Brookfield Properties

Underwriter II, General Construction

Brookfield Properties$88K — $146K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree and 3+ years of relevant insurance experience or equivalent education.
  • 3 years of underwriting experience with authority, especially in Financial Institution (FI) lines.
  • Demonstrated history of driving profitable growth in underwriting.
  • Proficient in Word, Excel, and Outlook.
  • Strong negotiation skills and effective communication, both written and oral.
  • Detail-oriented and able to work independently in a fast-paced environment.
  • Previous insurance education and designation such as IIA and CPCU preferred.

Responsibilities

  • Review and price policies according to underwriting guidelines and authority.
  • Utilize tools for accurate classifications and premium rates.
  • Engage with brokers for risk details, negotiate terms, and clarify company stances.
  • Manage a portfolio, focusing on performance metrics like GWP and loss ratio.
  • Analyze data from reports and dashboards for decision-making.
  • Maintain comprehensive underwriting files and complete analysis.
  • Address and resolve audit disputes within territory requirements.
  • Stay updated on state laws relevant to cancellation and non-renewal policies.

Benefits

  • Competitive compensation package with performance-based incentives.
  • Comprehensive health, dental, and vision insurance.
  • 401(k) plan with company matching contributions.
  • Generous paid time off for work-life balance.
  • Professional development opportunities to enhance skills and career growth.
Full Job Description
This is a production underwriting position responsible for marketing, underwriting and processing assigned lines of business. This is a 100% in-office position. Candidates must be able to work on-site at a designated company office during standard business hours. Essential Responsibilities: • Review and price policies to verify acceptability based upon company underwriting guidelines and granted underwriting authority. • Utilize underwriting tools to determine accurate classifications, rates, and premium charges. • Interact in person, via email, and by phone with brokers to obtain further risk-specific details, negotiate terms and pricing, and explain company positions. • Manage assigned portfolio in underwriting territory, including the performance (GWP, loss ratio) of assigned brokers. • Create, analyze, and interpret data from various reports/dashboards. • Complete underwriting analysis and maintain complete underwriting file. • Resolve audit disputes within assigned territory. • Review state laws, including cancellation and non-renewal, within assigned territory to properly transact business within the state. • Participate in educational sessions within the department. Qualifications / Experience Required: • Bachelor's degree and three-plus years related insurance experience and/or equivalent combination of education • Three years underwriting experience with authority, preferably in FI lines • Proven track record of driving profitable growth • Advanced knowledge of computer programs, including Word, Excel, and Outlook • Demonstrates an understanding and ability to effectively engage in the negotiation process • Strong oral and written communication skills • Previous insurance educational work, IIA and CPCU designation preferred • Detail oriented with initiative and the ability to work independently in a fast-paced environment • Excellent analytical skills • Ability to travel The base salary range provided below is for hires in those geographic areas only and will be commensurate with candidate experience. Pay ranges for candidates in other locations may differ based on the cost of labor in that location. In addition to base salary, this position is eligible for an annual bonus based on company and individual performance as well as a generous benefits package. • Richmond & Omaha Pay Range $74,052 - $121,992 • Chicago Houston & Albany Pay Range $$81,294 - $134,232 • Los Angeles & New York City Pay Range $88,842 - $146,472 Benefits and Compensation We offer a competitive compensation package, performance-based incentives, and a comprehensive benefits program-including health, dental, vision, 401(k) with company match, paid time off, and professional development opportunities.

About Brookfield Properties

Brookfield Properties is a global real estate company that owns, develops, and manages premier properties in major cities around the world. The company's portfolio includes office, retail, multifamily, and industrial properties, as well as hospitality and entertainment venues. Brookfield Properties is committed to sustainability and has implemented a number of initiatives to reduce its environmental impact. The company is headquartered in New York City and has operations in North America, Europe, and Asia.
Learn more about Brookfield Properties
Size
2,000 employees
Industry

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