Berkley

Underwriting Manager - Commercial Crime

Location Name IL, Chicago - 550 W Jackson Blvd - 4th Floor
ID
2024-10087
Date Posted
3 months ago(3/21/2024 2:53 PM)
Company
Berkley Select
Primary Location
US-IL-Chicago
Category
Underwriting

Company Details

Berkley_Select_Logo

 

Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations. As a Berkley company, Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting, loss control, and claims practices to provide superior products and services to its customers.

Berkley Select is a Berkley Company. W. R. Berkley, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB).     

 

Company URL:    https://www.berkleyselect.com

 

The company is an equal opportunity employer.

Responsibilities

Berkley Select is seeking an Underwriting Manager. This position is part of the Management Liability underwriting segment for Berkley Select and supports the achievement of established departmental goals related to profitability, growth, and producer relations.  The position requires developing policy forms, endorsements, risk appetite, underwriting guidelines and driving overall strategy for the Commercial Crime insurance product. The position also requires developing and maintaining brokerage relationships and underwriting individual risks in accordance with guidelines and philosophy for Commercial Crime insurance.

 

Key Functions will include but not be limited to:

 

Broker Management

  • Manage key and/or target broker relationships and expectations.
  • Communicate underwriting decisions, requirements, and philosophies to brokerage community.
  • Maintain producer / agency contact log in electronic databases.

Underwriting Duties

  • Develop policy forms, endorsements, risk appetite, underwriting guidelines and drive overall strategy for the Commercial Crime insurance product.
  • Provide final approval and guidance on risk analysis presented by members of the underwriting department in accordance with authority levels.
  • Evaluate risk characteristics of submissions to determine business opportunities in accordance with guidelines and company philosophy.
  • Price, design and recommend policy format for quoted submissions.
  • Review underwriting documents for accuracy prior to their release to brokers and/or company clients.
  • Discuss, analyze and interpret Berkley Select policy forms and coverage issues. 

Product Development

  • Propose and/or develop policy forms and endorsements to improve Berkley Select’s competitive advantage in the market.
  • Provide research assistance in analyzing competitor forms.
  • Discuss, analyze and interpret changes to competitor forms and underwriting appetites.

Leadership Duties

  • Responsible for the profitable growth of the Commercial Crime insurance product.
  • Assist in training underwriting team members to achieve efficient and effective underwriting (based on risk and form analysis congruent with risk appetite and underwriting guidelines).

Other Duties

  • Special projects as assigned. 

Qualifications

 

  • Must have a minimum of 5 years of commercial crime underwriting experience.
  • Must have knowledge of commercial crime insurance policy forms, applicability and issues.
  • Must be able to conceptualize and analyze financial statements.
  • Must have good written and oral communications skills, including the ability to compose various types of business correspondence.
  • Must be able to manage multiple priorities, have good analytical skills and the ability to exercise independent judgment.
  • Must be customer service oriented; a team player; willing to learn; organized; detail oriented and flexible.
  • Must have working knowledge of PC’s and other software programs (including Microsoft Word and Excel)

Education Requirement

  • Bachelor’s Degree Preferred

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship Details

Sponsorship not Offered for this Role

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