the energy industry, including familiarity with various energy sources, technologies, and associated risks.
• Strong analytical and decision-making skills with the ability to assess complex risks.
• Excellent communication and negotiation skills, with the ability to build and maintain relationships.
• Proven track record of meeting underwriting goals and contributing to the profitability of a portfolio.
• Proficient in using underwriting software and other relevant tools.

Responsibilities

• Manage the Midwest Underwriting Team
• Evaluate and underwrite large property insurance submissions.
• Conduct comprehensive risk assessments and analysis to determine appropriate coverage, terms, and pricing.
• Collaborate with brokers, clients, and internal teams to gather necessary information and ensure a thorough understanding of each risk.
• Maintain a keen awareness of industry trends, regulatory changes, and emerging risks.
• Develop and maintain strong relationships with clients, brokers, and other key stakeholders.
• Work closely with the management team to establish underwriting guidelines and strategies for the portfolio
• Monitor and manage the performance of the assigned portfolio, making recommendations for adjustments as needed.

Skills

Underwriting large property accounts

Risk assessment

Analytical skills

Communication & negotiation

Portfolio profitability

Education

Bachelor's degree in a related field

Advanced degree or professional certifications

Tools

Underwriting software

Job description

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 Insurance Companies is seeking a highly skilled and experienced Underwriter to join our dynamic team, specializing in large property accounts. As a key player in our profit center, the Underwriter will play a crucial role in assessing risk, underwriting policies, and contributing to the profitability and growth of our portfolio.

Responsibilities:

• Manage the Midwest Underwriting Team
• Evaluate and underwrite large property insurance submissions.
• Conduct comprehensive risk assessments and analysis to determine appropriate coverage, terms, and pricing.
• Collaborate with brokers, clients, and internal teams to gather necessary information and ensure a thorough understanding of each risk.
• Maintain a keen awareness of industry trends, regulatory changes, and emerging risks.
• Develop and maintain strong relationships with clients, brokers, and other key stakeholders.
• Work closely with the management team to establish underwriting guidelines and strategies for the portfolio
• Monitor and manage the performance of the assigned portfolio, making recommendations for adjustments as needed.

Qualifications:

• Bachelor's degree in a related field; advanced degree or professional certifications are a plus.
• 10 years of underwriting experience in large property accounts.
• In-depth knowledge of the energy industry, including familiarity with various energy sources, technologies, and associated risks.
• Strong analytical and decision-making skills with the ability to assess complex risks.
• Excellent communication and negotiation skills, with the ability to build and maintain relationships.
• Proven track record of meeting underwriting goals and contributing to the profitability of a portfolio.
• Proficient in using underwriting software and other relevant tools.

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