Senior Underwriter - Wholesale Property

Mitsui Sumitomo Insurance Group; New York (NY); On-site; USD 110,000 - 215,000; Full time

Job summary

Mitsui Sumitomo Insurance Group is seeking a Senior Underwriter for Wholesale Property in New York. This hybrid role involves underwriting complex commercial property risks and cultivating broker relationships to drive profitable growth.

The ideal candidate will have 5+ years of experience in commercial property underwriting, particularly within the wholesale/E&S market. A strong understanding of catastrophe modeling and excellent negotiation skills are required. The position offers a salary range of $110,000 to $215,000 annually.

Qualifications

• 5+ years of commercial property underwriting experience.
• Experience in the wholesale/E&S market and assessing large risks.
• Proven ability to build and maintain broker relationships.

Responsibilities

• Underwrite and price complex property risks.
• Develop and manage a profitable book of wholesale business.
• Negotiate terms and monitor market conditions.

Skills

Commercial property underwriting

Catastrophe modeling

Broker relationship management

Negotiation skills

Education

Bachelor’s degree in Finance, Risk Management, Business, or related field

Professional designations such as CPCU, ARM, ARE, AINS or AU

Tools

RMS

AIR

Verisk

Job description

Senior Underwriter - Wholesale PropertySkip to main contentMSIG USA uses cookies as set out in our Privacy Cookies Policy to give you the best experience on our site. By continuing to browse, you are agreeing to our use of cookies.#Senior Underwriter - Wholesale Property page is loaded## Senior Underwriter - Wholesale PropertyApplyremote type: Hybridlocations: NY-NYC (Ave of Americas)time type: Full timeposted on: Posted 3 Days Agojob requisition id: JR-000875MSIG USA continues to grow!**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.**Summary/Job Purpose:**The Senior Wholesale Property Underwriter is responsible for underwriting complex commercial property risks within the wholesale and excess & surplus (E&S) marketplace. This role focuses on evaluating submissions, pricing risk appropriately, and building strong broker relationships to drive profitable growth. The position requires deep technical expertise, sound judgment, and the ability to balance production goals with disciplined underwriting standards.**Essential Functions:****Percentage of Time:*** Evaluate, underwrite, and price complex property risks, including CAT-exposed accounts* Review submissions including loss runs, engineering reports, and catastrophe modeling outputs* Exercise underwriting authority to quote, bind, decline, or modify risks in accordance with company guidelines* Develop, manage, and grow a profitable book of wholesale business* Build and maintain strong relationships with wholesale brokers and distribution partners* Negotiate pricing, terms, conditions, and coverage structures tailored to individual risks* Monitor and respond to changing market conditions, capacity, and competitive dynamics* Ensure compliance with underwriting guidelines, regulatory requirements, and internal audit standards* Collaborate with actuarial, claims, risk control and CAT management teams to support profitability and risk management* Provide guidance, mentorship, and technical support to junior underwriting staff as needed**Supervisory Responsibilities:**This position has no supervisory responsibilities.**Qualifications:** To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. • Ability to manage multiple priorities in a fast-paced, production-driven environment* Advanced knowledge of commercial property underwriting, particularly within the wholesale/E&S market* Strong technical expertise in catastrophe modeling and exposure analysis* Ability to assess large, complex, and challenging risks with sound underwriting judgment* Proven track record of building and maintaining broker relationships* Strong negotiation, analytical, and decision-making skills* Excellent communication and presentation skills**Education and Experience Required:*** Bachelor’s degree in Finance, Risk Management, Business, or related field (or equivalent experience)* 5+ years of commercial property underwriting experience, with significant exposure to wholesale/E&S business* Experience underwriting middle-market to large property risks. With an emphasis on non-admitted business, layered placements, & shared programs.* Professional designations such as CPCU, ARM, ARE, AINS or AU are strongly preferred* Experience with catastrophe modeling tools (e.g., RMS, AIR, Verisk) is a plusSALARY: The estimated salary range for this position is $110,000 to $215,000 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors.#LI - HYBRIDIt'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.