Senior Underwriter (Recreational Yachts)

Mission Underwriting Managers; United States; Remote; USD 120,000 - 160,000; Full time

Benefits offered by this job

401K, 401K Match

Life and Disability Benefits

11 Paid Holidays

Employee Discounts

Employee Assistance Program

Educational Assistance Program

Employee Referral Program

Job summary

Mission Underwriting Services is seeking a Senior Marine Underwriter to develop and maintain a profitable marine book within guidance on loss ratios and premium volumes. You will assess risk, underwrite policies, and guide clients and colleagues with expertise in marine underwriting and yacht-related work.

The role emphasizes collaboration with brokers and clients, accurate policy documentation, and proactive risk management.

Qualifications

• Bachelor's degree; OR 5+ years of experience in Marine underwriting.
• Working knowledge of MS Word, Excel, PowerPoint

Responsibilities

• Collect, review, and analyze an applicant’s history and records.
• Obtain additional information to determine eligibility and pricing.
• Determine level of risk, premium costs, and deductibles.
• Negotiate and define terms of insurance policies with brokers.
• Develop and enforce underwriting rules to maximize productivity.
• Conduct risk assessments from applications, guidelines, and documents.
• Review and underwrite complex policies ensuring compliance.
• Evaluate financial statements and loss history to assess client viability.
• Use guidelines, actuarial data, and market trends to determine pricing.
• Collaborate with brokers, agents, and clients to negotiate terms and pricing.
• Prepare and issue accurate policy documents and endorsements.
• Provide risk management recommendations and loss prevention advice.
• Stay updated on industry trends and regulatory changes.
• Mentor junior underwriters and promote professional development.
• Maintain compliance with internal guidelines and best practices

Skills

Marine underwriting

Risk assessment

Underwriting policies

Client communication

Pricing and terms

Education

Bachelor's degree or 5+ years Marine underwriting experience

Tools

MS Word

Excel

PowerPoint

Job description

About Mission Underwriting Services

At Mission Underwriters, we provide the capital, issuing paper, and reinsurance access you need to launch your own Program Administrator (PA) business quickly and efficiently. We offer non-recourse capital for qualified underwriters, giving you a manageable risk profile with potential equity upside. By taking care of administrative complexities like compliance, risk management, accounting, and HR, we free you to focus on what you do best—underwriting and distribution. Our turnkey platform gets you into the market in just a few months, minimizing disruption to your key relationships. With access to our network of highly rated issuing carriers and reinsurance partners, you can secure coverage with less stress and uncertainty. Built from the ground up, our purpose-driven technology simplifies workflows, enhances responsiveness, and eliminates the burden of outdated legacy systems.

What We Offer

• 401K, 401K Match
• Life and Disability Benefits
• 11 Paid Holidays
• Employee Discounts
• Employee Assistance Program
• Educational Assistance Program
• Employee Referral Program

About The Role

The Senior Marine Underwriter is responsible for developing and maintaining a profitable book of business within loss ratio and premium volume targets. As a Senior Marine Underwriter, you will play a crucial role in assessing and evaluating risk, underwriting insurance policies, and providing expert guidance to clients and colleagues. Candidates must have Marine underwriting experience and preferably Yacht experience to be considered.

What You'll Do

• Collect, review, and analyze an applicant’s relevant history and records.
• Obtain additional information about an applicant as necessary to determine eligibility and pricing.
• Determine level of risk, premium costs, and deductibles.
• Negotiate and define terms of insurance policies with brokers.
• Assist with the development and enforcement of underwriting rules and guidelines with the objective of maximizing productivity and underwriting consistency.
• Conduct comprehensive risk assessments by analyzing insurance applications, underwriting guidelines, and supporting documents to determine the insurability and associated risks.
• Review and underwrite complex insurance policies, ensuring compliance with company policies and regulatory requirements.
• Evaluate financial statements, loss history, and other relevant data to assess the financial stability and viability of Seafarer’s clients.
• Utilize underwriting guidelines, actuarial data, and market trends to determine appropriate pricing and rating structures for insurance policies.
• Collaborate with brokers, agents, and clients to negotiate terms, conditions, and pricing of insurance policies, while maintaining positive relationships and providing exceptional customer service.
• Prepare and issue accurate policy documentation, including policy wordings, endorsements, and other related documents, ensuring clarity, accuracy, and compliance.
• Provide risk management recommendations and advice to clients, including suggestions for loss prevention, safety measures, and risk mitigation strategies.
• Stay updated on industry trends, regulatory changes, and emerging risks in the sector to effectively assess and adapt underwriting strategies.
• Mentor and guide junior underwriters, providing support, training, and sharing industry expertise to promote professional development and overall team success.
• Ensure compliance with internal underwriting guidelines, regulatory requirements, and industry best practices, maintaining the highest standards of ethics and professionalism.

Required Qualifications

• Bachelor's degree; OR 5+ years of experience in insurance underwriting (Marine).
• Working knowledge of MS Word, Excel, PowerPoint

Preferred Qualifications

• Experience in the commercial insurance industry and regulatory environment.
• Ability to travel up to 10% of the year

Knowledge, Skills and Abilities

• Excellent verbal and written communication skills, including ability to effectively communicate with internal and external customers.
• Must demonstrate self-motivation, dependability, as well as strong problem solving and analytical skills.
• Ability to manage multiple priorities and meet deadlines.

This is a remote position. Planned, in-office activities may be required on occasion (typically 2-4x per year).

You must live in the United States and be authorized to work in the United States without requirement of employment sponsorship/visa.