Berkley

Senior Underwriter-Management Liability

Location Name IL, Chicago - 550 W Jackson Blvd - 4th Floor
ID
2021-5793
Date Posted
1 month ago(9/21/2021 1:04 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.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 Sr. Underwriter is a part of the D&O underwriting segment for Berkley Select. This role evaluates risk characteristics to drive potential business opportunities within the team philosophy and guidelines.

 

Our work environment is one of a collaborative and supported team that offers professional development and career advancement as we grow. Self-starters can thrive with Berkley Select with access to data and tech that helps them drive business decisions.

 

Broker Management

  • Manage key and/or target broker relationships and expectations.
  • Manage the expectations of, and communicate underwriting decisions, requirements, and philosophies to brokerage community.
  • Maintain producer / agency contact log in electronic databases.
  • Quarterly travel required (when permitted by WR Berkley)

Underwriting Duties

  • Assist in distributing business opportunities to underwriting team members to achieve efficient and effective underwriting (based on work flow, ability and priority).
  • Provide final approval and guidance on risk analysis presented by members of the underwriting department in accordance with authority levels.
  • Evaluate risk characteristics of submissions to determine business opportunities in accordance with guidelines and company philosophy.
  • Price, design and recommend policy format for quoted submissions.
  • Review underwriting documents for accuracy prior to their release to brokers and/or company clients.
  • Discuss, analyze and interpret Berkley Select policy forms and coverage issues.

Product Development

  • Suggest and/or develop policy endorsements to improve Berkley Select’s competitive advantage in the market.
  • Provide research assistance in analyzing competitor forms.
  • Discuss, analyze and interpret changes to competitor forms and underwriting appetites.

Leadership Duties

  • Assist with training junior members of the underwriting and/or support staff on underwriting procedures.
  • Provide assistance to management with training and education of the underwriting staff.

 

Qualifications

  • Bachelors Degree and and a minimum of 4-8 years of management liability underwriting experience.
  • Must have knowledge of management liability insurance policy forms, applicability and issues.
  • Must be able to conceptualize and analyze financial statements at a college level.
  • Good written and oral communications skills, including the ability to compose various types of business correspondence.
  • Must be able to manage multiple priorities, have good analytical skills and the ability to exercise independent judgment.
  • Must be customer service oriented; a team player; willing to learn; organized; detail oriented and flexible.
  • Working knowledge of PC’s and other software programs (including Microsoft Word and Excel)

Additional Company Details

The Company is an equal employment opportunity employer.

Additional Requirements

COVID-19 vaccine required unless prohibited by law.

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