Builders Risk Senior Underwriter

Senior Underwriter Specializing in Builders Risk Insurance

Join Starr, a global leader in commercial insurance with over a century of expertise. We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide. At Starr, you'll work in an entrepreneurial culture alongside accessible leaders, leveraging our financial strength and vast industry experience to deliver solutions for our clients, no matter how complex. Grow your career with a rapidly growing company that invests in its people and their ability to drive real progress.

We are seeking a highly experienced and dedicated Senior Underwriter specializing in Builders Risk Insurance. The successful candidate will play a pivotal role in evaluating and underwriting complex construction property and energy risks, developing and maintaining profitable underwriting portfolios, and providing technical guidance to junior underwriters. The ideal candidate will have extensive knowledge of construction insurance products, strong analytical skills, and a proven track record in risk assessment and management.

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.

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.