Berkley

AVP - Underwriting

Location Name IA, Urbandale - 11201 Douglas Avenue
ID
2020-4382
Date Posted
3 weeks ago(11/12/2020 4:51 PM)
Company
Berkley Agribusiness
Primary Location
US-IA-Urbandale
Category
Underwriting

Company Details

Berkley Agribusiness Logo_Update_9_2020

Berkley Agribusiness is a provider of property and casualty insurance solutions for select commercial agribusiness accounts and is a subsidiary of the W. R. Berkley Corporation, a Fortune 500 company recognized as one of the most respected names in the property casualty insurance industry.

 

About W. R. Berkley Corporation

W. R. Berkley Corporation, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. Each of the operating units in the Berkley group participates in a niche market requiring specialized knowledge about a territory or product. Our competitive advantage lies in our long-term strategy of decentralized operations, allowing each of our units to identify and respond quickly and effectively.

Responsibilities

Provides strategic direction and leadership for Underwriting Proactively participates with the CUO, senior management team and functional department staff in developing and executing strategic plans to meet business objectives and ensure operational effectiveness.  Establishes underwriting philosophies and guidelines to support the business plan goals of profitability, managed growth and enhanced competitive advantage.  Fosters a workplace environment consistent with the values and mission outlined by senior leadership.

  • Collaborates with the CUO and senior leadership to develop and execute tactical and strategic business plans including strategic underwriting objectives, underwriting strategies, and underwriting and workflow best practices.   Provides leadership in the development of product, pricing, business systems and workflow.  Oversees and ensures the successful execution of business operations initiatives to enhance profitability, productivity and efficiency.
  • Directs underwriting authority grants as well as audit practices to ensure underwriting controls and guideline adherence. 
  • Participates in developing, maintaining or enhancing customer relationships to promote profitability and growth and the retention of existing business. Includes physical & virtual partnership visits with select middle market accounts.
  • Ensures underwriting business unit staff has solid appreciation and understanding of Berkley Agribusiness risk appetite and market differentiators; business opportunities and targets; competitive threats; and emerging market trends.
  • Evaluates business unit’s underwriting performance by developing metrics and success criteria to measure and track key performance factors to achieve desired outcomes (i.e., growth, risk quality, profit, premium, policies in force, service standards, loss ratio, expenses, etc.). Develops and provides oversight for risk quality program including underwriting audit process. Provides results to staff and management team and develops plans to resolve issues.
  • Collaborates with Business Development and functional business units to identify and implement strategies and solutions to improve production efficiency and effectiveness to support the organization’s goals. 
  • Attracts, coaches and develops talent to ensure a staff capable of carrying out business strategies.  Contributes to company’s success by developing business unit and individual staff goals, measuring results, rewarding achievement or taking corrective action, as necessary. Mentors staff by providing frequent and specific constructive feedback.   Places emphasis on talent management and succession planning.
  • Duties may include accountability for, but is not limited to:  Premium Audit; Facultative Reinsurance relationships; ; liaison to other WRBC operating units, including close collaboration with BSS, BTS and the other Specialty WRBC operating units on the SSP shared platform as well as International Solutions liaison with WRBC international companies; Staff and Product Underwriting functions; and responsibility for cross functional / inter-department communication, workflows, and projects.
  • Plans, allocates and manages financial budget by anticipating expenditures, accurately forecasting resource needs/costs and properly accounting for expenses to meet requirements and achieve fiscal responsibility.
  • Leads or participates in various strategic initiatives and project teams as needed. Directly supervises Underwriting Managers and/or Underwriting Directors. 

Qualifications

  • Bachelor's degree and 15 years related experience and/or training or equivalent combination of education and experience. 
  • In-depth experience in establishing programs, policies and procedures at a Home Office level. 
  • Strong knowledge of middle market commercial insurance coverages, insurance laws, regulations, and procedures. 
  • Middle market and alternative risk (including high deductible, self-insured retention, etc) experience preferred.
  • Previous experience in a leadership role.   

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