Assistant Underwriter - Commercial Property

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Roles and Responsibilities

• •Analysing claims experience to project future potential results.
• •Adhere to all Starr underwriting standards as outlined in the Underwriting Manuals.
• •Ensure that underwriting documentation, both paper and electronic, is accurate, complete, up-to-date and meet Starr’s standards.
• •Ensure that the policy wordings & clauses are slip referenced and agreed.
• •Ensure that all accounts are contract certain at the time of binding.
• •Enter accurate natural catastrophe data into the relevant model (RMS).
• •Ensure all bound, quoted, working and declined risks are logged as per guidelines.
• •Ensure the file is complete and contains all relevant documents. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
• •Ensure signings are accurate and are consistent with written confirmations.
• •Ensure company, market and client related documentation is issued (internally and externally) accurately and on time.
• •Follow up on outstanding quotes with the relevant broker.
• •Ensure schedule data & quotations accurately into the system.
• •Ensure the Underwriting Notes are complete.
• •Conduct Quality Assurance (QA) to check the accuracy of underwriting data entered on the system, ensuring the risk is contract certain.
• •Issue policies, endorsements or certificates of bound business.
• •Communicate frequently with the broker to establish the progress of premium collections.
• •Assist with credit control and provide support to the credit control team with aged debt and excess cash queries when required.
• •Provide assistance to reconcile and report all premiums due versus received in order to manage credit control.
• •Handle renewals and contribute to meet the target retention ratio for the Tech Lines.
• •Manage aggregations / accumulations of joint venture interests.
• •Provide support on raw data generation to report the RM and CUO to inform the reinsurance strategy.

Requirements

• •Bachelor degree in engineering, business or law (other science degree are acceptable).
• •Minimum one year experience as a Commercial Property Assistant Underwriter and/or as a Commercial Property Broker.
• •Fluent in English and Spanish.
• •Proficient computer skills, ability to understand and adapt to new systems.

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.