Underwriter II
Underwriter II
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$ 90000 - 100000
1 Vacancy
Job Description
Company Details
Berkley Select delivers professional liability insurance solutions to individuals businesses professional services firms and nonprofit organizations. As a Berkley company Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting loss control and claims practices providing superior products and services to its customers.
Berkley Select is a Berkley Company. W. R. Berkley founded in 1967 is one of the nations premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB).
Responsibilities
Evaluate (selection and pricing) and maintain (control) risk acceptability and profitability within the companys underwriting guidelines and procedures for professional liability with a focus on Lawyer Professional Liability. Manage maintain and develop good wholesale and brokerage relationships and/or program relationships when necessary.
Critically analyze risk characteristics to reach sound underwriting decisions. Meet and maintain the production profitability and service standards established for the company.
- Work to achieve company goals to advance profitable written premium growth.
- Adhere to underwriting authority level and guidelines in place.
- Gather underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite to acceptable profitability metrics
- Meet/Exceed production profitability retention and service targets.
- Ability to research and solve more complicated problems and make decisions.
- Understand rate development and ability to price underwriting exposures correctly.
- Determine final coverage and pricing for professional liability risks. Recommend policy form enhancements and endorsements to advance the business.
- Knowledge of competitor form and coverages.
- Work in both a collaborative team environment but also be able to work independently.
- Review claims and loss information on individual risks. Use this information to identify and reevaluate accounts and develop a strategy for dealing with exposures and frequency issues.
- As a team with the Manager manage the portfolio profitability and identify favorable and unfavorable classes of business.
- Adhere to pricing metrics for sustained book performance and favorable loss history.
- Maintain quality and performance standards as established such as turnaround and response time.
- Be informed/knowledgeable of industry issues and activities through formal educational processes to develop underwriting skills. PLUS membership or involvement is preferred.
- Identify and cultivate brokers with new business opportunities and build renewal relationships.
- Regular and predictable attendance at meetings with willingness to occasionally travel.
- Assist with training and educating junior level employees.
- Regular and predictable attendance.
- Other duties and special projects as assigned.
Qualifications
- Four 4 year College Degree or equivalent proven product line experience. Insurance designations such as an RPLU are a plus.
- Must be able to conceptualize and analyze financials at a college level as required by product line.
- Must be able to analyze professional liability risk characteristics.
- Good written and oral communications skills including the ability to compose various types of business correspondence.
- Knowledge of E&O underwriting coverages and policy form terms and conditions. Must have prior experience
- 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.
- Focus on building broker relationships and proven development of those relationships.
- Working knowledge of PCs and other software programs (including Microsoft Word and Excel).
- Knowledge of Accountants Professional Liability a plus.
- Knowledge of P.L. programs a plus.
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:
Base Salary Range: $90000 $100000.
The actual salary for this position will be determined by a number of factors including the scope complexity and location of the role; the skills education training credentials and experience of the candidate; and other conditions of employment.
This role is eligible to participate in the annual discretionary bonus program.
Benefits: Health Dental Vision Life Disability Wellness Paid Time Off 401(k) and ProfitSharing plans.
Sponsorship Details
Employment Type
Unclear
