The President is responsible for the successful management of virtually all aspects of the specific “stand alone” Operating Unit. S/he provides leadership and direction to the entire team including dedicated underwriting, claims, actuarial, marketing, technology and finance and is expected to develop and execute strategies that deliver high risk-adjusted financial returns and growth in favorable situations while managing risk. S/he understands, is passionate about and serves as role model for the core cultural norms of W. R. Berkley Corporation including dedication to integrity, honesty and the highest level of business ethics. Key functions include, but are not limited to:
- Drive shareholder value through appropriate risk-adjusted returns.
- Leverage the successful attributes of the Berkley Company while developing new strategies to further the Company’s growth and profitability.
- Assess the organizational structure and hiring requirements to align with both the current and future needs of the business.
- Report regularly to the EVP and more formally on a quarterly basis to parent company CEO and President, Chief Financial Officer, and its Chief Actuary.
- Set and drive strategic and operational objectives towards achievable short-term successes while making progress towards long-term goals.
- Continually monitor objectives for financial returns, risk management, marketing and competitive advantages.
- Position the Company within the market as preferred partner.
- Inspire the team to be creative when leveraging their knowledge of the business and engage in exploring and experimenting with the opportunities for the business in the future.
- Drive underwriting excellence through a high level of engagement in the business, data and analytics, and regular communication throughout the Company.
- Ensure the achievement of continued profitability, growth and operational efficiencies through managing the business, underwriting profitability, claims and expenses.
- Create a culture consistent within the greater organization for having teams that excel in their industry knowledge, take pride in their ownership of the business and strive for delivering value to their stakeholders.
To support the underwriting function by inputting information quickly and accurately from a variety of sources including incoming applications into Verus core systems and setting them up in the workflow, providing excellent customer service.
- Accurately key incoming applications into Verus Core systems, review them for completeness, and move them to the workflow.
- Provide timely, courteous and efficient service to all internal and external clients.
- Assistance with various underwriting support functions, including Premium Audit and Inspection Report ordering and scheduling.
- Contribute to innovation and enhancement goals as we seek to learn, grow and succeed.
- Processing of Legal Notices.
- Renewal Setup for all product lines.
- Partner to support our program business.
- Other duties as assigned.
The person in this position participates in underwriting accounts by gathering, synthesizing and clearly presenting all specific account information to underwriting to decide on the risk.
- Gather underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite for profit.
- Research and solve more complicated problems and make decisions with supervision of underwriter or manager.
- Review and summarize claims and loss information on individual risks and take the appropriate action.
- Determine coverage and pricing options for routine commercial risks for underwriters.
- Determine if a risk fits within the guidelines.
- Identify unfavorable risk characteristics and take the appropriate underwriting action as directed.
- Maintain quality and time standards as established.
- Stay informed and knowledgeable about current industry issues and activities.
- Draft quotes for underwriters based on individual risk characteristics.
- Issue quotes, declinations and other communications to brokers.
- Perform other duties as assigned.
The Claims Examiner I/II’s primary job function includes efficiently and effectively handling primarily basic, commercial first-party property and/or third-party general liability losses in a “paperless” environment. The assigned caseload may include up to one-half intermediate-level losses. An ability to communicate both verbally and in written form in a prompt, courteous and professional manner is essential.
- Reviews and sets up new loss assignments in a timely manner in compliance with Department guidelines and best practices.
- Establishes appropriate initial loss and expense reserves and continues to regularly evaluate the file for adequacy, accuracy and adherence to reserving guidelines.
- Analyzes and interprets policy language in conjunction with specific loss facts to reach appropriate coverage decisions.
- Drafts frequent coverage correspondence, including reservation of rights and coverage disclaimers in compliance with various state statutes and regulations.
- Composes a variety of other detailed correspondence to insureds, claimants, attorneys, agents and Regulatory agencies.
- Proactively manages claim files from inception to closure, including identification and investigation of coverage, liability and damage issues, determination and efficient execution of an appropriate plan of action, and prompt, economical file resolution, in compliance with Department guidelines and best practices.
- Appropriately and clearly documents all claim file activity, including current strategy, plan of action and exit plan in file notes.
- Consistently demonstrates coverage analysis, investigation, evaluation and negotiation skills at a basic and frequently higher level.
- Directs and controls the activities and costs of numerous outside vendors including independent adjusters, defense counsel and coverage counsel.
- Effectively presents and discusses loss facts and issues in roundtable discussions to peers and members of management.
- Composes and transmits in a regular and timely basis Large Loss Reports and other detailed reporting documents as appropriate.
- Manages and monitors file caseload through the use of various resources.
- Obtains all required state adjuster licenses and maintain them as required via compliance with mandatory continuing education requirements.
- Demonstrated experience working with business users.
- Other duties may be assigned.
- Occasional participation in projects and initiatives lead by other departments and/or W. R. Berkley companies, including audits, workshops, focus groups, task forces, etc.
- Initiates appropriate communication with members of management and other Departments.
- Attends internal and external seminars and other training events and provide feedback to peers and/or members of management.
Senior Data Analyst will design, develop and implement enterprise database, data warehouse and business intelligence solutions including the requisite ETL procedures and functions leveraging the Microsoft analytics and business intelligence framework and toolsets.
Leverage complex quantitative, qualitative, & technical analytic methods to support management decision-making & implement multi-department business solutions within the property and casualty insurance environment
Ensure stability, integrity, and efficient collection of data within on-line systems as well as the data warehouse; ensure on-time data availability for business processing.
This position is located in Jacksonville, Florida.
Key Functions include but not limited to;
- Collaborate with IT Management, decision-makers, and stakeholders to understand business requirements, and perform data analysis, estimation, database programming, testing and implementation.
- Ensure smooth and reliable operation of data systems for fulfilling business objectives and processes
- Design, develop and implement operational databases required for business intelligence applications
- Gauge the effectiveness and efficiency of the systems through the development and implementation of analytics to support continuous improvement
- Assist in researching key business issues, direct the collecting and analyzing of quantitative and qualitative data
- Gather and document business data requirements into conceptual, logical and physical data models and database designs
- Design and deploy new applications and enhancements to existing applications, software, and operating systems
- Propose and create system design models, specifications, diagrams, and charts to provide direction to development teams
- Work with project leads in analyzing system requirements and specifications and translating those requirments into database designs
- Design complex databases, database synonyms, views, cube queries
- Develop physical database designs
- Apply data design standards and guidelines
- Create and maintain documentation as it relates to data/system configuration, mapping, and processes
- Provide support and point of contact for department clients requesting routine information, data summaries, and reports
- Perform production and daily operations support for the systems
- Manage data redundancy, identify performance issues and optimize solutions as needed
- Design, create and maintain reporting solutions and dashboards as needed
- Coordinate with business departments to define system problems and enhancements
- Analyze existing workflow for efficiency; recommend and implement needed changes; balance procedures for current and future systems as assigned
- Employ specified analytical methods and tools to access data to provide reportable information from information systems
- Provide in-house education for end-user systems, as needed
- Provide direction for assigned components of project work
- Coordinate team/project activities & schedules
Senior Accountant needs to be a finance professional with experience in credit analysis, GAAP financial reporting, Audit/SOX/Controls, and financial reporting. Role will work closely with Underwriting, Agents and Insureds to perform credit analysis on new and existing customers. We are looking for this role to become a valued source of information and analysis for Underwriting, company leadership, key decision makers and staff.
This role is located in Jacksonville, Florida.
Key Functions include but not limited to:
- Support the underwriting process by providing financial analysis and review of current and prospective customers to evaluate the company’s credit risk related to collateral and/or payment terms
- Manage the SOX process and related activities working with the various business functions impacted
- As an expert, ensure that controls are effective, efficient, and add value to the business across all functional areas
- Perform various financial analyses to inform and drive decision making by company leadership and staff
- Coordinate and support external, internal, and other audits working with auditors and company personnel to ensure clean and efficient audit outcomes
At BPE, we recognize that our success is driven by the hard work and dedication of our employees. As an Underwriter Trainee, you'll play a critical role in helping us provide exceptional service to our clients and achieve our business objectives. You'll be supporting our experienced underwriters in the production, underwriting and servicing of new and renewal accounts developing tailored coverage solutions that meet the specific needs (and retention of) our Public Entity clients (i.e. municipalities, schools, fire and police departments, etc.).
You'll receive ongoing training and development, to become an Underwriter. You'll work alongside a team of knowledgeable and experienced underwriters, who are passionate about what they do and committed to providing exceptional service to our clients.
We'll count on you to:
- Perform reserving and processing of new business accounts
- Provide underwriters with assistance managing the underwriting file by organizing and aggregating loss and exposure information into pricing models
- Be knowledgeable of compliance regulations, underwriting documentation rules and guidelines, adheres to policies accordingly
- Remain current on product releases as it pertains to BPE lines of business as well as provide assistance during the product development process
- Attend strategic marketing calls and events with key brokers
- When necessary, assist with the issuance of policies, endorsements and billing, process reinsurance transactions, complete account transactions as required, and assist with the processing of new business/renewals and endorsements for assigned accounts and perform underwriting analysis for some routine new and renewal business applications.
- Assists with ad hoc projects as required
The Claims Representatives primary job function includes efficiently and effectively handling low complexity-level, Commercial Auto, Hired Non-Owned-Auto, and/or third-party General Liability losses. This may include physical damage and bodily injury claims. An ability to communicate both verbally and in written form in a prompt, courteous and professional manner is essential.
- Promptly reviews and acts with urgency in establishing initial and subsequent contact with all parties and key stakeholders.
- Provide quality customer service and ensure file quality, timely coverage analysis and communication with insured based on application of policy information to facts or allegations of each case.
- Effective and timely communication with insureds, insured general counsel, and making exceptional customer service a top priority
- Update appropriate parties as needed, providing new facts as they become available, and their impact upon the liability analysis and settlement options.
- Analyzes and interprets policy language in conjunction with specific loss facts to reach appropriate coverage decisions.
- Proactively communicates with internal and external stakeholders, including insured’s, regarding coverage decisions
- Maintain discipline in securing and updating key information within the claim handling platform throughout the life of the claim.
- Establishes and maintains appropriate initial and subsequent loss and expense reserves throughout the life of the claim.
- Act with urgency in collaborating with internal stakeholders regrading significant changes within claim reserving.
- Directly investigate each claim through prompt and strategically-appropriate contact with appropriate parties such as policyholders, accounts, claimants, law enforcement agencies, witnesses, agents, medical providers and technical experts to determine the extent of liability, damages, and contribution potential. Interview witnesses and stakeholders; take necessary statements, as strategically appropriate.
- Evaluate all claims for recovery potential; directly handle recovery efforts and/or engage and direct Company resources for recovery efforts.
Evaluation and Resolution
- Utilize diary management system to ensure that all claims are handled timely. At required time intervals, evaluate liability and damages exposure.
- Managing vendors involved with claim files, i.e. Independent Adjusters, Defense Attorneys, and Coverage Counsel
- Attend and/or present at roundtables/ authority discussions for collaboration of technical expertise resulting in improved payout on indemnity and expense.
- Share experience and deep knowledge of creative resolution techniques to improve the claim results of others.
- Assist with coaching, training, and mentoring team members
- Maintains current knowledge of insurance line, court decisions which may impact the claim function, current guidelines in the claim function, and policy changes and modifications
- Attend professional and/or continuing educational seminars and classes
The SeniorUnderwriting Director for E&S will be responsible for building and overseeing the E&S primary auto department. This role will be responsible for Portfolio Strategy & Execution, Risk Selection and Pricing, Portfolio Stewardship and Product Management.
This is a critical role which requires oversight of strategic underwriting practices nationally.
This leader will utilize their expertise to create, manage, design and drive diverse multidimensional strategies for our E&S book of business. We require strong leadership skills that will cultivate portfolio insights, develop strategy, and deliver a collaborative value chain with our Agents and customers.
This role is preferred in Jacksonville,Florida. Other locations will be considered.
Key Functions include but not limited to:
- Collaborate with actuarial team to develop pricing model and optimize portfolio through risk selection and pricing strategy to maximize profitability
- Develop, implement and monitor underwriting guidelines, rates, forms, pricing, endorsements and procedures
- Develop, implement and manage strategic underwriting for specific lines of E&S
- Provide business forecasting related to trends and profitability
- Thoughtfully establish group strategy, appetite and marketing plans
- Lead pro-active discussions with reinsurers, verifying the appropriate use of reinsurance used by specific lines of business, including various treaty and facultative reinsurance.
- Conduct regular visits with general agents, brokers and program managers to understand business needs, reinforce objectives, drive business results and identify new business opportunities.
- Monitor results, collaborate with actuarial team and optimize portfolio through risk selection and pricing strategy to maximize profitability
- Eventually will be responsible for the planning and management of building out the E&S team including: hiring, placement, training, performance management, salary planning and administration and budgeting.
- Up to 50% of Travel
The Senior Accountant will be involved in all accounting and reporting functions as well as any financial projects. The incumbent will be integral to the Finance Department and will be responsible for the accurate processing and preparation of the monthly/quarterly financial data. This position will require satisfactory completion of daily, weekly, and monthly accounting tasks and activities, which include account reconciliations, intercompany transactions and settlements, and maintaining the general ledger.
Key functions include but are not limited to:
- Preparation of monthly/quarterly journal entries.
- Develop, implement, and document efficiencies in accounting processes.
- Work with the Accounting Manager in month/quarter end processes including preparation of account reconciliations and other closing analyses and reports.
- Assist in the completion of the Quarterly CFO package.
- Establish and maintain effective working relationships with parent company and affiliate personnel.
- Assist in the Annual Planning Process and quarterly Schedule F Submissions.
- Assist in the non-IT Sarbanes – Oxley Compliance.
- Monitor the implementation and maintenance of accounting control procedures, and participate in audit processes, including audits conducted by external public accountants, state regulatory examiners, and parent company auditors.
- Have an understanding of reinsurance contracts and accounting.
- Complete Excess of Loss and Quota Share reinsurance calculations, along with the completion of balance sheet and income statement reconcilliations.
- Keep CFO and Accounting Manager apprised of any issues that may impact timely and accurate financial reporting.
- Review monthly T&E reports for accurate account coding and adequate support documentation.
Works within the expanding and dynamic corporate accounting department of W.R Berkley Corporation (WRBC), including working with business units across the globe, to prepare and analyze monthly financial information for the corporate location. Expectation is to deliver financial information accurately, efficiently, and timely. Also assists with ad hoc projects and requests as needed.
• Assist with the monthly corporate accounting U.S. GAAP close process, including preparation of journal entries and consolidation activities.
• Work with the business units to execute corporate wide allocations.
• Prepare and monitor fixed asset process.
• Verify, allocate, post and reconcile accounts payable and receivable.
• Perform and document account analysis for the corporate business unit general ledger accounts.
• Provide financial reports to finance management (e.g. account analysis, balance sheet and income statement flux analysis, reconciliations, ad hoc analysis, etc.).
• Prepare financial statements (U.S. GAAP and statutory accounting principles (SAP)) and other miscellaneous filings.
• Support development of streamlined processes through automation or other efficiency gaining ways.
• Establish and maintain effective communication within WRBC Group to facilitate providing financial information to other corporate departments and working with business units where needed.
• Prepare and carry out controls including execution of Sarbanes Oxley (SOX) related work, review and follow up on findings and establishment of appropriate internal financial controls.
• Work with WRBC’s external and internal audit teams to facilitate completion of all audit requests.
• Completion of industry and government requested surveys/data calls.
• Ad hoc projects as considered necessary relating to corporate needs or business unit assistance.
Berkley Technology Services (BTS) is hiring an IT and Security Risk Manager reporting to the Vice President of IT GRC and will be located in either Urbandale, Iowa, or Wilmington, Delaware. This is an exciting role for a dynamic GRC leader dedicated to leading a global Fortune 300 (W.R. Berkley) Governance Risk and Compliance program’s operational activities. This role may be filled at the Director level based on the candidate’s ability to be a thought-leader, highly qualified subject matter expert, and hands-on professional with the experience and know-how needed to guide and accelerate their respective programs.
Working in concert with Information Technology and Information Security functions the IT and Security Risk Manager will develop and/or enhance our IT Risk Management methodology and processes as it relates to Information Technology and Information Security risks. This role will work with both technology and business personnel to engage in both top-down and bottom-up assessments as it relates to our controls, processes, and architecture to both qualitatively and quantitatively assess risk. The role will also help build out standard/repeatable processes to provide transparency and scalability to our IT Risk Management program. To do this, you’ll be hands-on and help lead other IT GRC professionals dedicated to the mission and vision of Berkley IT GRC operations.
Key functions include but are not limited to:
- Understand and implement operational automated processes for GRC programs, tasks, and activities through system integrations and data aggregation.
- Review and assess both on-premise and cloud technology as it relates to GRC activities
- Development of IT risk assessment framework and methodology, to mature risk assessment processes, techniques, and templates to ensure a well understood and scalable approach to IT risk, including metrics and reporting.
- Lead outreach efforts across Information Technology, Information Security, and Business Management to provide insight into the risk appetite and current risk posture.
- Perform scheduled and ad-hoc risk assessments as it relates to IT General Controls, Security Controls, System/Network Architectures, and/or Privacy Controls, including the creation and monitoring of appropriate remediation plans.
- Assist in the development and communication of our overall ITGRC framework, especially for IT Risk Management activities such as risk scenarios assessments, risk control assessments, technology reviews, security reviews, and third-party reviews,
- Understand and ensure compliance with regulations such as NY CCR Part 500 Cyber Security Regulation, General Data Protection Regulation (GDPR), Sarbanes-Oxley (SOX), SWIFT, and/or California Consumer Privacy Act (CCPA).
- Fluent in using GRC/IT Risk technologies and frameworks such as Archer, ServiceNow, FAIR, NIST, and ISO. Utilization of advanced Excel functions and scripting/querying tools, as needed.
This position assists in the day-to-day functions of the Underwriting Audit team with the primary area of responsibility dealing with the completion of individual underwriting file audits, analysis of results and communication of findings and trends to underwriting management.
- Completes audits on new business, renewals and quotes to assess the quality of the risk and quality of the file handling from an underwriting, pricing and policy construction standpoint, as well as adherence to established underwriting procedures and authorities
- Creates and completes “special request” audits from underwriting management on specific individuals, classes of business or programs
- Summarizes audit results by individual and team, analyzes trends and communicates findings to underwriting management. Responsible for reporting.
- Conducts quality control of file reviews completed by other members of the audit team
- Updates requirements for the automated tools used to collect and track audit results and works with IT and BTS to implement and test changes
- Identifies training needed by the underwriting staff based on audit results and works with the Underwriting Training Coordinators to develop the appropriate training vehicle and objectives.
- Initiates requests to create or update underwriting philosophies, guidelines or procedures based on audit results
- Represents the department, as requested by the VP or Manager, in inter-departmental meetings and maintains professional relationships with internal departments, external vendors and customers.
- Other duties and projects as assigned
In this role you will manage the assigned Underwriting territories’ day-to-day operations to maximize production and underwriting results and ensures effective management of assigned territory. The Underwriting Manager:
- Directly manages assigned underwriting staff and territory
- Carries out responsibilities in accordance with the organization's policies and applicable laws
- Interviewing, hiring and training employees; planning, assigning and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems in accordance with company policies, goals and applicable laws
- Responsible for production, profitability and relationships with agents within that territory
- Develops and executes strategic initiatives that support profit, growth, retention and customer service objectives
- Provides leadership, direction and management in the risk selection process beyond the capacity of underwriting staff
- Assesses agency performance and recommends the appointment, rehabilitation, or cancellation of agents within the territory
- Tracks and assesses impact of large losses including making recommendations to modify underwriting guidelines/profile as needed
- Provides assistance in underwriting of difficult, complex accounts and resolves issues beyond the authority level of underwriting staff
- Reviews and monitors underwriting policies and submissions to ensure underwriting standards and performance objectives are met. Takes corrective action when issues are discovered.
- Allocates underwriting authority for staff, establishing their ability to accept risks, determine pricing and coverages, and place reinsurance
- Creates, analyzes and interprets data from various reports
- Plans regular agency contact and visits to agents
- Works with other departments to develop and maintain state specific forms, rules and rates
- Coordinates review of agency operational reviews and conducts the necessary follow up to assure timeliness of responses and monitor progress of opportunities identified
- Represents the department, as requested by the Senior Leaders, in internal or external meeting or events
- Assists with the development, marketing and communication plan for agents in an assigned territory
- Assists other departments with customer complaints and develop recommendations as needed
- Other duties and projects as assigned
The Underwriting Assistant issues new business & renewal binders, policies, endorsements, and cancellations using the Company Policy System, Imaging System and other system supported tools. The role follows up on subjectivity requirements and ensures underwriting files are complete, provides customer service contact with brokers to develop information needed to process work, solves problems and maintains good broker relations.
Key functions include but are not limited to the following:
- Collects, reviews, and enters rating and other information into the system to provide quotes to underwriters for new business, endorsements, renewals, cancellations and reinstatements.
- Contacts brokers and follows up for missing information.
- Reviews and processes endorsements.
- Promotes Vela through positive customer focus and sales and develops relationships with brokers and staff to solicit new business opportunities.
- Follow up and review of insuring documents such as signed & dated Acord Applications, Vela Contractor Questionnaires, Vela Products Supplement, Subcontractor Agreement, inspections, FEIN / Website information, TRIPRA form, currently valued loss runs, Surplus Lines information and NJ transaction numbers.
- Ensure underwriting files are complete.
- Work with auditors when needed.
The Senior Vice President, Chief Claims Officer is responsible for the overall management and direction of the claims department. Equally as important, participation on the Executive Team that establishes the strategic direction for the company and ensures the overall profitability and success of the company in the public entity market.
Claims are handled by the insured through self-administration or the insured hires a TPA. The BPE claims team provides oversight, consultation, and influence management in the claims process and will sometimes take over handling of the claim if the limits are tendered to us. The claims department is also responsible for establishing reserves.
Overall Management of Claims Operation
- Manage a growing team of claims professionals by establishing clear performance metrics
- Implement strong policies and procedures designed to produce the desired results
- Ensure the continual development of claims professionals on the team by coordinating both internal and external training and development opportunities
- Establish clear reserving standards and ensure that those standards are continually met
- Identify issues and trends in the portfolio; take appropriate and/or corrective action where necessary; communicate trends to underwriters, insureds and brokers
- Identify claims with significant exposure and take a more active role coordinating a strategy for an appropriate resolution
- Oversee audits of TPA’s and insureds to evaluate claims management processes and procedures and reserve strength
- Attend industry conventions and events and become a sought out thought leader on developing issues
- Attend marketing, account renewal, and reinsurance meetings as appropriate in order to communicate our claims handling philosophy and leading position in this area
Relationship Building / Teamwork
- Establish and maintain strong relationships with insureds and TPA’s in order to effect positive influence management over claims handling
- Establish strong and collaborative relationships with external brokers in order the enhance the market reputation of BPE and maximize the competitive advantage derived from claims handling
- Communicate effectively with parent company on significant and complex claims
- Collaborate effectively with Operations team to ensure efficient and effective procedures in the claims area
- Establish and maintain strong relationships with underwriting team in order to provide insight and guidance on the claims handling practices of individual current and prospective insureds
- Communicate effectively with the actuarial team around trends in the portfolio and long-term prospects for individual claims / insureds
- Work effectively with the underwriting team and other executives on current and proposed policy language
- Identify and develop external expertise in certain types of claims such as jails, police activity, etc.
Member of Executive Team
- Proactive participation on Executive Team which establishes and executes the strategic direction of the company
- Work closely with the CEO to discuss, evaluate, and implement strategic directions for the claims operation that supports the overall direction of the company
- Establish solid relationships with other members of the Executive Team in order to improve team performance
- Be able to clearly communicate strategic direction to both internal resources and outside partners and insureds
The Chief Underwriting Officer (CUO) will be a direct report of the President and a key member of the Berkley Southeast executive leadership team.
The CUO is responsible for the strategic planning and overall management of the underwriting discipline to ensure profitable growth. In collaboration with other departments, this role will be responsible for developing and executing Berkley Southeast underwriting strategy, with the goal of maximizing shareholder value and risk-adjusted returns. Additionally, the CUO is responsible for the management of the Policy Services Operation unit and for strategic oversight to our Risk Control Services operation.
This role is located in Lawrenceville, Georgia.
Key Functions will include but not be limited to:
- Oversee the development and management of all aspects of underwriting strategy, aligning with the overall BSIG strategic plan, and translating the strategy into clear underwriting guidelines and limits of authority
- Establish underwriting authority levels and referral processes that both streamline decision-making and ensure underwriting excellence.
- Develop pricing and underwriting strategies to attain and improve profitable growth.
- Develop an efficient set of processes that deliver creative, customized underwriting and risk management solutions while meeting the expectations of our partners.
- Set strategic process for identifying, evaluating and managing emerging risks.
- Develop and manage both internal and external relationships in a way that strengthens trust in the business partnership.
- Manage the portfolio to reflect an appropriate balance between segments and diversification of line of business.
- Devise strategies and protocols to grow profitably during all market cycles.
- Establish policies and direct the analysis of information to support the development of products, services, and/or new programs (i.e., research and identify target businesses, competitor information, analyze industry and economic factors, etc.)
- Lead, direct, and has management accountability for corporate underwriting team with emphasis on building organizational capability, talent management, and promoting a culture of superior portfolio management and product underwriting.
- Assist in the maintenance of forms and rate filings for specific segments of business.
- Development, implementation, and maintenance of authority statements. Drafting of authority for other department managers and any relevant relationships.
- Lead for internal underwriting audit.
- Responsible for underwriting document filings, accuracy of data entries to systems and contract integrity for accounts underwritten.
- Strategic oversight of the Risk Control Department.
- Provides management to the Policy Services Operations unit.
- Meet as needed with the Senior Leadership Team and President to analyze, recommend, and report on the progress of objectives.
- Provide the leadership mentoring and guidance necessary to build and sustain a high performing workforce.
- Anticipate and plan for the future, with the capacity to collaborate with other senior management team members in a way that fosters innovation.
Join our team at Berkley Agribusiness as an Underwriting Specialist and take your underwriting expertise to the next level. In this dynamic role, you will have the opportunity to accept, retain and price complex agribusiness insurance risks, utilizing established guidelines and within your delegated authority. Your focus will be on growing your book of business, by building strong relationships with clients, analyzing market data, and implementing strategies that drive profitable results.
As a key point of contact for assigned agencies, you'll use your excellent interpersonal skills to strengthen relationships and serve as a technical underwriting resource for your colleagues. You'll also have the opportunity to use your creativity and critical thinking skills to help our clients find the insurance coverage they need to succeed.
We'll count on you to:
- Assess and classify new commercial agribusiness insurance risks, determining accurate pricing and policy contract forms
- Evaluate and review renewal accounts, determining if they are acceptable or non-renewable and pricing accordingly
- Develop and enhance agency relationships to promote profitability and growth of new and existing business
- Identify new business opportunities and collaborate with our Underwriting team to build a profitable book of business
- Serve as a technical underwriting resource and provide professional development guidance to colleagues
- Facilitate the placement of facultative reinsurance as needed
- Analyze agency results, stay current on industry trends, and identify areas for improvement
The Vice President of Underwriting is responsible for leading and managing the end-to-end underwriting process with a focus on operational excellence, people management/staff development (including sales and negotiation skills). The succesful candidate must have a strong technical expertise along with market-leading acumen and will establish the Berkley Luxury Group brand across developing territories by presence, engagement and risk management. Key Functions will include but not be limited to:
- Executes identified strategies to achieve target ROE and profitability.
- Manages the work activities, performance and development of underwriting staff (UT, UA and Underwriters).
- Coaches, leads and develops underwriters and participates in the development of underwriting training, underwriting guidelines and best practices.
- Owns the complex/large accounts process and will identify and address emerging underwriting trends and will propose and execute mitigation plans as required.
- In collaboration with the Business Development Leader, will drive:
- Market analysis (demographics, potential, experience by line of business, resource needs)
- Identification of brokers/establishing broker relationships in potential new territories
- Development of competitive information
- Leads Product Development ideation – works with Compliance, Regulatory and Actuarial to execute filings and enhancements.
- Owns portfolio management as relates to reinsurance and Corporate CAT modeling.
- Drives operational excellence through modernization and improvements within the Underwriting platforms and workflows.
- Expense Management Accountability for Underwriting and leads Underwriting Staff in broker management and development activities.
As a Commercial Underwriter supporting the Telecommunications program business, you'll assess and price standard to moderately complex commercial property and casualty insurance accounts which are most often rural internet service providers. You'll manage an assigned territory to achieve profitable growth objectives by properly classifying and pricing risks; building strong internal and external business relationships; analyzing competitive marketing data, identifying territory needs; and developing, implementing and monitoring action plans as appropriate.
We’ll pair you with a colleague who has deep subject matter expertise so you may learn the coverages for this unique industry. This role is ideal for those who possess a learning mindset, have a keen attention to detail and critical thinking skills. The Commercial Underwriter is a terrific place to begin your insurance career and enable you to shift from program business to other industries to underwrite for small to middle market accounts.
We'll count on you to:
- Review renewal accounts by examining business operations, classification, contract forms and loss activity to determine if account is an acceptable risk or if it will be non-renewed. Determines price in accordance with established underwriting guidelines and within delegated authority level. Reviews endorsement requests exceeding Underwriting Assistant’s authority level and takes appropriate procedural action.
- Assesses new commercial insurance risks and determines accurate classification of business, policy contract forms and pricing of risk. Evaluates MVRs, financial reports, loss control reports, etc. Accepts and prices risk in accordance with established underwriting guidelines and within delegated authority level.
- Develops, expands and/or enhances agency relationships to promote profitability and growth of new business and the retention of existing business. Travels assigned territory and meets with agents to enhance business relationships. Educates agency staff on company’s pricing and risk selection philosophy. Participates in the agency management process. Assesses the strengths and weaknesses of agencies and assists them in achieving the mutual goal of sustained profitable growth.
- Works in partnership with regional Business Development staff to identify new business opportunities from the agency force to assess, quote, inspect and accept. Collaborates to classify agencies within established marketing segments; analyze territory’s mix of business, production, and loss experience; establish agencies’ annual premium goals; and conduct quarterly and annual review of agencies’ profit and growth results.
- Effectively manages assigned territory to achieve established profitability, growth and retention goals. Analyzes agency results and competitive marketing data to identify trends and opportunities. Develops, implements and monitors action plans as appropriate. Monitors and reports on material changes within the territory’s legal environment. Reviews industry periodicals and journals, legislative actions and court decisions.