Berkley

AVP, Sr. Underwriter

Location Name NY, New York - 757 Third Ave - 10th Floor
ID
2024-11541
Date Posted
2 weeks ago(12/9/2024 1:39 PM)
Company
Berkley Design Professional Underwriters
Primary Location
US-NY-New York
Category
Underwriting

Company Details

Berkley_Alliance_Managers_Logo

 

At Berkley Alliance Managers, we offer innovative coverage and risk management solutions for our brokers and policyholders. We have a passion for offering fresh ideas and relevant insurance products and services. Our business consists of four target markets – Design Professionals, Construction Professionals, Accounting Professionals and Miscellaneous Service Professionals. Our focus allows us to tailor coverage and create comprehensive risk management programs that enhance profitability and reduce susceptibility to loss.  

 

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

 

The company is an equal opportunity employer.

Responsibilities

The AVP, Senior Underwriter will apply knowledge about the risk factors that drive exposure for Architects & Engineers professional liability coverage.  The AVP will apply the key decision-making elements of professional liability underwriting within their authority grant in order to appropriately structure coverage and quotations, while also identifying factors that will lead to a declination.  This position will interface daily with our distribution partners by phone, email and in person. The AVP will be utilizing our policy management system in order to access our data platform for rating, quotation, binding, issuing and policy servicing. Finally, as an entry-level officer, the AVP will contribute to strategic discussions and will specialize in one or more additional subject matters (product and/or function).

 

Key functions include but are not limited to:

  • Review of applications and making determinations of acceptability for coverage.
  • Input on data into policy and quote management system (Phoenix II.)
  • Analysis of claims data for decision making and for rating input.
  • Utilization of Odyssey Claims Management system for claims analysis.
  • Preparation of quotations for risks that fall within authority grant.
  • Preparation and communication of referrals for risks that exceed authority grant.
  • Communication of terms and declinations to brokers.
  • Selection and production of endorsements and customization of insurance coverage.
  • Utilization of MS Word, Excel, PowerPoint and Outlook.
  • Communication by phone and email with company personnel and brokers
  • Occasional Travel required

Qualifications

  • Associates or Bachelor’s Degree preferred
  • Prior insurance experience preferred
  • Prior completion of insurance coursework or licensing preferred
  • A minimum of 8 years of experience underwriting A/E Professional liability insurance policies.
  • Strong analytical skills.
  • Strong communication skills, both written and oral.
  • Some prior marketing or sales skills preferred.
  • Ability to understand complex insurance regulations, policy language, construction methodology, design standards and evolving case law.
  • Experience in developing policy language and analyzing the policy language of other carriers.
  • Understanding of state regulations and ability to maintain compliance standards.
  • Familiarization with MS Work, Excel, PowerPoint and Outlook.
  • Individual should be self-motivated and goal oriented.
  • Some travel required.

Additional Company Details

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

The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
• Base Salary Range: $135,000 – $165,000
• Eligible to participate in annual discretionary bonus.
• Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

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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