Location: New York, NY
Company: Core Specialty Insurance Services
analyzing risks along with setting terms and conditions of a contract. Our underwriters are expected to produce business and make an underwriting profit for the company. Key Accountabilities/Deliverables: • Marketing, producing accounts, understanding Marine and Energy exposures, knowing how to price account and the policy forms to use.
The underwriter must make sure to write business within the reinsurance guidelines. The goal is to write a growing profitable book of business. • Assist with a brokerage operations. • Expected to travel more to market. • Must have a strong working relationship with Worldwide Marine market, with a strong relationship with brokers in the East Coast, Midwest,
and Gulf Coast regions. • Must understand the Lines of business, forms and pricing the exposures written. • Must be able to work as a team member, including the USA Marine Team in NY.
Excellent communication skills are needed. • Must be disciplined and conservative to maintain an underwriting standard of writing quality business at a profitable level. • Must be able to understand, control, and monitor the aggregation of exposures. Since we work in a global environment, we must control the aggregations with our underwriters throughout the world. Key Outputs: Must see a flow of business in from brokers. Must analyze risks. Must set proper terms and conditions including pricing to make
an underwriting profit. Must never exceed the aggregation limits set by management.
Must work within the parameters of our reinsurance treaty. Experience: Must be a college senior or graduate student for the 2023-2024 academic year or an early career professional. Will have successfully completed either a bachelor's or master's degree by May, 2024. Must have a solid understanding of the Marine industry. Strong understanding of the different lines of business in the Marine space. Must have the ability to build strong working relationships with Worldwide Marine market, and strong relationships with brokers in the East Coast. Strong understanding of the different policy forms for each line of business.
Must be eligible to work in the U. S. without current or future sponsorship. This position is part of our Core Specialty Leaders in Training, leadership development program. This is an exciting, full-time rotational program for graduating university seniors and early career professionals. The Core Specialty Leaders in Training Program is a two-year, three rotation program designed to help you develop the technical competencies and leadership acumen to kick-start your career. You'll have the opportunity to do a deep dive and build expertise in your chosen track by getting to experience rotations in different areas of your function.
You worked hard to achieve your dream of obtaining a college degree, now it's time to do the same as you launch your career in Core Specialty's Leaders in Training Program. We believe that the best way to figure out where you want to go in life is to try new things. Let us give you the opportunity to explore an exciting career path in a supportive and encouraging environment where every ambition is within reach. Our Leaders in Training program is designed to help you build your career as a leader of tomorrow.
As a participant in this program, you will have the opportunity to build deep professional, company and industry expertise through meaningful assignments, networking and real-world experiences. The expected pay range for this position is $65,000 - $67,000 per year. - At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
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