Senior Underwriter
Core
Lead underwriting of complex construction exposures, assessing risk and developing pricing strategies for practice programs, individual projects, and maintenance wrap policies.
Role type
Senior IC underwriter (construction insurance)
Builds
Comprehensive insurance programs and coverage for construction risks
Domain
Insurance / Construction
Required skills
risk assessment, pricing strategy development, regulatory compliance, portfolio performance monitoring, contract analysis, mentorship, industry trend analysis, product development, reporting, negotiation
Preferred skills
MBA, advanced underwriting certification, CPCU, ARM, CRIS, AIC
Technologies
underwriting software, rating tools, Microsoft Office Suite
Responsibilities
Solicit new and renewal submissions from brokers; Determine terms and conditions and complex rating plans; Work with actuary, risk engineering, and credit management to build comprehensive programs; Bind coverage; Document underwriting files; Handle files and portfolios within underwriting authority; Complete self-audits of underwriting files; Analyze and underwrite individual construction risks; Develop and maintain pricing models and rate structures; Prepare detailed underwriting submissions, risk assessments, and policy terms; Collaborate with brokers, agents, and internal stakeholders to gather information and negotiate terms; Monitor portfolio performance and recommend adjustments to maintain profitability and loss ratios; Ensure compliance with company underwriting guidelines, state regulations, and industry standards; Mentor and coach junior underwriters; Stay current on construction industry trends, emerging risks, and market conditions; Participate in product development and enhancement initiatives; Prepare regular reports and presentations for senior management on underwriting results and risk trends.
Seniority
Senior, hands-on IC with mentorship responsibilities