Executive Portfolio Underwriter
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Job Location:
Chicago, IL - USA
Monthly Salary:
$ 97000 - 176000
Posted on:
15 hours ago
Vacancies:
1 Vacancy
Job Summary
Company Details
Berkley Fire & Marine Underwriters was launched in 2013 and is a W. R. Berkley operating unit offering preferred inland marine and related property risks and services. Headquartered in Chicago Berkley Fire & Marine Underwriters serves customers throughout the United States both regionally and nationwide. With the ability to craft customized terms we provide the most effective protection for those in the construction logistics manufacturing and transportation industries.
Our culture is one that empowers employees to question the status quo and seek innovative ways to continue to exceed the expectations of our customers. We practice collaboration ownership critical thinking and a professional growth mindset along with being part of a larger team daily.
Now more than ever financial strength is critical to a successful long term insurance relationship. Berkley Fire & Marine Underwriters is a member company of W. R. Berkley Corporation a Fortune 500 company whose insurance company subsidiaries are rated A (Superior) by A.M. Best.
The Company is an equal employment opportunity employer.
Responsibilities
As an Executive Portfolio Underwriter you will drive profitable renewal retention while delivering a high degree of customer satisfaction within assigned territory. Youll collaborate and consult with Sales Underwriting partners in executing renewal strategy for the existing portfolio as well as on complex or flagged renewals in alignment with retention goals. Ability to apply advanced level Underwriting Sales and Distribution Management skills to support overall book management.
What you can expect:
- Culture of innovation teamwork supportive colleagues and leaders willing to invest in talent
- Internal mobility opportunities
- Visibility to senior leaders and partnership with cross functional teams
- Opportunity to impact change
- Benefits competitive compensation paid time off comprehensive wellness benefits and programs employer funded health savings account profit sharing 401k paid parental leave employee stock purchase plan tuition assistance and professional continuing education
Well count on you to:
- Build superior partnerships with agents and brokers through proactive and consultative service on accounts.
- Analyze renewals determine acceptability of renewal risk in accordance with Company guidelines and practices in order to make profitable underwriting decisions. Apply underwriting guidelines and appetite to risk selection and pricing. Consult and negotiate with agents to package appropriate solutions to meet the needs of the insured while ensuring profitable outcomes for BFM.
- Collaborate with Sales Underwriters and underwriting teams to maintain a healthy book of business consisting of varied inland marine and property classes risk size and complexity. Evaluate underwriting performance based on financial analysis. Includes rate reserve adequacy operational execution planning and product reviews.
- Prepare reports to management concerning quality quantity and profitability of risks renewed and non-renewals.
- Serve as mentor and consultant to other underwriters in areas of subject matter expertise.
- Consult with management on risks exceeding authority level or requiring special handling.
Qualifications
What you need to have:
- 7 years inland marine insurance underwriting experience preferred.
- Able to work independently in an entrepreneurial environment.
- Advanced level knowledge and skills in the following competencies:
- Underwriting Analysis Coverage and Pricing
- Underwriting Process and Compliance
- Sales Acumen
- Distribution Management
- Collaboration
- Customer Focus
- Personal Growth Mindset
- Innovative
- Critical Thinking
- Accountability
- Intermediate level knowledge and skills in the following competencies:
- Coaches & Motivates Others
- Drives Productivity & Results
- Leads Change
- Builds Strategic Relationships
- Business Acumen
- Basic level knowledge and skills in the following competencies:
- Strategic Mindset
What makes you stand out:
- College degree or equivalent job related experience.
- Demonstrated history of strong customer focus personal growth and critical thinking.
- Success coaching and mentoring others.
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: $97000 - 176000.
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.
Sponsorship Details
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
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.
