Aviation Insurance - Underwriter

United States Aircraft Insurance Group

$70K — $120K *
Aerospace & Defense
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in aviation/business preferred
  • Private pilot license with instrument rating desired (300+ flight hours preferred)
  • 1-3 years of experience in aviation insurance
  • Strong understanding of industry issues and trends
  • Advanced analytical and mathematical skills required
  • Solid knowledge of Microsoft Office Suite
  • Excellent interpersonal and communication skills

Responsibilities

  • Analyze risk factors by reviewing documents and applications
  • Evaluate insurance needs based on company records
  • Communicate with clients and brokers for information and policy explanations
  • Design tailored insurance programs from risk assessments
  • Decline risks that do not meet company standards
  • Generate underwriting reports using various software tools
  • Maintain strong relationships with clients and brokers

Benefits

  • Professional development opportunities
  • Flexible work environment
  • Team-based collaborative culture
  • Exposure to a variety of aviation insurance cases
  • Access to industry-related training and courses
Full Job Description
Aviation Insurance - Underwriter - Chicago

Position Description

Do you have a pilot's heart and an accountant's attention to detail? If so, we'd like to hear from you! We currently offer an excellent opportunity for an Aviation Insurance - Underwriter in our Chicago Branch Office. The successful candidate will review general aviationinsurance proposals to evaluate, classify and rate personal, corporate orcommercial programs, accept or reject applications, negotiate pricing andcoverage and perform various administrative functions by engaging in andperforming duties and responsibilities which include but are not limited to thefollowing:

Position Responsibilities

- Examine documents such as applications and inspection reports to analyze risk factors relating to the aircraft, factors such as applicant's use of aircraft, pilots and airports, financial standing, accident experience, and value and condition of aircraft.
- Review company records to determine amount of insurance in force on single risk or group of closely related risks, and evaluate possibility of losses due to catastrophe.
- Communicate with clients and brokers, insurance or inspection companies to obtain information, quote rates, or explain company underwriting policies.
- Design customized insurance programs based upon risk assessment.
- Decline undesirable risks based upon company designated criteria.
- Create underwriting reports utilizing word processing, spreadsheet and data base software programs.
- Initiate administrative processes such as generation of quotes, binders, invoices and insurance policies.
- Create and maintain strong internal and external client relations.
- Perform miscellaneous projects and administrative functions as assigned.

Role Qualifications and Experience

- Bachelor's Degree; aviation/business related concentration preferred.
- Private pilot license with instrument rating desired. Approximately 300 plus flight hours preferred.
- One to three years aviation insurance experience preferred. Prior aviation industry experience desired.
- High quality underwriting and customer service skills required to handle complex coverage issues and challenging client relations.
- Strong knowledge of industry issues and trends required.
- Advanced analytical and mathematical proficiency preferred.
- Solid computer skills required. Microsoft Office Word, Excel, PowerPoint and Access desired.
- Excellent interpersonal skills and ability to handle challenging client relations necessary.
- Strong communication skills including solid presentation skills required.
- Solid negotiation skills and ability to exercise sound judgment and decision making necessary.
- Independent thinker possessing self motivation, detail orientation, solid organization skills and ability to prioritize projects and work assignments needed.
- Ability to work well under time constraints and meet deadlines required.
- Ability to work well in a team environment and collaborate with internal and external business partners to ensure timely and appropriate management of service issues needed.
- Attainment of insurance agent's license and continuing education requirements for license renewal necessary.
- Ability to work from the Company's physical office location needed.
- Flexibility to travel (some overnight travel); sometimes with short notice required.
- Willingness to take professional development, insurance and aviation related courses necessary.

Salary Range
70,000.00 - 120,000.00 USD
Theannual base salary range posted represents a broad range of salaries around theU.S. and is subject to many factors including but not limited to credentials,education, experience, geographic location, job responsibilities, performance,skills and/or training.

Our Corporate Address

United States Aircraft Insurance Group
125 Broad Street
New York, NY 10004

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