Builders Risk Senior Underwriter

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

Houston, TX 77084In-Person

Finance & Insurance

5 - 7 years of experience

Today

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Job Overview by Ladders

Qualifications

Bachelor's degree in Business, Finance, Insurance, or a related field; advanced degrees or professional designations preferred.
5-7 years of Builders Risk insurance underwriting experience; Master Builders Risk experience is a plus.
Experience with primary, quota share, and excess structures in underwriting.
Demonstrated capability in assessing reinsurance needs and negotiation with brokers.
Comprehensive knowledge of construction projects, risk assessment, and insurance products.
Strong analytical, problem-solving, and decision-making skills required.
Excellent communication and negotiation skills. Proficiency in Microsoft Office and underwriting software.

Responsibilities

Evaluate, underwrite, and price Builders Risk insurance policies as per company guidelines.
Analyze submissions and determine risk, terms, and conditions.
Negotiate manuscript form wording and coverages for policies.
Maintain relationships with brokers, agents, and clients for business development.
Collaborate with underwriting teams for consistency in assessments and policy issuance.
Mentor junior underwriters, promoting professional growth and learning.
Monitor market trends to identify risks and opportunities.
Contribute to developing underwriting strategies and ensuring regulatory compliance.

Benefits

Professional development opportunities including mentorship.
Collaborative working environment with a focus on team success.
Exposure to a diverse range of complex construction risks.
Access to industry trends and competitive analysis for informed decision-making.
Opportunities to influence and shape underwriting policies.

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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