Senior Underwriter - Ocean/Cargo Marine

MSIG USA; Chicago (IL); On-site; USD 110,000 - 150,000; Full time

Benefits offered by this job

Healthcare and Retirement Benefits

Comprehensive medical, dental, and vision coverage

401(k) with employer match

Wellness incentive program

Tuition reimbursement program

Paid time off

Job summary

A leading global insurance provider is seeking a Senior Underwriter to manage and underwrite profitable Marine business. The successful candidate will have 5+ years of Marine underwriting experience and the ability to build strong agency relationships. Responsibilities include monitoring underwriting results and establishing best practices in account management. This role offers a salary of $110,000 - $150,000 along with comprehensive healthcare and retirement benefits, tuition reimbursement, and paid time off.

Qualifications

• 5+ years of Marine underwriting experience with a proven record of productivity.
• Strong technical knowledge of commercial Inland Marine risks.
• Ability to travel for marketing and account management.

Responsibilities

• Underwrite and service Marine business according to guidelines.
• Establish and maintain agency relationships to grow business.
• Monitor underwriting results and loss trends.

Skills

Marine underwriting expertise

Strong business acumen

Portfolio management

Time management

Education

Bachelor’s degree or equivalent experience

CPCU/ insurance designations

Job description

Company Overview

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

MSIG USA continues to grow!

Summary

Produce, underwrite and service profitable Marine business in accordance with all department guidelines. Assumes a leadership role in the organization to positively influence staff and promote a positive image of MSIG in the marketplace. Develop agency relationships and build a profitable book of business.

Essential Functions

• Produces, selects and underwrites Marine risks within delegated underwriting authority, including construction, transportation or other classes of Inland Marine as authorized.
• Applies appropriate account selection, coverage and pricing techniques according to department guidelines.
• Monitors underwriting results, premium and loss trends within assigned book of business.
• Establishes and executes effective and efficient producer and client visits (in conjunction with other internal units and Marketing Representatives as necessary) in order to maintain existing accounts and develop new business.
• Coordinate with inter-company departments as well as producers, insureds, Distribution, and Marketing Representatives to ensure appropriate high level account management standards are maintained.
• Enhances underwriting expertise in the area of Marine including assisting in training and development of Department staff.
• Responsible for helping develop and implement best practices in the areas of Account Management.

Education And Experience Required

• Bachelor’s degree or equivalent business experience preferable. CPCU/ insurance designations encouraged.
• 5+ years of Marine underwriting experience, demonstrated productivity and profitability and strong business acumen related to building a profitable book of business.
• Strong knowledge and technical expertise of commercial Inland Marine exposures, risks, forms, coverages, and market capabilities.
• Strong portfolio management, production, organization and time management skills with an understanding of the company’s business objectives.
• Ability to travel as required for marketing, production and producer management activities.

Salary: The base pay range for Senior Underwriter is $110,000.00 - 150,000.00. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

Additional Benefits

• Healthcare and Retirement Benefits
• Comprehensive medical, dental, and vision coverage
• 401(k) with a generous employer match and profit-sharing contribution
• Wellness incentive program
• Life and accidental death and dismemberment (AD&D) insurance
• Flexible spending programs
• Short-term and long-term disability plans

Additional Benefit Programs

• Paid time off program
• Paid charitable leave
• Paid parental leave
• Tuition reimbursement program
• Personal insurance (auto/homeowners) discounts

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.