Marine Technical Underwriter Expert
1 month ago
About the Role:
WatersEdge Solutions is seeking an experienced Marine Technical Underwriter to join its team in a key role that involves underwriting risks, performing tasks with limited supervision on moderate to complex technical placements in a fast-paced environment.
The ideal candidate will have at least 3-5 years of marine experience and possess strong analytical and problem-solving skills. They should be able to work independently, manage their time effectively, and exercise sound judgement in making underwriting decisions.
Key Responsibilities:
- Risk Assessment and Underwriting:
- Evaluate and assess marine insurance risks
- Utilise sound underwriting practices to make informed decisions on moderate to complex technical placements with limited supervision
- Follow established underwriting policies, rating rules, and procedures to ensure compliance with insurance laws and regulations
- Analyse risk factors and determine appropriate coverage limits, terms, and pricing for various marine insurance products
- Documentation and Processing:
- Produce and process all necessary insurance documentation, including policies, endorsements, and renewals, ensuring accuracy and completeness
- Maintain up-to-date records of all underwriting activities and decisions
- Ensure that all documentation complies with company standards and regulatory requirements
- Relationship Management:
- Build and maintain strong relationships with existing market contacts, including brokers, clients, and other stakeholders
- Serve as a key point of contact for client inquiries, providing prompt and accurate responses to underwriting questions and concerns
- Collaborate with internal teams to support client needs and business development initiatives
- New Business Development:
- Actively participate in the new business process by following up on leads, identifying potential clients, and promoting marine insurance products
- Develop and implement sales strategies to achieve business growth targets
- Prepare and present underwriting proposals to clients and brokers
Requirements:
- At least 3-5 years of marine experience
- Ability to work independently
- Strong analytical and problem-solving skills
- Time management skills
- Excellent communication and interpersonal skills
- Ability to exercise independent judgement and make sound underwriting decisions
- Strong knowledge of MS Office and ability to quickly learn other business-related software
Salary Range:
$80,000 - $110,000 per annum, depending on experience
Benefits:
- Competitive salary and bonus structure
- Opportunities for professional growth and development
- Collaborative and dynamic work environment
- Recognition and reward for outstanding performance
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