Marine Underwriter

Underwrite a Marine book of business. Job entails marketing, analyzing risks along with setting terms and conditions of a contract. An underwriter is expected to produce business and make an underwriting profit for the company.

Key Accountabilities/Deliverables:

• Marketing, producing accounts, understanding Marine and Energy exposures, knowing how to price account and the policy forms to use. The underwriter must make sure he writes his business within the reinsurance guidelines. The goal is to write a growing profitable book of business.
• Assist with a brokerage operation.
• Expected to travel more to market.
• Must have a strong working relationship with the broker market in the Seattle/ Northwest USA region.
• Must understand the Lines of business, forms and pricing the exposures written.
• Must be disciplined and conservative to maintain an underwriting standard of writing quality business at a profitable level.
• Must be able to understand, control, and monitor the aggregation of exposures. Since we work in a global environment, we must control the aggregations with our Core Specialty underwriters throughout the world

Key Outputs:

• Must see a flow of business in from brokers.
• Must analyze risks.
• Must set proper terms and conditions including pricing to make an underwriting profit.
• Must never exceed the aggregation limits set by management.
• Must use work within the parameters of our reinsurance treaty.

In addition to the above key responsibilities, you may be required to undertake other duties from time to time as the Company may reasonably require.

Experience:

• 3+ years' experience in Marine Underwriting.
• Bachelor's degree preferred. Minimum of high school diploma or equivalent.
• Strong understanding of the different lines of business in the Marine space.
• Strong knowledge of the Seattle/ Northwest US Region with working relationships with the broker market.
• Strong understanding of the different policy forms for each line of business
• Proficiency with Microsoft Excel

The expected salary range for the role is $90,000 - $120,000. The specific offer will depend on an applicant's skills and experiences. The disclosed pay range estimate may also be adjusted for the applicable geographic differential for the location in which the position is filled.

#LI-Hybrid

At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program