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The Risk Management and Loss Control Specialist will perform surveys to assess moderate to highly complex real estate and hospitality client’s physical exposures. S/he will conduct underwriting loss control surveys and provide risk management recommendations to our insureds. Key functions include but are not limited to:
- Performs physical underwriting loss control surveys by accurately assessing the exposures of the operations and controls in place on the property, as well as business operations and management practices of the insured.
- Determines potential hazards and risk factors to be considered in underwriting/risk selection and writes technically detailed reports that provide a clear assessment of risk as well as a clear articulation of any requirements or recommendations.
- Communicates and works directly with the customer on any requirements or recommendations and prepares a written report of findings to be shared and communicated with underwriting partners.
- Cultivates and grows partnerships with customers, agents and underwriting to develop ongoing and actionable maintenance plans to positively impact profitability and customer retention.
- Conducts training and provides technical expertise for agents, customers, underwriting and Risk Services/Loss Control team members.
- Keeps abreast of industry developments, regulatory changes and emerging safety issues and explains to customers how these might impact their operations and what they can do to be proactive in preventing losses.
- Actively participates in industry seminars and programs to advance technical knowledge base and incorporate as appropriate into current operations.
- Creates a positive work environment between all business unit partners while collaborating to develop and implement strategic goals and objectives supporting enterprise alignment and strategy.
The AVP, Actuary is responsible for ensuring that price levels and loss reserves are adequate, assessing the profitability of business being underwritten and fulfilling corporate reporting requirements on a monthly and quarterly basis. Provide management with data analysis required to support strategic initiatives. Key functions include but are not limited to:
- Responsible for quarterly reserving analysis including presenting reserve position to company leadership.
- Responsible for month-end reporting including price monitoring and Actual vs. Expected calculations for all segments of business.
- Identify, retrieve, and prepare data in support of actuarial analysis through database programming.
- Evaluate all current actuarial processes and create efficiencies / automations through programming language.
- Perform advanced analytics and modeling techniques to support business strategic initiatives.
- Participate in enterprise risk management initiatives, including catastrophe management and evaluation of industry model output.
- Provide rate filing support to regulatory and compliance team.
- Lead the actuarial component of the company’s planning process.
- Create Data Visualization reports / dashboards to facilitate the tracking and monitoring of company initiatives.
- Develop pricing benchmarks and monitoring tools to empower underwriters when pricing business.
The Senior Production Underwriter is a key member of the underwriting team reporting to the Director of Underwriting. The primary goal of this position is to profitably grow a book of business by actively partnering with brokers and working effectively with colleagues throughout the organization. This person will plan and budget for the book of business, develop and maintain agency relationships, and execute underwriting decisions using underwriting rules, designated authority and will have strong knowledge of insurance laws and regulations. Key Functions will include but not be limited to:
Inforce Portfolio Management and Underwriting Execution:
- Responsible for new and renewal underwriting execution, including selecting risks in line with BLG’s strategy and underwriting guidelines, operating within authority and documentation guidelines, following up on accounts and closing new business.
- Planning and budgeting for the book of business, tracking and reporting performance to plan, and developing a clear view of market conditions and competitive landscape.
- Provides guidance and assistance to other underwriters and to other functional areas.
- Monitors production, hit ratios, renewal retention ratios, spread of risk and other production and quality measures.
- Keeps current on state/territory issues, regulations and trends.
Broker Relationships and Business Development:
- Develop trusted, respected and lasting relationships with agent partners through visitations and regular connections
- Accountable for tracking of progress and positioning BLG within an agency
- Evaluate the performance of assigned agencies on an ongoing basis to ensure company and agency goals are met, and participates in review and evaluation of agencies and makes recommendations on agency management issues.
- Communicates corporate goals, programs, underwriting policies, procedures, best practices and guidelines to agents.
- Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues as necessary. Negotiates with agents to reach positive and profitable outcomes.
- Deliver exceptional, timely, complete and accurate service.
- Work with agents to craft best solutions for their clients
- Notify brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations and underwrite empathetically at all times.
This position can be available as remote if not located near a Berkley office.
The Senior Production Underwriter is a key member of the underwriting team reporting to the Director of Underwriting. The primary goal of this position is to profitably grow a book of business by actively partnering with brokers and working effectively with colleagues throughout the organization. This person will plan and budget for the book of business, develop and maintain agency relationships, and execute underwriting decisions using underwriting rules, designated authority and will have strong knowledge of insurance laws and regulations. The ideal location for this new hire will be the Chicago metropolitan area.
Key Functions will include but not be limited to:
Inforce Portfolio Management and Underwriting Execution:
- Responsible for new and renewal underwriting execution, including selecting risks in line with BLG’s strategy and underwriting guidelines, operating within authority and documentation guidelines, following up on accounts and closing new business.
- Planning and budgeting for the book of business, tracking and reporting performance to plan, and developing a clear view of market conditions and competitive landscape.
- Provides guidance and assistance to other underwriters and to other functional areas.
- Monitors production, hit ratios, renewal retention ratios, spread of risk and other production and quality measures.
- Keeps current on state/territory issues, regulations and trends.
Broker Relationships and Business Development:
- Develop trusted, respected and lasting relationships with agent partners through visitations and regular connections
- Accountable for tracking of progress and positioning BLG within an agency
- Evaluate the performance of assigned agencies on an ongoing basis to ensure company and agency goals are met, and participates in review and evaluation of agencies and makes recommendations on agency management issues.
- Communicates corporate goals, programs, underwriting policies, procedures, best practices and guidelines to agents.
- Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues as necessary. Negotiates with agents to reach positive and profitable outcomes.
- Deliver exceptional, timely, complete and accurate service.
- Work with agents to craft best solutions for their clients
- Notify brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations and underwrite empathetically at all times.
This position can be available as remote if not located near a Berkley office.