Aviation Insurance Underwriter
Location: New York City, NY
About the Company:
America’s first name in aviation insurance, this organization boasts a rich history dating back to 1928. Established by two enterprising pilots, it quickly became and remains a leading insurance provider across all segments of the aviation and aerospace industry. The company manages an insurance pool dedicated to providing expertise in aviation underwriting and claims handling. As a subsidiary of a leading global reinsurer and a member of a renowned corporate family, the company offers a stable and dynamic work environment.
Position Summary:
The company seeks an experienced and detail-oriented Aviation Insurance Underwriter for its New York City Branch Office. This role is ideal for a professional who combines a passion for aviation with meticulous attention to detail. The Underwriter will be responsible for evaluating, classifying, and rating general aviation insurance proposals, accepting or rejecting applications, negotiating pricing and coverage, and performing various administrative functions.
Key Responsibilities:
- Examines documents such as applications and inspection reports to analyze risk factors including aircraft type, applicant's use of aircraft, pilots, airports, financial standing, accident experience, and the value and condition of the aircraft.
- Reviews company records to determine the amount of insurance in force on single or closely related risks and evaluates the potential for catastrophic losses.
- Communicates effectively with clients, brokers, insurance companies, or inspection companies to gather information, provide rate quotes, or explain company underwriting policies.
- Designs customized insurance programs based on comprehensive risk assessment.
- Declines undesirable risks based on established company criteria.
- Creates detailed underwriting reports using standard office software.
- Initiates necessary administrative processes, including generating quotes, binders, invoices, and insurance policies.
- Develops and maintains strong internal and external client relationships.
- Performs miscellaneous projects and administrative functions as assigned.
Qualifications and Experience:
- Bachelor’s Degree is required, with a concentration in aviation or business preferred.
- A private pilot license with instrument rating is desired, with approximately 300+ flight hours preferred. Prior aviation industry experience is also desired.
- One to three years of aviation insurance experience is preferred.
- Possesses high-quality underwriting and customer service skills, capable of handling complex coverage issues and challenging client relations.
- Demonstrates strong knowledge of industry issues and trends.
- Advanced analytical and mathematical proficiency is preferred.
- Solid computer skills are required, with proficiency in Microsoft Office applications (Word, Excel, PowerPoint, Access) desired.
- Possesses excellent interpersonal skills and the ability to manage challenging client relationships effectively.
- Strong communication skills, including solid presentation skills, are necessary.
- Solid negotiation skills and the ability to exercise sound judgment and decision-making are essential.
- Must be an independent thinker, self-motivated, detail-oriented, possess solid organization skills, and the ability to prioritize projects and work assignments.
- Ability to work effectively under time constraints and meet deadlines is required.
- Works well in a team environment, collaborating with internal and external business partners to ensure timely and appropriate management of service issues.
- Attainment of an insurance agent’s license and fulfillment of continuing education requirements for license renewal are necessary.
- Ability to work from the Company’s physical office location is required.
- Flexibility for travel (including some overnight travel), sometimes with short notice, is required.
- Willingness to pursue professional development and take insurance and aviation-related courses is necessary.
Salary Range:
$70,000.00 - $120,000.00 USD Annually
The posted annual base salary range represents a broad range of salaries around the U.S. and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills, and/or training.
Corporate Address:
United States Aircraft Insurance Group
125 Broad Street
New York, NY 10004
At USAU and CAIM, diversity is celebrated, and the company is committed to creating an inclusive environment for all employees. It is USAU and CAIM’s continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability, marital status, liability for service in the armed forces, veterans’ status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, USAU and CAIM provide reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable Canadian law.