Starr Insurance Companies
Underwriting Assistant Manager - Excess Construction
Starr Insurance Companies, Chicago, IL
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.
The Underwriting Assistant Manager will play a crucial role in supporting the underwriting team within Excess Construction by overseeing daily operations, ensuring adherence to underwriting guidelines, and assisting in the development and implementation of underwriting strategies. This position requires a strong understanding of commercial property and casualty insurance, excellent leadership skills, and the ability to work collaboratively with various stakeholders.
Key Responsibilities:
Team Leadership and Development:
Underwriting Support:
Operational Efficiency:
Quality Assurance:
Stakeholder Collaboration:
Reporting and Analysis:
Qualifications:
For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $100,000-$168,000.
#LI-NK1
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.
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.
The Underwriting Assistant Manager will play a crucial role in supporting the underwriting team within Excess Construction by overseeing daily operations, ensuring adherence to underwriting guidelines, and assisting in the development and implementation of underwriting strategies. This position requires a strong understanding of commercial property and casualty insurance, excellent leadership skills, and the ability to work collaboratively with various stakeholders.
Key Responsibilities:
Team Leadership and Development:
- Supervise and mentor a team of underwriting assistants, providing guidance, training, and performance evaluations.
- Foster a positive and collaborative work environment, encouraging professional growth and development.
Underwriting Support:
- Assist underwriters in the evaluation and analysis of new and renewal business, ensuring compliance with company guidelines and risk appetite.
- Collaborate with underwriters to develop and implement effective risk management strategies.
Operational Efficiency:
- Oversee the daily operations of the underwriting support team, ensuring timely and accurate processing of applications, endorsements, and renewals.
- Implement and monitor workflows and processes to enhance efficiency and productivity.
- Identify and address operational challenges, proposing and implementing solutions to improve performance.
Quality Assurance:
- Develop and implement quality control measures to maintain high standards of underwriting excellence.
Stakeholder Collaboration:
- Work closely with other departments, including claims, risk control, and sales, to ensure seamless service delivery and effective risk management.
- Build and maintain strong relationships with brokers, agents, and clients, providing exceptional customer service and support.
Reporting and Analysis:
- Prepare and present regular reports on underwriting performance, trends, and key metrics to senior management.
- Analyze data to identify opportunities for improvement and support strategic decision-making.
Qualifications:
- Bachelor's degree in Business, Finance, Insurance, or a related field.
- Minimum of 5 years of experience in commercial property and casualty insurance underwriting, with at least 2 years in a supervisory or management role.
- Strong knowledge of underwriting principles, practices, and guidelines.
- Excellent leadership and team management skills.
- Exceptional analytical and problem-solving abilities.
- Strong communication and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders.
- Proficiency in underwriting software and Microsoft Office Suite.
- Professional designations such as CRIS, CPCU, ARM, or AU are preferred.
For individuals assigned and/or hired to work in New York, Starr Insurance Companies is required by law to include a reasonable estimate of the compensation range for this role. The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets: experience and training: licensure and certifications: and other business and organizational needs. A reasonable estimate of the current range is $100,000-$168,000.
#LI-NK1
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.