Senior Underwriter

Starr; Chicago (IL); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Training and development opportunities

Job summary

A global leader in commercial insurance is seeking a Property Underwriter to analyze and underwrite technical risk exposures on new and renewal business. This role requires a college degree and 3-5 years of experience with heavy industrial and technical risks. The successful candidate will maintain an existing account renewal book while developing new business accounts and ensuring high service standards. The company promotes a culture of innovation and development, offering opportunities for growth in a supportive environment.

Qualifications

• 3-5 years of Property underwriting experience involving heavy industrial/technical risks.
• Experience with risks including oil, petrochemical, chemical, steel, and power generation.

Responsibilities

• Analyze and underwrite technical risk exposures on new and renewal business.
• Maintain an existing account renewal book.
• Travel to conduct client and broker meetings on all major renewals.
• Develop new business account production.
• Ensure underwriting and service standards are met on assigned accounts.
• Develop insurance proposals and prepare policies.

Skills

Excellent oral and written communication

Strong math skills

Negotiation skills

Good organization and effective time management

Self-motivated and independent work traits

Education

College degree

Job description

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.

Essential Job Functions

• Analyze and underwrite technical risk exposures on new and renewal business
• Maintain an existing account renewal book
• Travel to and conduct client and broker meetings on all major renewals
• Develop new business account production.
• Travel to and complete marketing/sales meeting in assigned territories within the Midwest Region
• Ensure underwriting and service standards are met on assigned accounts
• Develop insurance proposals, prepare policies and endorsements, obtain Home Office underwriting approvals where needed.
• Detailed Risk Assessment.
• Experience in shared and layered accounts- expertise in underwriting complex risks including Foreign fronts.
• Broker relationship management. Experience in building and managing relationships with key brokers.
• Purchase reinsurance (only with approval) when needed, review reinsurance certificates and complete reinsurance documentation
• Arrange account engineering service

Requirements

• College degree
• 3-5 years Property underwriting experience involving heavy industrial/technical risks including oil, petrochemical, chemical, steel and power generation
• Excellent oral and written communication
• Strong math skills
• Negotiation skills. Ability to negotiate complex terms and pricing with brokers.
• Good organization and effective time management -ability to meet deadlines for new business quotes and renewals.
• Self-motivated and independent work traits

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.