AVP, Renewal Underwriting
Location Name
CT, West Hartford - 433 S Main Street Suite 200
- ID
- 2025-12029
- Date Posted
- 2 weeks ago(3/20/2025 1:26 PM)
- Company
- Berkley Financial Specialists
- Primary Location
- US-CT-West Hartford
- Loc2
- NY, New York - 757 Third Ave - 10th Floor
- Category
- Underwriting
Company Details
Berkley Financial Specialists, a member of W.R. Berkley Corporation, is dedicated to providing customized, comprehensive insurance solutions and outstanding customized personalized service to financial institutions. We offer financial institution bond and management liability coverages to the subclass of financial institutions, including banks, registered investment advisers, insurance companies, and credit unions.
All products are underwritten on an admitted basis on behalf of W.R. Berkley Corporation member insurance companies, which carry A.M. Best and S&P A+ ratings and A.M. Best Financial Size Category XV.
Responsibilities
Assistant Vice President (Underwriters) are a product-specific resource within a particular Line of Business with respect to underwriting and related workflow processes. Assistant Vice President (Underwriters) will be assigned to a particular geographic territory, product category, or production region and will be expected to promote profitable written premium growth and favorable loss ratios in the renewal book of business in accordance with Berkley Financial Specialists best practices, Underwriting Guidelines, Line of Business risk appetite, and personal Underwriting Authority. Assistant Vice President (Underwriters) will coordinate with Territory Production Underwriters to enact the plan to achieve desired results (both short-term and long-term). Assistant Vice President (Underwriters) may also be required to oversee the efficiency and effectiveness of Senior Underwriters and Underwriters.
• Evaluation, rating, and pricing of Renewal risks and New Business account rounding opportunities.
• Preparation of Declination correspondence to broker (when required).
• Completion/updating of data entry fields in BPMi Workflow Management System.
• Completion of Rating/Review Documents.
• Completion of necessary fields in BUS and/or any other applicable underwriting systems proprietary to Berkley Financial Specialists.
• Adherence to Berkley Financial Specialists Best Practices, Underwriting Guidelines, Line of Business risk appetite, and personal Underwriting Authority.
• Communication with and solicitation of additional information from brokers when needed.
• Coordination with Territory Production Underwriters on the development, maintenance, and management of agency/producer relationships and assisting Territory Production Underwriters when needed to evaluate of the performance of agency/producer relationships to ensure company and agency goals are met.
• Communication of corporate goals, programs, and underwriting policies and procedures.
• Awareness and maintenance of personal production, hit ratios, renewal retention ratios, spread of risk, and other production and quality measures.
• Development of and influence over coverage forms (wording) and rates.
• Act as a liaison with finance/accounting as needed.
• Aid in cultivating relationships and collaborating with treaty and facultative reinsurers as needed.
• Flexibility to attend industry or company events, including those requiring overnight travel.
• Management of special projects or program business as needed.
• Availability to aid in additional workflow processes when needed and subject to supervisor direction
Qualifications
• Bachelor's Degree from a four-year college or university (preferred); Advanced degrees, RPLU, and/or CPCU designations (preferred).
• Five or more years of insurance industry/related experience and/or training.
• Demonstrated ability to stay focused on a task through completion.
• Commitment to collaborate with other Berkley Financial Specialists Lines of Business or WRBC Business Units and co-workers to support Berkley Financial Specialists, Berkley Crime, and WRBC strategies, initiatives, and executive objectives.
• Ability to make sound judgments based on both written and observed factors where only limited standardization exists.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations.
• Ability to write reports and business correspondence.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers and general public.
• Attention to detail.
• Functional understanding of all required systems and processes.
• Professional and effective communication skills.
• Ability to work both independently and in a team environment.
• Willingness to learn.
• Ability to multi-task.
• Ability to work in a fast-paced environment and respond quickly when necessary.
• Excellent time management skills.
• Ability to work well with support staff, lead and motivate direct reports (where applicable) and desire to aid in the development of others.
• Basic computer skills including Microsoft Word, Microsoft Excel, and other related programs.
• Strong basic mathematical skills and ability to work with mathematical concepts such as probability and statistical inference, fractions, percentages, ratios and proportions.
The Company is an equal employment opportunity employer.
Additional Company Details
We do not accept unsolicited resumes from third party recruiting agencies or firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees including:
• Base Salary Range: 135k-$150k depending on location and experience
• Eligible to participate in annual discretionary bonus
• Benefits include: Health, dental, vision, dental, 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.
The company offers a competitive compensation plan and robust benefits package for full time regular employees including:
• Base Salary Range: 135k-$150k depending on location and experience
• Eligible to participate in annual discretionary bonus
• Benefits include: Health, dental, vision, dental, 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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