Marine Underwriter

Job Purpose:

• The position requires a high level of technical expertise and in-depth knowledge in the assigned area of business.
• The position provides technical expertise as well as administering the underwriting function. Within authority limitations, has the final determination on the acceptance or rejection of the risk.

Job Requirements:

• Support Sr. Marine underwriters in day to day operations of Syndicate Marine Team.
• Maintain relationships with International Marine Brokers to ensure a constant flow of submissions.
• Improve overall portfolio persistency to relieve new business production.
• Retain existing Marine portfolio.
• Evaluate more complex risks or amounts in excess of field approval limits.
• Follow underwriting protocols, guidelines, and pricing policies.
• Monitor trends and identify the need for new or revised underwriting policies, procedures, and practices. Recommend changes to underwriting leadership.
• Proactively identify and pursue up-selling (add-ons) and cross-selling opportunities to maximize profitable revenue potential from new and renewal business and achieve agreed business targets.
• Consult on international and local market intelligence to enable profitable business writing.
• Ensure profitable growth of Marine portfolio.
• Assist the Head of Department in the development and implementation of the company’s strategic business plan and budget in line with distribution.
• Provide accurate, high quality, and speedy underwriting service for the assigned limits that builds customer relations and credibility.
• Assist the Manager in underwriting decisions after analyzing and pricing the risk based on information provided in the proposal form/survey report.
• Drive accurate, high quality, and speedy underwriting service that builds customer relations and credibility.
• May liaise with Third Party Administrators, reinsurance, and claims for service delivery issues.
• Generate and monitor monthly production reports/claims analysis.
• Provide counsel, coaching, and guidance to underwriters that may not report to them.
• Keep documentation and systems up to date.
• Respond to queries raised by the Managing Agent, Lloyds of London, or Syndicate Manager.

Competencies:

• Customer Service
• Drive for Results
• Passion for Excellence
• Holding People Accountable
• Talent Development
• Analytical Thinking
• Confidence
• Conceptual Thinking
• Proactivity
• Influencing Others

Qualifications:

• Graduate degree preferably in Science, Insurance, Risk Management, Accountancy, or Law.
• Insurance certification from any accredited institute preferred.
• 5 years of underwriting experience in Marine Cargo Business and experience in writing inward reinsurance business.
• Proven ability in underwriting, organizing workload under pressure, and leading medium or small teams.
• Advanced knowledge and understanding of the Marine Cargo insurance market and regulatory environment; Knowledge of Marine Hull will be a plus.
• Self-organizing skills.
• Result orientation.
• Written and verbal communication skills in English.
• Strong analytical ability.
• Problem-solving and decision-making capabilities.
• Influencing and interpersonal skills.
• Basic Excel skills.