Builders Risk Senior Underwriter

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.