Berkley

Sr Underwriter-Private Company Management Liability

Location Name NY, New York - 757 Third Ave - 11th Floor
ID
2020-4289
Date Posted
3 months ago(10/12/2020 12:08 PM)
Company
Berkley Professional Liab
Primary Location
US-NY-New York
Category
Underwriting

Company Details

Berkley_Professional_Liab_Logo

Responsibilities

The Private Company Management Liability Senior Underwriter analyzes and underwrites existing and prospective private company accounts seeking Directors and Officers, Employment Practices, and Fiduciary Liability insurance coverage.  S/he develops relationships with key brokers to increase the submission flow and quality of new business prospects.   Duties and 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

  • BA/BS degree in a related course of study
  • 5 – 10 years of private company management liability (D&O, EPL, FLI and Crime) underwriting experience
  • RPLU a plus
  • Strong technical and marketing expertise
  • 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 – competently analyzes income statements, balance sheets and cash flow statements 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.

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