Senior Portfolio Underwriter

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.

This role will be based in one of our offices listed below where we offer a hybrid work schedule with 4 days in the office; and 1 day remote. #LI-LD1 #LI-Hybrid

• Glen Allen VA
• West Chester OH
• Charlotte NC

The Company is an equal employment opportunity employer.

As a Senior Portfolio Underwriter you will be responsible for driving profitable growth and retention within an assigned territory or portfolio segment. Youll evaluate select and underwrite commercial risks while balancing analytics market dynamics and agency relationships. Additionally you will actively contribute to portfolio strategy mentor Associate and Portfolio Underwriters and serve as subject matter resource on risk coverage pricing and underwriting discipline. The position may require collaboration with sales actuarial claims and distribution partners to achieve financial and operational objectives. As the Senior Portfolio Underwriter you will be responsible for more complex accounts where you will apply advanced level Underwriting and intermediate level for Sales and Distribution Management skills to support the 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 for:

• Build superior partnerships with agents and brokers through proactive and consultative service on accounts.
• Analyze renewals determines 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 Berkley Fire & Marine.
• Collaborate with Sales Underwriters 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. This includes rate and reserve adequacy.
• Work independently and demonstrate a high level of accountability.
• Manage a higher volume of portfolio accounts.
• Lead change management.
• May assist in more complex accounts within the portfolio.
• Process endorsements and documentation within established Service Level Agreements.
• Meet Quality Assurance Standards.
• Participate and contribute to underwriting projects and process improvements.
• Attend company and regional meetings and educational sessions to gain insight into underwriting Best Practices.
• Serve as mentor and consultant to other Portfolio Underwriters in areas of subject matter expertise and processes.
• May assist with reports to management concerning quality quantity and profitability of risks renewed and non-renewals.
• Consult with leadership on risks exceeding authority level.
• Demonstrate advanced analytical and problem-solving capability.
• Complete and pass assigned industry coursework.

What youll need to have:

• College degree or equivalent job-related experience.
• 7 years inland marine insurance underwriting or related experience.

• 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

  • Collaboration

  • Agility

  • Evidence-based Decision-making

  • Accountability

• Intermediate level knowledge and skills in the following competencies:

  • Sales Acumen

  • Distribution Management