Senior Underwriter (Recreational Yachts)

mission-us; United States; Remote; USD 110,000 - 170,000; Full time

Job summary

Mission US is seeking a Senior Marine Underwriter to build and manage a profitable marine book while meeting loss ratio and premium targets. The role requires deep underwriting expertise and the ability to advise clients and colleagues.

You will assess risk, price policies, negotiate with brokers, and guide junior underwriters. This remote US position offers regular collaboration with brokers and clients and opportunities to influence underwriting standards.

Qualifications

• Bachelor’s degree or 5+ years of Marine underwriting experience.
• MS Word, Excel, PowerPoint proficiency.

Responsibilities

• Collect, review, and analyze an applicant history and records.
• Obtain additional information to determine eligibility and pricing.
• Determine level of risk, premium costs, and deductibles.
• Negotiate and define terms with brokers.
• Develop and enforce underwriting guidelines to maximize productivity.
• Conduct comprehensive risk assessments of applications and supporting documents.
• Review and underwrite complex policies to ensure compliance.
• Evaluate financial statements and loss history to assess client viability.
• Collaborate with brokers and clients to negotiate terms and pricing.
• Prepare policy documentation with clarity and accuracy.
• Provide risk management recommendations to clients.
• Stay updated on industry trends and regulatory changes.
• Mentor junior underwriters.
• Ensure compliance with internal guidelines and ethics.

Skills

Marine underwriting experience

Yacht underwriting experience

Analytical skills

Education

Bachelor's degree

Tools

MS Word

Excel

PowerPoint

Job description

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.