Construction Underwriter

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.

Roles and Responsibilities

• Fully understand the risk and seek further clarity as required.
• Underwrite profitable business in accordance with business plans.
• Adhere to all Starr underwriting standards as outlined in the Underwriting Manual.
• Obtain sign-off for all business that is in excess of agreed authority levels or where any factor falls below rating guidelines.
• Adhere to rating tools and guidelines.
• Ensure that underwriting documentation, both paper and electronic, is accurate, complete, up-to-date and meet Lloyd’s standards.
• Ensure that the policy wordings and clauses are slip referenced and agreed.
• Ensure that all accounts are contract certain at the time of binding.
• Develop broker relationships and optimise opportunities to lead business.
• Explore client and company knowledge to identify and optimise cross-selling opportunities.
• Conduct Quality Assurance (QA) within 2 working days of binding or inception whichever is first.
• Conduct Peer Reviews within 30 working days from QA to check the underwriting rationale, terms and conditions, pricing against Starr guidelines and the completeness of files.
• Reconcile and report all premiums due versus received in order to manage credit control.
• Complete the front sheet to ensure that all required information is included.
• Enter schedule data and quotations accurately into the system.
• Ensure that the reinsurance split in the system matches the underwriting stamp.
• Ensure that the Underwriting Notes are complete.
• Log all bound, quoted, working and declined risks into the business log immediately.
• Ensure that the file is complete and contains all relevant documents. Obtain any outstanding items from the broker or underwriter in readiness for Peer Review.
• Ensure that signings are accurate and are consistent with written confirmations.
• Liaise with brokers to follow up on outstanding renewals.
• Follow up on outstanding quotes with the relevant broker.

Experience

• 2-3 years relevant Construction Underwriting experience.

Skills

• Analytical and problem solving skills;
• Negotiation, judgment and decision making skills;
• Strong numeracy skills;
• Professional business writing and presentation skills;
• Strong communicator, both written and oral.

Systems & IT

• Eclipse;
• Salesforce; and
• MS Office – Excel, Access, Word and Outlook.

Qualifications

• Studying for the ACII

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.

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