Associate Underwriter - 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 an Associate Underwriter to join their team. This individual will work a hybrid schedule and will be based in our New York office.

Essential Job Functions and Responsibilities

• Reviews and evaluates underwriting applications, ensuring they align with Company policies and underwriting guidelines.

• Collaborates with underwriters and brokers/agents to gather additional information and clarify application details.

• Analyzes relevant data, including financial statements, property valuations, and loss histories to assess risk exposure.

• Prepares and maintains underwriting files, ensuring all documents and approvals are properly filed.

• Compiles reports on risk evaluations, policy statuses, and portfolio performance for underwriters and management.

• May underwrite new and renewal policy transactions within written authority.

  • Enters policy information on an assigned product, territory and / or agency in accordance with template rules.

  • Proofs / audits policy information on an assigned product, territory, and/or agency(ies).

  • Reviews premium and loss data on an individual account as part of renewal underwriting, change underwriting, or mid-term underwriting.

• Orders, reviews, and takes appropriate action on required reports, endorsement requests, service requests, and general correspondence.

• Research and respond to questions from brokers/agents.

• Updates information that is needed to process, issue policies and endorsements on a timely basis. Issues, processes and/or codes transactions.

  • Monitors entry / processing to ensure data integrity and to avoid potential systemic issues.

• May provide guidance to less experienced staff and serve as a resource to other functional areas.

• Performs other duties as assigned. 

Job Requirements

• Education: Associates Degree in Business, Finance, or a related field or equivalent experience.

• Experience: Generally, a minimum of 6 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: Utilizes specialized procedural knowledge and skills to accomplish work. Demonstrates strong knowledge of coverage and forms, provisions for policies written within the assigned territory/unit, workflow and systems. Strong written and verbal skills. Developing analytical skills with attention to detail. Works within broader, established authority limits. Familiarity with marketing strategies and tools is beneficial.

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.