Builders Risk Senior Underwriter

Starr Insurance Companies • $95K — $115K *

Atlanta, GA 30349In-Person

Finance & Insurance

5 - 7 years of experience

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Job Overview by Ladders

Qualifications

Bachelor's degree in Business, Finance, Insurance, or related field; advanced degree or professional designations preferred.
5-7 years of Builders Risk insurance underwriting experience, with Master Builders Risk underwriting experience preferred.
Expertise in underwriting primary, quota share, and excess structures.
Capability to assess reinsurance needs and negotiate with brokers.
Comprehensive understanding of construction projects and associated risks.
Strong analytical and decision-making abilities.
Exceptional communication and negotiation skills.
Proficient with underwriting software and Microsoft Office.

Responsibilities

Evaluate and underwrite complex Builders Risk insurance policies in compliance with guidelines.
Analyze submissions and assess risks to determine policy terms.
Negotiate manuscript form wordings and coverages.
Build and maintain relationships with brokers, agents, and clients for business growth.
Collaborate with the underwriting team for consistent risk assessment and accuracy.
Mentor junior underwriters and promote professional growth.
Monitor industry trends and market conditions for strategic insights.
Participate in developing and implementing underwriting strategies and policies.

Benefits

First-class training and development opportunities for all employees.
Commitment to creating an inclusive work environment.
Focus on growing internal talent and fostering employee potential.

Full Job Description

We are seeking a highly experienced and dedicated Senior Underwriter specializing in Builders Risk Insurance. The successful candidate will play a pivotal role in evaluating and underwriting complex construction property and energy risks, developing and maintaining profitable underwriting portfolios, and providing technical guidance to junior underwriters. The ideal candidate will have extensive knowledge of construction insurance products, strong analytical skills, and a proven track record in risk assessment and management.

Key Responsibilities:

Evaluate, underwrite, and price complex Builders Risk insurance policies, ensuring adherence to company guidelines and regulatory requirements.
Analyze submissions, assess risk and determine appropriate terms and conditions.
Review and negotiate manuscript form wordings and coverages.
Develop and maintain strong relationships with brokers, agents, and clients to facilitate effective communication and support business growth.
Collaborate with the underwriting team to ensure consistency and accuracy in risk assessment and policy issuance.
Provide mentorship and technical guidance to junior underwriters, fostering a culture of continuous learning and professional development.
Monitor industry trends, market conditions, and competitor activities to identify opportunities and threats.
Participate in the development and implementation of underwriting strategies, policies, and procedures.
Ensure compliance with all internal and external regulations, standards, and best practices.

Qualifications:

Bachelor's degree in Business, Finance, Insurance, or a related field. Advanced degree or professional designations (e.g., CPCU, ARM) preferred.
Minimum of 5-7 years of experience in Builders Risk insurance underwriting, with a proven track record of success. Master Builders Risk underwriting experience preferred.
Experience underwriting primary, quota share and excess structures.
Proven ability to assess reinsurance needs and negotiate terms with reinsurance brokers and underwriters.
In-depth knowledge of construction projects, risk assessment, and insurance products.
Strong analytical, problem-solving, and decision-making skills.
Excellent communication, negotiation, and interpersonal skills.
Ability to work independently and as part of a team in a fast-paced, dynamic environment.
Proficiency in underwriting software and Microsoft Office Suite.

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Join Starr Insurance Companies' top-tier team to assist some of the most prestigious clients in navigating their risk management and insurance strategies. Transform the approach to global insurance solutions with the brightest minds at Starr Insurance Companies. This is where innovation meets industry expertise in a dynamic environment. Lead from a unique position in the marketplace, at the crossroads of deep industry knowledge and extensive insurance innovation. Engage with a worldwide network of professionals dedicated to redefining the future of insurance and risk management. Collaborate with a diverse and inclusive team, fostering a culture of professional growth and diversity training.

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