Senior Cargo Underwriter

Berkley

  • New York City, NY
  • $85,000-140,000 per year
  • Permanent
  • Full-time
  • 7 days ago
Company Details:Berkley Offshore Underwriting Managers (BOUM) is a member company of WR Berkley, who is comprised of individual operating units that serve a market defined by geography, products, services or types of customers.BOUM is an insurance provider specializing in Energy Upstream, Energy Liability and Marine Insurance. Our teams are comprised of highly experienced, specialized and respected market leaders who work closely with our clients and their representatives to ensure that we provide the highest quality and most appropriate product. Our strategy is to develop long term relationships with efficiency and professionalism. Berkley Offshore offices are located in London, England; New York City, New York, Houston, Texas; Toronto Canda and Westbrook, Maine. Responsibilities:Berkley Offshore Underwriting Managers is seeking a Senior Cargo Undewriter to join their team. This role is located in their mid-town Manhattan office on a hybrid basis.The Senior Cargo Underwriter is responsible for generating and underwriting profitable new and renewal business in the ocean cargo, freight forwarder, and logistics sectors. This role ensures underwriting decisions align with company guidelines and profitability targets, while fostering strong relationships with brokers and clients to support long-term business growth.
  • Underwrite new and renewal submissions of assigned accounts in accordance with Berkley Offshore Underwriting standards and authority.
  • Correspond with brokers to gather information needed to evaluate risk characteristics, financials, loss experience, etc. to determine appropriate pricing, terms, and conditions.
  • Perform technical underwriting duties including pre-underwriting analysis on new and renewal business, value aggregation accumulation and prepare rate benchmarking data.
  • Maintain ownership of assigned accounts / clients and ensure high-quality service and responsiveness.
  • Ensure timely and accurate issuance of policy documentation in accordance with established service standards.
  • Proactively support the acquisition of new business and retention of existing business.
  • Develop and maintain strong relationships with key producers, clients and other relevant stakeholders, which likely will include travel out of state.
  • Prepare CAT Aggregation worksheets for transmittal to the London office for RMS and Sequel Impact modeling.
  • Collaborate with the Underwriting Assistants and Accounting team to reconcile unapplied cash and pursue overdue premiums from brokers.
Qualifications:
  • BA/BS degree in a related course of study
  • 5-10 years of Underwriting experience in writing profitable ocean cargo lines of business (importers/exporters) with knowledge in the freight forwarding and logistics sector.
  • Strong understanding of the Ocean Marine Market and overall Cargo product line.
  • Ability to assess risk exposures and natural hazards relevant to ocean cargo and logistics line of business.
  • Established relationships with brokers and develop a solid reputation within the local market.
  • Proficiency in Microsoft Office Suite (Excel, Word, Outlook)
  • Basic understanding of accounting or balancing of accounts
  • Strong analytical and decision-making skills with attention to detail
  • Excellent communication and negotiation skills, both written and verbal
  • Ability to work independently and collaboratively
Additional Company Details: The Company is an equal employment opportunity employer. We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees including: •Base Salary Range: $85,000-$140,000 •Benefits include: Health, dental, vision, dental, life, disability, wellness, paid time off, 401(k) and profit-sharing plans. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Sponsorship Details: Sponsorship not Offered for this Role

Berkley