Berkley

  • Sr Underwriter-Private Company Management Liability

    Location Name NY, New York - 757 Third Ave - 10th Floor
    ID
    2018-1761
    Date Posted
    2 months ago(8/8/2018 7:31 AM)
    Company
    Berkley Professional Liab
    Primary Location
    US-NY-New York
    Category
    Underwriting
  • Company Details

    www.berkleypro.com

     

    Berkley Professional Liability specializes in professional liability insurance for publicly-traded and private entities based in the United States and Canada. Its liability coverages include directors and officers, fiduciary, employment practices, and sponsored insurance agents.

    Responsibilities

    Analyze and underwrite existing and prospective private company accounts seeking Directors and Officers, Employment Practices, and Fiduciary Liability insurance coverage.  Develop relationships with key brokers to increase the submission flow and quality of new business prospects.

     

    Responsibilities include but are not limited to:

    • Prepare thorough underwriting work-ups that contain a detailed financial analysis, claims/legal history, and a review of significant recent corporate events for each new business and renewal account.
    • Communicate with brokers during the renewal process to ascertain the client’s renewal expectations and on new business accounts to find the best opportunity for successfully winning the business.
    • Participate in client meetings designed to address each account’s risk factors and mitigation approach.
    • Work with senior managers to rate and price new/renewal accounts and draft all quote/binder letters and issue the policy.
    • Responsible for maintaining the underwriting files on all in-force and lost/declined accounts.

     

    Qualifications

    Core Competencies Required:

    • Organization – maintain thorough and orderly underwriting files that present an accurate representation of a deal that has been bound or a lost/declined opportunity that follows the internal underwriting guidelines and state specific requirements.
    • Financial literacy – analyze income statement, balance sheet, cash flow statement in order to identify risk factors.
    • Communication skills – oral and written communication skills necessary to present account synopsis to senior managers for pricing consideration. Ability to interact with senior managers (CEO, CFO, GC, Treasurer) of existing or potential insureds during underwriting client meetings.  Ability to explain underwriting positions to key brokers on a specific insured or in general to generate submissions.
    • Technical skills - fluent in policy terms/conditions and how changes to the basic terms/conditions can change the assumed risk.

    Required Experience / Qualifications:

    • 3-5 years of private company management liability (D&O, EPL, FLI and Crime) underwriting experience
    • Computer proficiency
    • Good communication and organization skills
    • Strong technical and marketing expertise
    • College degree

     

     

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed

    Connect With Us!

    Not ready to apply? Connect with us for general consideration.