Insurance Underwriter (Marine / Up to $7K + AWS) [ID 709991]
Core
Underwrite marine insurance risks, manage key accounts, and optimize pricing strategies to maintain a profitable portfolio.
Role type
Marine insurance underwriter
Builds
Marine insurance policies and risk portfolios
Domain
Insurance / Marine
Required skills
Marine insurance underwriting, risk assessment, account management, claims tracking, facultative reinsurance evaluation, KYC compliance, territory analysis, pricing strategy
Preferred skills
ACII, ANZIIF, basic Degree/Diploma in Business or Maritime
Technologies
None stated
Responsibilities
Strengthen relationships with key accounts to drive new and existing business opportunities. Support business reviews, including product selection and pricing strategies. Conduct territory and distribution channel analyses to optimize growth efforts. Review and prepare underwriting and renewal documentation. Underwrite simpler risks while maintaining a profitable portfolio in marine business. Ensure timely communication of necessary instructions to Policy Administration. Verify policies and broking slips for accuracy. Compile and analyze monthly reports for business meetings and reviews. Maintain acceptable pricing and terms within underwriting authority for new business and renewals. Ensure an acceptable loss ratio through effective account management and tracking of claims. Evaluate facultative reinsurance needs and coordinate as needed within underwriting guidelines. Stay informed on market conditions and competitive landscape, sharing insights with the team. Develop and maintain relationships with intermediaries to support business retention and acquisition. Implement rigorous screening practices in compliance with KYC processes.
Seniority
Entry-level to Mid-level (1+ years experience)