AVP, Underwriting
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Job Location:
Glastonbury, CT - USA
Monthly Salary:
Not Disclosed
Posted on:
7 days ago
Vacancies:
1 Vacancy
Job Summary
Company Details
At Berkley Alliance Managers we offer innovative coverage and risk management solutions for our brokers and policyholders. We have a passion for offering fresh ideas and relevant insurance products and services. Our business consists of four target markets Design Professionals Construction Professionals Accounting Professionals and Miscellaneous Service Professionals. Our focus allows us to tailor coverage and create comprehensive risk management programs that enhance profitability and reduce susceptibility to loss.
Responsibilities
The AVP Underwriting will apply knowledge about the risk factors that drive exposure for Miscellaneous professional liability coverage. The AVP will apply the key decision-making elements of professional liability underwriting within their authority grant in order to appropriately structure coverage and quotations while also identifying factors that will lead to a declination. This position will interface daily with our distribution partners by phone email and in person. The AVP will be utilizing our policy management system in order to access our data platform for rating quotation binding issuing and policy servicing. Finally as an entry-level officer the AVP will contribute to strategic discussions and will specialize in one or more additional subject matters (product and/or function).
Key functions include but are not limited to:
- Provide strategic oversight and final determinations on application reviews ensuring compliance with underwriting standards and organizational objectives.
- Direct and validate data input processes within policy and quote management systems (Phoenix II) to maintain accuracy and operational efficiency.
- Lead analysis of claims data to inform underwriting decisions pricing strategies and risk assessment frameworks.
- Oversee utilization of Odyssey Claims Management system to drive insights and optimize claims handling protocols.
- Authorize and approve quotations for risks within delegated authority ensuring alignment with profitability and risk appetite.
- Escalate and communicate referrals for risks exceeding authority providing guidance and recommendations to senior leadership.
- Develop and maintain broker relationships through clear communication of terms conditions and declinations fostering trust and transparency.
- Guide customization of insurance coverage through endorsement selection and policy structuring to meet client needs and regulatory requirements.
- Champion effective use of productivity tools (MS Word Excel PowerPoint Outlook) to support reporting and presentations at the executive level.
- Serve as a key liaison for internal teams and external brokers ensuring timely and strategic communication across channels.
- Utilization of MS Word Excel PowerPoint and Outlook.
- Communication by phone and email with company personnel and brokers
- Occasional Travel required
Qualifications
- Associates or Bachelors Degree preferred
- Prior completion of insurance coursework or licensing preferred
- A minimum of 8 years of experience underwriting Miscellaneous Professional liability insurance policies.
- Strong analytical skills.
- Strong communication skills both written and oral.
- Some prior marketing or sales skills preferred.
- Ability to understand complex insurance regulations policy language and evolving case law.
- Experience in developing policy language and analyzing the policy language of other carriers.
- Understanding of state regulations and ability to maintain compliance standards.
- Familiarization with MS Work Excel PowerPoint and Outlook.
- Self-motivated and goal oriented.
Remote-friendly role.
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
Base Salary Range: $130000 $160000
Eligible to participate in annual discretionary bonus.
Benefits: Health Dental Vision Life Disability Wellness Paid Time Off 401(k) and Profit-Sharing plans.
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.
Key Skills
- Presentation Skills
- Risk Management
- Financial Services
- IFRS
- Banking
- Pricing
- Analysis Skills
- Securities Law
- Investment Banking
- Relationship Management
- Strategic Planning
- Leadership Experience
About Company
Berkley is a leader in commercial lines insurance, with over 60+ specialized businesses - each with deep expertise in an industry, product, or regional niche.
