Senior Underwriting Specialist - Fine Art

Posted Yesterday
Be an Early Applicant
New York, NY, USA
In-Office
105K-175K Annually
Senior level
Insurance
The Role
Underwrite and produce profitable fine art inland marine coverage nationally. Evaluate submissions, select risks, set terms and pricing, analyze reports, maintain accounts, and support customer relationships. Market products, visit producers and insureds, participate in calls, prepare communications, and ensure compliance with underwriting guidelines. Support growth, profitability, and team collaboration; travel up to 20%.
Summary Generated by Built In

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow.

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.

This position is not eligible for employment visa sponsorship. Applicants must be authorized to work in the United States without the need for current or future sponsorship.

As one of the largest monoline crime insurance writers in the country, the Fidelity / Crime Division specializes in protecting virtually every class of business from crime-related losses since 1995. Our team specializes in insurance for high valued objects including fine art. The fine art practice is one of the fastest growing monoline art insurers in North America, underwriting private collections, dealers, galleries, public collections, and museums. Additionally, Fidelity / Crime offers specialized products and programs for kidnap, ransom & extortion, casinos and gaming operations, armored car companies, mining risks, ATM companies, security guards, and check cashers.

http://www.greatamericaninsurancegroup.com/about-us/business-operations/division/fidelity-crime

We are currently seeking an experienced Underwriter to join our Fine Art team. The role of the Underwriter is to market, underwrite and produce profitable monoline Fine Art inland marine coverage on a national basis in accordance with Company objectives and policies. This is a salaried position and not commissioned sales.

This position is based in our New York City office and follows a hybrid work schedule. Depending on the candidate's experience and qualifications, we may also consider individuals located outside the New York City area for a hybrid or fully remote position depending on the precise location.

Essential Job Functions and Responsibilities:

  • Has responsibility for low complexity risk selection/rejection, pricing, retention, growth, and profitability within scope of authority and per divisional objectives.

    • Uses independent judgment and initiative to support business goals.

    • Maintains a high level of customer service.

    • Receives and analyzes submissions and determines terms to offer (policy limits, deductibles, coverage options and conditions, etc.).

    • Prices business in accordance with company guidelines.

    • Assesses risk quality and compliance within company guidelines.

    • Orders and analyzes miscellaneous business reports needed in the rating and underwriting processes, including applications, location details, credit checks, contract agreements, financial statements, and underwriting surveys.

    • Makes recommendations on risks.

    • Enters, maintains, and monitors accounts using underwriting, analysis, and desktop systems.

    • Prepares effective internal and external communications on underwriting issues.

  • Develops and maintains effective business relationships with internal and external customers/coworkers in order to attract and retain profitable business.

  • Interacts with the producers/insureds, assists in marketing calls, and participates in underwriting/production calls.

    • Interprets, explains, and markets products and services.

    • Visits producers and principals, as well as attends industry or company events, in order to retain existing accounts, survey exposures, build and maintain business relationships, and develop new opportunities in support of divisional objectives.

  • Applies underwriting rules and guidelines, rating manual rules, and insurance laws and regulations. 

  • Performs other duties as assigned.

  • Strong negotiation skills.

  • Must be able to thrive in a team environment

Job Requirements

  • Bachelor’s Degree or equivalent experience. 

  • Field of Study: Applicable liberals arts or business discipline

  • Art Related Experience: Knowledge of contemporary art movements and art history is helpful but not required.

  • Generally, 5 years to 10+ years of related experience.

  • High level of organizational skills, ability to establish priorities and meet deadlines.

  • Proficiency in PC based programs and Microsoft Office.

  • Must be open to day and overnight travel up to 20% of the time to visit producers and insureds and attend industry or company events.

Business Unit:

Fidelity / Crime


Salary Range:

$105,000.00 -$175,000.00

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.

Skills Required

  • Bachelor's degree or equivalent experience (liberal arts or business discipline)
  • 5 to 10+ years of related underwriting or insurance experience
  • Proficiency in PC-based programs and Microsoft Office
  • Strong negotiation skills
  • Ability to work in a team environment
  • Willingness to travel day and overnight up to 20%
  • Authorized to work in the United States without visa sponsorship
  • Knowledge of contemporary art movements and art history

Great American Insurance Group Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Great American Insurance Group and has not been reviewed or approved by Great American Insurance Group.

  • Leave & Time Off Breadth PTO, paid holidays, and paid parental leave are positioned as generous from the first year. These time‑off provisions are seen as core strengths of the total package.
  • Healthcare Strength Health coverage includes comprehensive medical, dental, and vision options supported by HSA and FSA programs. Wellness resources such as EAP access, fitness facilities or reimbursements, and instructor‑led classes broaden the offering.
  • Retirement Support Immediate 401(k) eligibility with a competitive company match and potential discretionary retirement contributions support long‑term savings. An employee stock purchase option and various discounts further reinforce financial benefits.

Great American Insurance Group Insights

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The Company
HQ: Cincinnati, OH
4,738 Employees

What We Do

Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. We have more than 30 specialty property and casualty insurance businesses, and in 2021, approximately 50% of our gross written premium in our property and casualty operations was generated by business units with a Top 10 market ranking. Great American Insurance Company has received an "A"​ (Excellent) or higher rating from the AM Best Company for more than 110 years (most recent rating evaluation of "A+"​ (Superior) affirmed December 3, 2021). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.

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