Chief Underwriting Officer
Chief Underwriting Officer
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Job Description
Company Details
W.R. Berkley is establishing a new operating unit Berkley Edge.
Berkley Edge offers solutions for hard-to-place and distressed risks for both professional and casualty lines of business. Edge will focus on small to mid-sized risks through a wholesale only distribution model.
Founded in 1967 W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States. Along the way we have been listed on the New York Stock Exchange seen our revenue soar well past $10 billion and become a well-respected Fortune 500 Company.
This position will be located in the Tampa/St Petersburg Florida area. We are open to talent in the Richmond VA but heavier travel will be required to Tampa/St Petersburg FL area.
The Company is an equal employment opportunity employer.
#LI-ND1 #LI-Hybrid
Responsibilities
The Chief Underwriting Officer (CUO) reports directly to the President and is a key member of the leadership team for that business. The CUO is responsible for the strategic planning and overall management of the underwriting discipline to ensure profitable collaboration with other departments this role will be responsible for developing and executing the company underwriting strategy with the goal of maximizing underwriting profit.
- Oversee the development and management of all aspects of underwriting strategy aligning with the overall 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 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 for business.
- Development implementation and maintenance of authority letters.
- Lead for internal underwriting audit.
- Responsible for underwriting document procedures accuracy of data entries to systems and contract integrity for accounts underwritten.
- 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.
Qualifications
- BA/BS degree in a related field is ideal.
- Minimum of 10 years commercial insurance underwriting experience including products casualty and professional liability.
- Demonstrated ability to provide strategic and tactical leadership to a team of talented professionals.
- Demonstrated organizational skills working with integrity and great strategic foresight - challenging norms while working collaboratively with colleagues at all levels of the organization.
- Strong interpersonal relationship and communication skills as well as a desire to collaborate build rapport add value and effectively problem-solve with their direct support teams and the teams of the company.
- Exhibits a track record for finding innovative ways to bring teams together to problem-solve for greatest efficiency and effectiveness. Supportive and dedicated to solving the strategic and tactical execution needs of each respective company.
- Agile and decisive; can work with an ambiguous fast-moving environment while also leading to clarity and solutions; adapts quickly and effectively to change.
- Well-versed in presentations accustomed to addressing agents vendors and partners.
- Ability to influence and persuade through advanced written and verbal communication skills.
- Ability to travel up to 20% of time if necessary.
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees.
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.
Required Experience:
Chief
Employment Type
Unclear
