Coaction Global · 23 hours ago
Senior Underwriter Financial Institutions
Morristown, NJ
Full-time
Onsite
Mid, Senior Level
$116K/yr - $148K/yr
5+ years expCoaction Global is a unique mix of leaders, achievers, thinkers, and team players in the insurance industry. The Senior Underwriter will analyze and underwrite complex financial institutions, assess regulatory exposure, and build strong relationships with brokers and clients while achieving premium and profit targets.
Commercial InsuranceFinanceFinancial ServicesInsuranceInsurTechProperty Insurance
Responsibilities
Analyze and underwrite complex financial institutions such as banks, insurance companies, credit unions, investment banks, investment advisers, fund structures, hedge funds, private equity firms, venture capitalists, equity and bond exchanges, market makers, high frequency traders, FINTECHs, INSURETECHs, decentralized finance organizations and others
Assess and analyze regulatory exposure, financial strength, corporate governance, internal controls, regulatory status and claims/loss history
Determine appropriate coverage terms, pricing and insurance program structure
Prepare and document risk assessments, underwriting authority referrals and pricing justification in accordance with underwriting guidelines
Achieve premium, profit and expense targets goals
Build and maintain strong broker and client front office relationships
Respond promptly to submissions, inquiries, product questions, quote and other service requests
Represent Co/Action Specialty brand at meetings, conference calls and industry events
Adhere to portfolio steering and management specifications
Maintain bottom-line oriented underwriting discipline and profitability
Monitor aggregate exposures
Assist in business planning and forecast of financial results
Ensure all policy and underwriting file documentation is accurate and complete
Collaborate with the FI, CU and other teams at Co/Action
Monitor industry trends, regulatory developments and financial sector-specific news
Stay informed of peer underwriting behavior, product offerings and ratings actions
Contribute to product development, thought leadership and strategy
Qualification
Required
Bachelor's degree or equivalent experience preferably in finance, insurance, risk management, accounting, economics or related field of study
Minimum of 5 years' experience underwriting professional liability lines of business
Proven ability to underwrite complex financial institution risks such as banks, credit unions, investments advisors, insurance companies
Strong customer-oriented product management skills
Strong negotiation skills
Ability to explain underwriting decisions
Familiarity with loss history analysis, financial analysis
Superior communication and organizational skills
Strong project and people management skills
Must be able to identify exposures and hazards and willingness to learn
Ability to distill complex concepts into simpler examples
Strong decision-making skills
Preferred
CPCU or ARM
Benefits
Discretionary incentive bonus
Paid time off
Medical
Dental
Retirement
Company
Coaction Global
Coaction Global (Coaction) is an A.M. Best “A-“ (Excellent)-rated, property and casualty (P&C) insurance company.
201-500 employees
Funding
Current Stage
Public CompanyTotal Funding
$200M2023-09-07Private Equity· $200M
2021-08-04Private Equity
2021-01-15Acquired
Leadership Team
Jonathan Ritz
Chief Executive Officer
Ellen Edmonds
Chief Actuarial Officer
Recent News
2025-08-26
2024-06-05
Insurance Insider US
2024-06-05
Company data provided by crunchbase