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MSIG USA · 2 weeks ago

Builders Risk Underwriter

New York, NY

Full-time

Onsite

Mid Level

$135K/yr - $150K/yr

3+ years exp

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., a global Class 15 insurer. The Builders Risk Underwriter role focuses on underwriting and servicing builders risk business through relationships with construction brokers, ensuring profitability and maintaining effective client relationships.

FinanceFinancial ServicesInsurance

Responsibilities

Underwrites, and services both project and master builders risks within delegated underwriting authority

Apply appropriate account selection, coverage, risk management, aggregate management, reinsurance and pricing techniques according to department guidelines to achieve target profitability for all new, renewal and endorsement activity within the assigned book of business

Maintain underwriting files and systems in accordance with department guidelines

Ensure aggregate management and risk management activities are appropriate to the risk, in line with department guidelines, and that systems reflect current and accurate data for assigned accounts per department guidelines

Monitor underwriting results, loss trends and market developments for assigned business and producers within assigned territory

Implement best practices in account management throughout the underwriting cycle, including coordination with other internal business units as appropriate

Maintain existing accounts and develop new sources of business in line with department risk appetite and guidelines to achieve targeted volume

Establish and maintain effective producer and client relationships within assigned territory

Coordinate activities with other internal business units as appropriate

Provide timely and best in class professional service to our customers

Promote a positive impression of MSIG to producers, insureds and within the marketplace in general

Enhance technical expertise through continuing education opportunities as appropriate and available

Assist in training, mentoring and development of other department staff

Qualification

Underwriting experienceRisk managementPortfolio managementCPCU designationNegotiation skillsBusiness acumenTime managementTeam collaboration

Required

High School degree is required

3+ years of relevant underwriting experience with demonstrated productivity, profitability and business acumen

Strong knowledge and technical expertise of relevant risks including exposures, forms, coverages, pricing methods, aggregate management, reinsurance and account management

Demonstrated market presence with the ability to form lasting producer relationships and in depth knowledge of production sources and market capabilities within the assigned territory and product lines

Strong portfolio management, organization, negotiation and time management skills with an understanding of the company's business objectives

Demonstrated ability to work effectively within teams across multiple disciplines and support activities