Job Description

As a Senior Underwriter in Construction Insurance, you would oversee the underwriting process for construction-related insurance policies, managing risks associated with construction projects and contractors.

This is a direct hire opportunity offering a hybrid/remote schedule.

Compensation based off of experience: $95k-135k annually.

Here are the key duties associated with this role:

• Evaluate insurance applications and determine the level of risk associated with insuring construction projects and contractors.
• Analyze project specifications, contractor qualifications, and other relevant information to assess risk.
• Apply underwriting guidelines and criteria to determine eligibility for coverage and appropriate policy terms.
• Ensure compliance with underwriting standards, regulatory requirements, and company policies.
• Determine coverage limits, deductibles, and premiums for construction insurance policies.
• Customize policies to address specific risks and meet the needs of insured parties.
• Identify potential risks associated with construction projects, such as safety hazards, project delays, and cost overruns.
• Recommend risk management strategies and mitigation measures to minimize potential losses.
• Review loss control reports, safety protocols, and risk management practices implemented by contractors.
• Assess the effectiveness of loss control measures in reducing the likelihood of claims.
• Collaborate with insurance brokers or agents to gather information, negotiate terms, and finalize insurance agreements.
• Provide guidance and support to brokers/agents regarding underwriting requirements and policy options.
• Consult with clients directly to understand their insurance needs, address concerns, and provide recommendations.
• Offer insights and expertise to help clients make informed decisions about coverage.
• Build and maintain strong relationships with clients, contractors, and industry stakeholders.
• Serve as a trusted advisor and resource for clients seeking insurance solutions for construction projects.
• Conduct market research and analysis to identify trends, emerging risks, and competitive landscape in the construction insurance market.
• Stay informed about industry developments and regulatory changes impacting construction insurance.
• Monitor the performance of construction insurance portfolios, including premium volume, loss ratios, and profitability.
• Analyze underwriting data to identify opportunities for portfolio optimization and risk mitigation.
• Prepare underwriting reports, risk assessments, and presentations for senior management, underwriting committees, and external stakeholders.
• Ensure compliance with insurance regulations, underwriting guidelines, and contractual obligations.
• Stay updated on changes in laws, regulations, and industry standards affecting construction insurance.
• Prepare and review insurance policies, endorsements, and other documentation to ensure accuracy and completeness.
• Ensure adherence to policy terms, conditions, and coverage requirements.
• Collaborate with underwriting teams, claims departments, and other internal stakeholders to facilitate cross-functional coordination and information sharing.
• Identify opportunities for process improvement and automation in underwriting operations.

All qualified applicants will receive consideration for employment without regard to race, color, national origin, age, ancestry, religion, sex, sexual orientation, gender identity, gender expression, marital status, disability, medical condition, genetic information, pregnancy, or military or veteran status. We consider all qualified applicants, including those with criminal histories, in a manner consistent with state and local laws, including t To apply please email your resume to sheady@ultimatestaffing.com