Berkley

  • Chief Underwriting Officer

    Location Name AZ, Scottsdale - 14902 N 73rd Street
    ID
    2019-2343
    Date Posted
    1 month ago(2/14/2019 9:16 AM)
    Company
    Berkley Aspire
    Primary Location
    US-AZ-Scottsdale
    Category
    Underwriting
  • Company Details

    Berkley Aspire_Logo

    Berkley Aspire is passionate about making excess and surplus lines business easy to transact.  We differentiate ourselves by continually innovating to bring market-leading technology and services to our agents and their clients.  From direct bill with installments, to not requiring renewal applications for 80% of our small business policies, we focus on making it easy, expeditious, and efficient for agents and consumers.

    Berkley Aspire writes from small, minimum premium, policies to accounts over six figures.  We offer General Liability, Property, Inland Marine and Umbrella policies through Berkley appointed agencies in 49 states.

    Responsibilities

    The Vice President and Chief Underwriting Officer (“CUO”) will lead and manage the Underwriting Department. The CUO is directly responsible for the quality and profitability of the business underwritten.  The CUO will establish and maintain the Company’s underwriting guidelines, product offerings, coverage forms and rates.  In addition, the CUO will be a member of Company’s Senior Executive team, contributing to the overall leadership and governance of the Company.

     

    ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. These are functions that a person must be able to perform in the job, either unaided or with the assistance of a “reasonable accommodation”. The essential function should be related to the overall job purpose, done with great frequency, cause severe consequences if omitted and cause difficulty if re-assigned. The job would be fundamentally altered if the essential duty were removed.

     

     

    • Participate in the overall leadership and management of the Company as a member of the Senior Executive Team; including strategic, operational and budget planning
    • Daily management of the underwriting department to ensure the effective solicitation, selection, pricing, and retention of profitable business
    • Implement underwriting strategies to meet market needs, including new underwriting programs, procedures and products
    • Assist in developing and achieving annual operational plan for the underwriting department, supported with annual plans for each Territory Manager
    • Assign underwriting authority to staff and establish and maintain controls to monitor their ability to accept risks, determine pricing and coverages, and place reinsurance
    • Develop and maintain a comprehensive underwriting manual or guide that presents the Company’s underwriting appetite, standards, policies and requirements
    • Establish and maintain underwriting audit processes and controls to verify compliance with underwriting authorities, established guidelines, standards and procedures
    • Oversee underwriting of difficult, complex accounts and resolve issues beyond the authority of underwriting staff
    • Working with the actuarial group, ensure rate adequacy and pricing integrity
    • Perform periodic written evaluations of direct reports and staff, including development plans, corrective action plans and disciplinary action when required
    • Responsible for managing expenses, employee retention and productivity and achieving annual budget
    • Responsible for handling reinsurance matters for both treaty and facultative sources as required
    • Collaborate with other departments regarding regulatory issues, accounting, processing, marketing or other company issues
    • Responsible for overall leadership and management of the underwriting staff in accordance with the Company’s policies and all applicable laws and regulations;
    • Interview, hire, train, and  develop underwriting staff;
    • Performance manage through coaching and periodic written reviews, including corrective action and disciplinary plans when necessary.

    Qualifications

    • Bachelor’s degree (B.A.) or 20+ years related experience and/or training; or equivalent combination of education and experience.
    • Successful leadership experience evidenced by quantifiable results;
    • Superior knowledge and experience in Excess and Surplus lines with an emphasis on general liability and property coverages;
    • Possesses and demonstrates key behaviors, attributes and qualities that encourage collaboration and innovation.
    • Demonstrated ability to work and achieve goals within limited time and resource constraints;
    • CPCU, IIA or other insurance related designations preferred.

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