Senior Underwriter (Recreational Yachts)

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.

What We Offer

• Remote First Work Environment (US Based)
• Medical, Dental, Vision
• 401K, 401K Match
• Life and Disability Benefits
• Unaccrued Paid Time Off
• 11 Paid Holidays
• Employee Discounts
• Employee Assistance Program
• Educational Assistance Program
• Employee Referral Program
• Paid Parental Leave