Production Underwriting Specialist - Ocean Marine bei Great American Insurance Group

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

Great American has been insuring ocean-related businesses since 1962. For over 50 years, Great American has responded to the special needs of marine-based businesses by developing one of the most extensive selections of Ocean Marine insurance products available from a single carrier. That means the right coverage for every business, from a small resort marina to an ocean-going cargo ship.

The Ocean Marine Division's specialized focus enables it to support select customer groups with distinctive offerings like its Vessel Pollution Liability coverage ­­­and highly regarded Spill Responder program, which provides a comprehensive suite of clean up and containment services and a comprehensive suite of coverages for marina operators and boat dealers as well as logistics companies and custom house brokers.​

http://www.greatamericaninsurancegroup.com/about-us/business-operations/division/ocean-marine

Our Ocean Marine Division is looking for a Senior Production Underwriter or Production Underwriting Specialist to join their team. This individual will focus on underwriting Hull, Marine Liabilities and Cargo. This is a hybrid position and will be based in our New York, Windsor, or Boston offices.

Essential Job Functions and Responsibilities

• Leads the evaluation and underwriting of new and renewal business, ensuring alignment with Company underwriting guidelines and risk appetite.

• Analyzes complex risk data to make informed decisions on coverage, pricing, and terms.

• Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.

• Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.

• Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.

• Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.

• Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.

• Stays updated on industry trends, regulatory changes, and market conditions.

• Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.

• Interprets, explains, and promotes products and services to drive market growth.

• Leads the development and execution of comprehensive marketing strategies to effectively promote the company’s products to brokers and agents.

• Analyzes market trends and competitive landscape to identify strategic opportunities for product enhancements and innovative marketing approaches.

• Leads marketing initiatives, including presentations, industry events, and broker/agent meetings, to showcase the company’s products and services.

• Monitors and evaluates underwriting and marketing practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.

• May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.

• Performs other duties as assigned. 

Job Requirements

• Education: Bachelor’s Degree in Business, Marketing, Economics, Risk Management and Insurance, or a related field or equivalent experience.

• Experience: Generally, a minimum of 9 years of experience in Underwriting or a related field. Completion of or continuing progress toward a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation.

• Scope of Job/Qualifications: Works with significant latitude and authority on complex assignments. Maintains advanced knowledge of company policies and industry laws and regulations. Excellent interpersonal and communication skills. Demonstrates advanced analytical, risk assessment, and problem-solving skills. Advanced negotiation and decision-making ability. Position requires occasional travel.

Business Unit:

Salary Range:

Benefits:

Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.

We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.