Marine Underwriter, Yacht

Navis Marine Insurance Brokerage is a proud partner of Navacord, specializing in all things marine. We are looking for a Marine Underwriter, to join our team. As an Underwriter, you will be responsible for evaluating and assessing risk factors to determine the eligibility of applicants for insurance policies, working closely with the Underwriting team, Sales team, and Marketer.

As the Marine Underwriter, you get to participate in:

• Preparing quotes for new business for yacht business, by assessing the application for insurance and determining risks and acceptance within company policies and authority limits.
• Working closely with the Sales Team to meet current yacht client needs, including, but not limited to, renewal quotes, endorsements, and cancellations, and updating customer information.
• Performing a variety of duties that ensure risk is evaluated appropriately including assessing market value, location, condition, and use of the asset, and gathering background information on commercial and yacht customers from information provided in the application provided by the sales team.
• Binding the policy once the terms are accepted and issuing related insurance documents.
• Updating bordereaux to ensure it balances, and corrects errors as required.
• Maintaining detailed records of underwriting decisions.
• Preparing reports, and proposals for management as requested.
• Supporting the implementation of new business directives or initiatives.

Your Skillset Includes :

• Demonstrated knowledge of underwriting principles and practices, including rating process.
• Knowledge of marine insurance, including yacht and/or commercial related assets and risks.
• Familiarity with policy wording and application of policies.
• Committed to customer service through building strong, trusted relationships.
• Demonstrated ability to communicate, present and influence credibly and effectively inside and outside the organization.
• Ability to prepare written material including endorsements, quotes, policy documents, and letters.
• Diligence to review applications and review policy wording and documents.
• Critical thinking skills to assess risks.
• Good judgement and confident decision-making

You will have:

• Familiarity with marine insurance, through either previous roles or a personal passion for boating.
• Committed to continuous education through reading, workshops, seminars, and
• conferences.
• Proficient in MS Office, Outlook, and familiarity with an agency management system
• and underwriting system (Insly)

Your background includes:

• Insurance related education, with a focus on insurance principles and practices, including underwriting (e.g., CIP, General Insurance Level 2 license in good standing with the Insurance Council) would be an asset, but not required.
• Experience in the insurance industry, including commercial and/or yacht underwriting.

Your attention to detail, strong analytical skills, and ability to make sound judgments will be crucial in this role.

If you are a detail-oriented individual with a strong analytical mindset and a passion for risk analysis, we would love to hear from you.

Navis Marine Insurance Brokers is committed to fostering an inclusive, accessible environment where all employees and candidates feel valued and respected. If you require accommodation during the recruitment process or for your work with us, please inform us and we will work with you to meet your needs. We serve and recognize and respect human differences and similarities. We value the diversity of people and actively encourage women, indigenous peoples, members of visible minorities, people with disabilities, and lesbian, gay, bisexual, transgender, and queer (LGBTQ2+) persons to apply.

Job Types: Full-time, Permanent

Pay: $65,000.00-$75,000.00 per year

Benefits:

• Company events
• Dental care
• Extended health care
• Life insurance
• On-site gym
• Vision care
• Wellness program

Application question(s):

• Do you have 1-2 years of underwriting experience?
• Do you have marine underwriting experience?

Licence/Certification:

• CIP or Level 2 and in good standing with Insurance Council (preferred)

Work Location: Hybrid remote in Vancouver, BC V6C 3A6