Aviation Insurance Underwriter - New York City
Location: New York City, NY
About the Company:
As America's First Name in Aviation Insurance, the company holds a unique and pioneering position in the industry, dating back to 1928. Founded by two pilots, the organization, United States Aircraft Insurance Group (USAIG), was established as an insurance pool dedicated to providing specialized expertise in aviation underwriting and claims handling. Today, USAIG remains a leading insurance provider across all segments of the aviation and aerospace industry. United States Aviation Underwriters, Inc. (USAU) manages the USAIG insurance pool and underwrites on behalf of its member companies. USAU is a subsidiary of General Re Corporation, a leading global reinsurer, and a proud member of the Berkshire Hathaway Inc. family of companies.
Position Description:
The company seeks an Aviation Insurance Underwriter to join its team in the New York City Branch Office. This role is ideal for a candidate who possesses a passion for aviation combined with meticulous attention to detail. The Aviation Insurance Underwriter is primarily responsible for reviewing general aviation insurance proposals. Key functions include evaluating, classifying, and rating personal, corporate, or commercial aviation programs, determining acceptance or rejection of applications, negotiating pricing and coverage terms, and executing various administrative duties essential to the underwriting process.
Position Responsibilities:
The Underwriter's responsibilities encompass a range of duties, including:
- Examining applications, inspection reports, and other relevant documents to thoroughly analyze risk factors related to aircraft, applicant's use of aircraft, pilots, airports, financial standing, accident history, and aircraft value and condition.
- Reviewing internal records to ascertain the total amount of insurance in force on individual or related risks and assessing potential losses due to catastrophic events.
- Communicating effectively with clients, brokers, and insurance or inspection companies to gather necessary information, provide rate quotes, and explain the company's underwriting policies.
- Designing bespoke insurance programs tailored to specific risk assessments.
- Declining risks that do not meet established company criteria.
- Generating comprehensive underwriting reports utilizing word processing, spreadsheet, and database software.
- Initiating administrative processes required for the generation of quotes, binders, invoices, and insurance policies.
- Building and maintaining strong relationships with both internal colleagues and external clients and partners.
- Undertaking miscellaneous projects and administrative tasks as assigned.
Role Qualifications and Experience:
- A Bachelor’s Degree is required, with a concentration in aviation or business preferred.
- A Private Pilot License with an instrument rating is highly desired, with approximately 300 or more flight hours preferred.
- One to three years of aviation insurance experience is preferred, and prior aviation industry experience is also desired.
- Demonstrated high-quality underwriting skills and exceptional customer service capabilities are essential for handling complex coverage issues and navigating challenging client relations.
- A strong understanding of current industry issues and trends is required.
- Advanced analytical and mathematical proficiency is preferred.
- Solid computer skills are necessary, with proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Access) desired.
- Excellent interpersonal skills and the ability to manage challenging client interactions effectively are required.
- Strong communication skills, including solid presentation abilities, are necessary.
- Solid negotiation skills and the capacity to exercise sound judgment and decision-making are essential.
- The ideal candidate will be an independent thinker, self-motivated, detail-oriented, well-organized, and possess the ability to prioritize projects and manage work assignments effectively.
- The ability to work efficiently under time constraints and consistently meet deadlines is required.
- The ability to collaborate effectively in a team environment and work with internal and external business partners to ensure timely and appropriate management of service issues is needed.
- Attainment of an insurance agent’s license and commitment to fulfilling continuing education requirements for license renewal is necessary.
- The role requires the ability to work from the Company’s physical office location.
- Flexibility for travel, including some overnight travel sometimes with short notice, is required.
- A willingness to pursue professional development and take insurance and aviation-related courses is necessary.
Salary Range:
$70,000.00 - $120,000.00 USD
The annual base salary range provided represents a broad range of salaries across the U.S. and is subject to numerous 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
Diversity and Equal Employment Opportunity:
At USAU and CAIM, the company celebrates diversity and 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.