Berkley

  • Executive Underwriter

    Location Name IL, Chicago - 233 S Wacker Drive - Suite 3900
    ID
    2018-2180
    Date Posted
    2 months ago(1/11/2019 3:23 PM)
    Company
    Berkley Select
    Primary Location
    US-IL-Chicago
    Category
    Underwriting
  • Company Details

     

    Berkley Select_Logo

     

     

    More than any other, insurance is an industry whose foundation is based on trust – to provide peace of mind. So it is essential that, above all, Berkley Select is a company defined by the attributes that engender trust and confidence among our brokers and agents, and their clients. Berkley Select is the result of bringing together two of the industry’s most respected names in professional liability insurance.
     
    We are a leading provider of professional liability insurance products across a full spectrum of disciplines and industries, for clients of virtually every size and level of complexity.

    As a Berkley company, we enjoy operational flexibility that allows us to deliver quality coverage solutions.  Berkley Select clients have access to a creative team of dedicated underwriters and the resources of W. R. Berkley Corporation. All member insurance companies are rated A+ (Superior) by A.M. Best Company, and carry Standard & Poor’s Financial Rating of A+ (Strong).

    Responsibilities

    This position is part of the D&O underwriting segment for Berkley Select and supports the achievement of established department goals related to profit, growth, customer service and producer relations.  Evaluate risk characteristics to determine potential business opportunities in accordance with guidelines and philosophy. Develop and maintain assigned brokerage relationships.

     

    Responsibilities:

    • Manage key and/or target broker relationships and expectations.
    • Manage the expectations of and communicate underwriting decisions, requirements, and philosophies to brokerage community.
    • Maintain producer / agency contact log information in electronic databases.
    • Assist in distributing business opportunities to underwriting team members to achieve efficient and effective underwriting (based on work flow, ability and priority).
    • 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.
    • Suggest and/or develop endorsements.
    • Provide research assistance in analyzing competitor forms.
    • Discuss, analyze and interpret industry policy form and coverage enhancements.
    • Assist with training other members of the underwriting and/or support staff on underwriting procedures.
    • Receive, accept and follow up for and evaluate additional information for submissions on hold status.
    • Follow up with producer to collect accurate lost quotation information.
    • Receive, accept and evaluate binder conditions.
    • Special projects as assigned. 

     

    Qualifications

    Qualifications:

    • Must have a minimum of 7 years of professional liability underwriting experience.
    • Must have knowledge of professional liability insurance policy forms, applicability and issues.
    • Must be able to conceptualize and analyze financial states at a college level.
    • Must be able to analyze professional liability risk characteristics.
    • 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.
    • Working knowledge of PC’s and other software programs (including Microsoft Word and Excel)

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