Berkley

Assistant Vice President - Asset Management Leader

Location Name NY, New York - 757 Third Ave - 10th Floor
ID
2021-4560
Date Posted
2 months ago(1/14/2021 1:34 PM)
Company
Berkley Fin Secure
Primary Location
US-NY-New York
Category
Underwriting

Company Details

Berkley_Fin_Secure_Logo

Responsibilities

The Assistant Vice President - Asset Management Product Leader (AMPL) will lead Berkley FinSecure’s expansion into the management liability lines for U.S. registered investment advisers.  The AMPL will develop Berkley FinSecure’s management liability policy form, rate plan, risk appetite, underwriting guidelines and procedures, go to market strategy, external marketing campaign, and internal training. The AMPL will have direct management responsibility for a Senior Underwriter focused on asset management accounts.  Duties and responsibilities include but are not limited to: 

  • Leadership responsibility for the asset management book of business and its financial results. 
  • Developing the asset management financial lines insurance product and strategy to achieve desired results (both short-term and long-term).
  • Building out the asset management underwriting appetite, rate plan, and internal procedures (including an underwriting review template).
  • Recruiting and hiring an Asset Management Senior Underwriter, who will report to the AMPL.
  • Partnering with Underwriting, Marketing, Actuarial, Claims, Finance, and Compliance leaders in the development of product and processes.
  • Being the lead asset management underwriting contact for agent and broker partners. 
  • Liaise with Berkley Crime for the underwriting of asset management fidelity bonds (to be underwritten by Berkley Crime).
  • Serving as authority source for asset management referrals.
  • Presenting to management liability treaty reinsurers, as needed.
  • Marketing, evaluation, rating, pricing, and negotiation of New Business and Renewal asset management risks.
  • Completion/updating of data entry fields in BPMi Workflow Management System.
  • Completion of Rating/Review Documents.
  • Completion of necessary fields in Berkley Underwriting System and/or any other applicable underwriting systems proprietary to Berkley FinSecure.
  • Adherence to Berkley FinSecure Best Practices, Underwriting Guidelines, Line of Business risk appetite, and personal Underwriting Authority.
  • Communication with and solicitation of additional information from brokers.
  • Communication of corporate goals, programs, and underwriting policies and procedures.
  • Flexibility to attend industry or company events, including those requiring overnight travel.
  • Management of special projects or program business as needed.

Qualifications

  • Bachelor's Degree from a four-year college or university (preferred); Advanced degrees, RPLU, and/or CPCU designations (preferred).
  • Ten or more years of management liability insurance experience for Asset Managers.  
  • Understanding of Berkley FinSecure and Berkley Crime Best Practices, Underwriting Guidelines, and Line of Business risk appetite.
  • Demonstrated ability to stay focused on a task through completion.
  • Ability to make sound judgments based on both written and observed factors where only limited standardization exists.
  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations.
  • Ability to write reports and business correspondence.
  • Ability to effectively present information and respond to questions from groups of managers, clients, customers and general public.
  • Attention to detail.
  • Functional understanding of all required systems and processes.
  • Professional and effective communication skills.
  • Ability to work both independently and in a team environment.

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