Underwriter/Senior Underwriter
7 hours ago
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.
FCIA Trade Credit & Political Risk (FCIA) is a division of Great American Insurance Company that underwrites and services trade credit and political risk insurance policies - it has been part of the Great American Insurance Group since 1991. FCIA's associated organization, the Foreign Credit Insurance Association, pioneered export credit insurance in the United States in 1961.
FCIA offers export and domestic trade credit insurance as well as a wide variety of specialty trade credit and political risk products that facilitate global trade and related financing activities.
https://www.greatamericaninsurancegroup.com/about-us/business-operations/division/fcia-trade-credit-political-risk
We are looking for a Financial Products Underwriter to join our FCIA team in the New York City office. We are open to various levels of experience, including Financial Products Underwriter II, Senior Financial Products Underwriter, and Senior Financial Products Underwriter II. Job title and compensation will be dependent upon successful applicant's level of experience.
Essential Job Functions and Responsibilities
- Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.
- Reviews and evaluates moderately complex financial statements, credit reports, and business operations of applicants.
- Determines coverage and sets terms, conditions, and pricing by evaluating the applicant's financial capacity, past performance, and risk factors.
- Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and clarify details.
- Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.
- Evaluates existing policies for potential renewal or modification.
- Communicates underwriting decisions clearly and effectively to internal teams, agents, and brokers.
- Stays updated on industry trends, regulatory changes, and market conditions.
- Develops and maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.
- Interprets, explains, and promotes products and services to drive market growth.
- Performs other duties as assigned.
- Bachelor's Degree in Finance, Economics, Business, or a related field or equivalent experience.
- Generally, a minimum of 3 years of underwriting, finance, banking, or related experience.
- Ability to travel up to 10% of the time.
Business Unit:
FCIA-Trade Credit & Political Risk
Salary Range:
$105,000.00 -$157,000.00
Benefits:
We offer competitive benefits packages for full-time and part-time employees*. Full-time employees have access to medical, dental, and vision coverage, wellness plans, parental leave, adoption assistance, and tuition reimbursement. Full-time and eligible part-time employees also enjoy Paid Time Off and paid holidays, a 401(k) plan with company match, an employee stock purchase plan, and commuter benefits.
Compensation varies by role, level, and location and is influenced by skills, experience, and business needs. Your recruiter will provide details about benefits and specific compensation ranges during the hiring process. Learn more at http://www.gaig.com/careers.
*Excludes seasonal employees and interns.
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