AVP, Binding Authority Broker
Share
Job Location:
Walnut Creek, CA - USA
Monthly Salary:
Not Disclosed
Posted on:
18 hours ago
Vacancies:
1 Vacancy
Job Summary
Company Details
Berkley Speciality Property is a leading Lloyds Syndicate underwriting Property Crisis Management Engineering & Construction Asset Protection and Specialty Casualty.
The company is an equal employment opportunity employer.
Responsibilities
The AVP Commercial Property Binding Authority Broker is responsible for the development and implementation of the account evaluation and binding strategy at WRB Specialty. The position reports to the Director of Specialty Property and works with both Field and Staff functional areas. S/he executes binds and monitors accounts for WRB Specialty business and is in regular contact and communication with WRB Underwriting based in London. Key functions include but are not limited to:
- Daily management of the workload to ensure the effective solicitation selection pricing and retention of profitable business.
- Helps to develop and implement best practices in line with the London Commercial Property Team
- Aids in the development and management of appetite guidelines forms forms usage terms and conditions training and communications
- Engages with IT Operations Actuary Finance Marketing and Claims functions and works to develop and/or strengthen interdepartmental relationships with these other disciplines.
- Adheres to account quality and compliance processes and controls including peer reviews self-audit reviews management reviews coordination of WRBC reviews.
- Adheres to established authority for all market segments and exercises sound judgment in risk selection exposure analysis pricing and coverage in evaluating and approving or rejecting individual-risk submissions from brokers.
- Collaborates with team members and other departments regarding regulatory issues.
- Monitors and communicates emerging issues that are relevant to WRB Specialty future planned strategies and processes.
- Working with the Director of Specialty Property and Chief actuary ensures rate adequacy and pricing integrity in line with WRB London standards.
- Responsible for collaborating with the Director of Specialty Property WRB Specialty and WRB on reinsurance placement.
Qualifications
Candidate Qualifications Sought:
- Bachelors degree required advanced degrees and/or industry certifications preferred.
- 5 years of commercial P&C experience with deep understanding of Property exposures and coverages.
- Holds a California surplus line broker license as an individual.
- Deep discipline and knowledge in the insurance field with experience in Commercial Property lines of business and a broad understanding of the critical issues in other related areas
- Successful experience evidenced by quantifiable results.
- Knowledge of the insurance regulatory environment
- Strong written and verbal communication negotiation and interpersonal skills.
- Competent analytical and problem-solving skills ability to multi-task and to independently prioritize competing demands/requests within given time constraints.
- Ability to exercise independent judgment and effectively make sound business decisions.
- Ability to creatively resolve unique and challenging business problems.
Additional Company Details
Pay range is $200K-250K incentives 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.
Sponsorship Details
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.
