Senior Underwriter - Ocean/Cargo Marine at MSIG USA in IL-Chicago
- Company: MSIG USA
- Location: IL-Chicago
- Posted: Sep 18, 2026
- Type: Full-time
- Salary: $140,000.00 - 160,000.00
- Experience: 5+ years
Overview
MSIG USA continues to grow! The Cargo/Ocean Marine Underwriter plays a critical role in evaluating, pricing, and managing risks associated with domestic and international cargo shipments. This position supports profitable growth of the marine portfolio by applying sound underwriting judgment, buildi…
Job description
- MSIG USA continues to grow!
- The Cargo/Ocean Marine Underwriter plays a critical role in evaluating, pricing, and managing risks associated with domestic and international cargo shipments. This position supports profitable growth of the marine portfolio by applying sound underwriting judgment, building strong broker relationships, and staying ahead of global trade and logistics trends.
Responsibilities
- Underwriting & Risk Evaluation
- Assess and underwrite cargo and ocean marine risks in accordance with company guidelines, authority levels, and profitability targets.
- Analyze submissions including vessel details, cargo type, routing, loss history, and insured operations.
- Determine appropriate pricing, terms, and conditions based on risk quality and market dynamics.
- Structure tailored insurance solutions for complex or specialized marine exposures.
- Portfolio & Business Management
- Manage a book of cargo/ocean marine business with a focus on sustainable profitability and disciplined growth.
- Monitor account performance, loss trends, and market conditions to adjust underwriting strategies.
- Collaborate with actuarial, claims, and risk engineering teams to refine underwriting approaches and improve results.
- Broker & Client Engagement
- Develop and maintain strong relationships with brokers, agents, and key clients.
- Provide responsive, knowledgeable service to distribution partners to support new business and renewals.
- Represent the company in market meetings, industry events, and client presentations.
- Compliance & Documentation
- Ensure underwriting files are complete, accurate, and compliant with internal standards and regulatory requirements.
- Maintain clear documentation of underwriting rationale, pricing decisions, and coverage structures.
- Market & Industry Insight
- Stay current on global trade patterns, supply chain issues, vessel safety standards, and marine insurance trends.
- Contribute to product development, appetite refinement, and strategic initiatives within the marine segment.
Requirements
- Bachelor’s degree in business, finance, risk management, or related field.
- 5+ years experience underwriting cargo, logistics or related commercial P&C lines.
- Strong analytical skills with the ability to assess complex risks and make sound decisions.
- Excellent communication and negotiation abilities.
- Ability to build and maintain productive broker relationships.
- Proficiency with underwriting systems, rating tools, and Microsoft Office applications.
- Professional designations such as CPCU, AMIM, or ARM.
- Knowledge of international trade, logistics, and maritime operations.
Skills
Required
- Strong analytical skills
- Underwriting systems
- Rating tools
- Microsoft Office applications
Benefits
- Healthcare and Retirement Benefits
- Comprehensive medical, dental, and vision coverage
- 401(k) with a generous employer match and profit-sharing contribution
- Wellness incentive program
- Life and accidental death and dismemberment (AD&D) insurance
- Flexible spending programs
- Short-term and long-term disability plans
- Additional Benefit Programs
- Paid time off program
- Paid charitable leave
- Paid parental leave
- Tuition reimbursement program
- Personal insurance (auto/homeowners) discounts
- It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!
- Salary: The base pay range is $140,000.00 - 160,000.00. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.
About MSIG USA
MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks. Each employee plays an important role which contributes directly to the success and continued growth of MSIG. MSIG Holdings (U.S.A.), Inc. (MSIG) is a wholly owned subsidiary of the MS & AD Insurance Group Holdings, Inc. – one of the top ten property-casualty insurance groups world-wide. Our Group has capital in excess of $25 Billion, operations in more than 40 countries and nearly 40,000 personnel located globally. MSIG in the U.S. is comprised of three insurance companies with licenses in all fifty states as well as Puerto Rico and the District of Columbia. These companies and five other subsidiaries, deliver state of the art risk financing programs, insurance products, risk engineering and claims management services that enable our clients to effectively and efficiently manage their risks. Our insurance companies share the A.M Best’s A+ XV Rating and Standard & Poor’s A+ Rating of our Japan-based parent. Our clientele runs the gamut from small and mid-sized, sole-proprietorships, partnerships and corporations, up to some of the largest and most sophisticated multinational corporations operating in the U.S. and globally. The vast majority of clients seek our support related to Commercial Lines insurance products including Commercial Property and Liability Insurance products. However, through our subsidiary – Seven Hills Insurance Agency, LLC. – we are able to provide Personal Lines Insurance products including homeowners, renters, automobile, etc. All Risk Property, Commercial Liability, Automobile, Workers Compensation, Management Liability, Marine, Excess & Umbrella, Claims Management, Risk Engineering services, etc.