Berkley

Vice President Underwriting

Location Name IL, Chicago - 550 W Jackson Blvd - 4th Floor
ID
2021-5455
Date Posted
2 months ago(7/26/2021 6:00 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

 

The Vice President, Affinity Programs for Berkley Select manages programs and provides the underwriting leadership and management team with underwriting and analytical results while promoting profitable growth within the assigned business partners. The role is responsible for the P&L of the portfolio and works with the distribution channel to steer business opportunities to Berkley Select focusing on profitability of the portfolio when making underwriting decisions.

  •  Review new business and renewal program referrals within the designated authority for underwriting, pricing, and segment acceptability.
  • Present quarterly program results to Senior Management.
  • Participate in new program due diligence process.
  • Strengthen our value proposition with existing and future program partners.
  • Review and reconcile bordereau reports for all programs and provide discoveries to SVP of programs.
  • Audit portfolios for all programs on a quarterly basis and prepare audit report
  • Correspond with MGU’s and answer inquiries professionally and on a timely basis.
  • Works with the Program Managers, Actuarial, Claims, CRM, Finance, Legal, Operations, and Regulatory departments on admitted rate/form filings and forms for the non-admitted business.
  • Maintain Electronic files for all programs.
  • Conduct research, run reports, and handle information related to business practices of the company.

The position requires extensive experience in the Program underwriting space specifically when it comes to strategic planning and execution.

  • Work with underwriting, key broker relationships and leadership when it comes to defining overall business plan to drive profitable results.
  • Is able to articulate the business value proposition that leads to exceptional underwriting results.
  • Work with the distribution channel to insure that we have clear underwriting focus on our plan to execute. 
  • Manages the Program Underwriting strategy with report outs on results and plans on a continuous basis while communicating results.

Qualifications

  • Four (4) year College Degree, or commensurate experience and training
  • Minimum of 10 - 15 years of Program Underwriting experience in PL and ML space Experience with E&S lines of business, preferred
  • CPCU or AIC desired but not mandatory.
  • Management experience – both business strategy as well as people
  • Significant complex problem-solving experience. 
  • Ability to think innovatively

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