Job Description

At Coaction, we’re a unique mix of leaders, achievers, thinkers, and team players with a high-performance mindset and a diverse skillset. We bring our industry expertise together to continually push the boundaries of what insurance can be for our clients.The Senior Underwriter possesses strong analytical and interpersonal skills to effectively promote and position and market our organization, our business model as well as products and services. This will require such Senior Underwriter to think strategically, determine measurable goals and objectives, create strong relationships with distribution, lead a team to successful outcomes, understand Coaction’s appetite and be product and subject matter expert on the changing landscape of the industries and customer needs within our Financial Institutions and Credit Union program offerings.Responsibilities • Analyze and underwrite complex financial institutions such as banks, insurance companies, credit unions, investment banks, investment advisers, fund structures, hedge funds, private equity firms, venture capitalists, equity and bond exchanges, market makers, high frequency traders, FINTECHs, INSURETECHs, decentralized finance organizations and others.• Assess and analyze regulatory exposure, financial strength, corporate governance, internal controls, regulatory status and claims/loss history•Determine appropriate coverage terms, pricing and insurance program structure•Prepare and document risk assessments, underwriting authority referrals and pricing justification in accordance with underwriting guidelines• Achieve premium, profit and expense targets goals• Build and maintain strong broker and client front office relationships•Respond promptly to submissions, inquiries, product questions, quote and other service requests•Represent Co/Action Specialty brand at meetings, conference calls and industry events•Adhere to portfolio steering and management specifications• Maintain bottom-line oriented underwriting discipline and profitability• Monitor aggregate exposures•Assist in business planning and forecast of financial results•Ensure all policy and underwriting file documentation is accurate and complete• Collaborate with the FI, CU and other teams at Co/Action•Monitor industry trends, regulatory developments and financial sector-specific news•Stay informed of peer underwriting behavior, product offerings and ratings actions•Contribute to product development, thought leadership and strategyQualifications • Bachelor’s degree or equivalent experience preferably in finance, insurance, risk management, accounting, economics or related field of study• Minimum of 5 years’ experience underwriting professional liability lines of business• Proven ability to underwrite complex financial institution risks such as banks, credit unions, investments advisors, insurance companies• Strong customer-oriented product management skills• Strong negotiation skills• Ability to explain underwriting decisions• Familiarity with loss history analysis, financial analysis• Superior communication and organizational skills• Strong project and people management skills• Must be able to identify exposures and hazards and willingness to learn• Ability to distill complex concepts into simpler examples• Strong decision-making skills• CPCU or ARM preferredSalary range specific to for this role : $116,000-$148,000 + discretionary incentive bonus + benefits depends on various factors including, without limitation, individual and organizational performance. The offered rate of compensation will be based on individual education, experience, and qualifications. In addition, employees are eligible for standard benefits package including paid time off, medical, dental and retirement. Equal Opportunity EmployerCoaction is an Equal Employment Opportunity employer. Coaction’s policy is not to discriminate against any applicant or employee based on race, color, religion, national origin, gender, age, sexual orientation, gender identity or expression, marital status, mental or physical disability, and genetic information, or any other basis protected by applicable law. Coaction also prohibits harassment of applicants or employees based on any of these protected categories.If your application is selected, you will receive an email directly from the Coaction Recruiting Team at coaction@myworkday.com asking you to contact a member of the Coaction Recruiting Team. Any other method of contact may be fraudulent.SummaryLocation: New York, NY; Morristown, NJType: Full time

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