VP, Underwriting - Main Street

Berkley Small Business Solutions (BSB) is committed to providing small business customers with the next generation of small business solutions including offering operational underwriting and marketing opportunities. We offer insurance products to Small Business Owners for main street businesses. (We also have a separate vertical for small motor carrier risks.) We leverage underwriting expertise data and analytics and automation for risk assessment selection pricing and retention. We champion our customers always seeking a smarter way to provide a more efficient and better user experience.

We are a proud member of W. R. Berkley Corporation one of the largest commercial lines property casualty insurance holding companies in the United States. With the resources of a large Fortune 500 corporation and the flexibility of a small company we work with a variety of distribution outlets to bring technology solutions that help them build their business.

This position provides strategic direction and leadership for underwriting in our main street business encompassing BOP micro-BOP workers compensation and business auto. Proactively participates with the senior management team and functional department staffs in developing and executing strategic and operational plans to meet business objectives.

• Participate as a member of the executive leadership team in the development of strategy and objectives including critical decisions affecting risk profitability and growth.
• Responsible for the development execution and monitoring of underwriting plans guidelines policies and procedures to achieve growth retention and profitability goals.
• Understands the nuances dynamics and necessities of flow business and portfolio underwriting.
• Experience in BOP / WC mandatory.
• Develop and delegate underwriting authority as appropriate and monitor the quality effectiveness and appropriateness of the use of that authority.
• Provide effective leadership for the underwriting and underwriting services teams including developing and instituting appropriate training.
• Participate in the Companys budgeting process and responsible for the underwriting budget and the development of alternative insurance products policies and endorsements.
• Monitor and analyze underwriting results working with actuarial and claims to maximize Company profitability and change underwriting direction as appropriate.
• Assist in designing and executing the Companys marketing plan as well as analyzing agency performance and assisting in appointment and termination decisions.
• Work with the distribution to market casualty insurance products and target and cultivate relationships with current and new production sources.
• Assist in the assessment and implementation of initiatives to improve efficiency and profitability.

May perform other functions as assigned

• 10 years of underwriting experience.
• 5 years of management experience.
• Experience in BOP / WC mandatory.
• Possess a working knowledge of all functional aspects of insurance company and third-party administrator (i.e. claims underwriting marketing loss control etc.)
• Excellent analytical skills
• Innovative and creative
• Excellent communication skills
• Ability to give constructive feedback
• Ability to problem solve and make decisions
• Knowledge of state/territory regulations and issues

Education

• Bachelors Degree