Job Description: Senior Commercial Property Underwriter
Overview: We are looking for an experienced Senior Commercial Property Underwriter to join our team. As a Senior Commercial Property Underwriter, you will play a crucial role in evaluating, analyzing, and underwriting complex commercial property risks. Your expertise will be instrumental in maintaining profitability and driving growth within our commercial property insurance portfolio.
Responsibilities:
- Risk Assessment and Underwriting: Evaluate and underwrite complex commercial property risks in accordance with established underwriting guidelines, authority limits, and company policies.
- Analysis and Decision Making: Analyze property values, location, construction, occupancy, loss history, and other relevant data to make informed underwriting decisions.
- Negotiation: Negotiate terms, conditions, and pricing with brokers and agents to achieve profitable business growth while maintaining strong client relationships.
- Policy Review: Review insurance policies, endorsements, and amendments to ensure accuracy and compliance with underwriting standards.
- Portfolio Management: Monitor and manage the performance of the commercial property portfolio, identifying trends, opportunities, and risks.
- Collaboration: Collaborate effectively with internal stakeholders including claims, risk control, and legal departments to ensure comprehensive risk management and customer satisfaction.
- Market Knowledge: Stay informed about market conditions, industry trends, regulatory changes, and emerging risks impacting commercial property underwriting.
- Documentation and Reporting: Maintain thorough and accurate underwriting files and documentation. Prepare reports and summaries as required.
Qualifications:
- Experience: Minimum of 4 years of experience in commercial property underwriting.
- Expertise: In-depth knowledge of commercial property insurance products, underwriting principles, practices, and procedures.
- Analytical Skills: Strong analytical and problem-solving skills with the ability to assess complex risks and develop effective underwriting strategies.
- Communication: Excellent verbal and written communication skills, with the ability to effectively negotiate and influence stakeholders.
- Team Player: Proven ability to work collaboratively within a team environment and across departments.
- Education: Bachelor's degree in Insurance, Business Administration, Finance, or a related field. Relevant professional certifications (e.g., CPCU) preferred.
Attributes:
- Detail-Oriented: Meticulous attention to detail in underwriting assessments and policy reviews.
- Adaptability: Ability to adapt to changing priorities and market conditions.
- Integrity: Commitment to ethical underwriting practices and compliance with regulatory requirements.
- Decision-Making: Strong decision-making skills with a proactive approach to risk assessment and management.
- Leadership: Demonstrated leadership qualities with a focus on mentorship and knowledge sharing.
Benefits:
- Competitive salary and comprehensive benefits package.
- Opportunities for professional growth and career development.
- Collaborative and supportive work environment.
Join our team and contribute to our mission of delivering exceptional commercial property underwriting services. If you have a passion for underwriting excellence and thrive in a dynamic and challenging environment, we encourage you to apply.
Note: This job description is intended to convey information essential to understanding the scope of the position and is not exhaustive. Duties and responsibilities may be added, deleted, or modified to meet business needs
