Territory Underwriting Manager
Homewood, AL - USA
Job Summary
Company Details
Berkley Industrial Comp (BIN) provides best-in-class workers compensation insurance solutions to high hazard industries. BINs mission is to provide an unparalleled client experience within the high hazard workers compensation market. BIN achieves its mission by focusing on the following core values:
- Integrity Do the right thing always. Build trust through honesty transparency and consistency.
- Exceeding Expectations Go beyond good enough. Deliver standout results and raise the bar every time.
- Empowerment Equip and trust people. Encourage initiative decision-making and growth.
- Expertise Stay sharp. Apply deep knowledge and continuous learning to deliver smart solutions.
- Community Connect with purpose. Foster belonging respect and shared success.
We believe in embracing the collective power of people committed to doing right by one another our stakeholders and communities. Our core values rest at the heart of this collective effort.
Key functions include but are not limited to the following:
- Underwrites all new business and renewal risks for designated geographic region
- Manages a book of business between $15 - $20 million
- Develops and maintains relationships with agencies within a key geographic region
- Works to achieve/exceed planned accident year loss ratio rate change renewal retention and inforce premium goals
- Documents analyzes and offers decisions with appropriate detail within underwriting authority levels
- Takes initiative to recommend potential improvements in underwriting principles techniques or appetite
- Complies with insurance filings and regulatory requirements
- Supports the companys business development strategies through exceptional responsiveness and communication agency visits and point-of-sale presentations if/when necessary
- Demonstrates a working knowledge of our appetite and accurately conveys message to the agency plant; monitors and manages agency hit ratio metrics new business volume and overall profitability
- Utilizes Berkley Industrials internal tools to track book performance ensuring new business target production volume is met throughout the term
- Establishes a knowledge base of agency needs staff target markets and contracted insurers; documents agency visits
- Performs agency evaluations and works with Business Development to create and ensure agency goals are being met
Qualifications
- Bachelors degree
- CPCU CIC or AU designation preferred
- Strong background in Microsoft Office Word Excel
- 5 or more years of workers compensation underwriting experience with a focus in higher hazard industries such as construction and heavy manufacturing
- 3-5 years of marketing experience working with independent agents
- Strong interpersonal analytical and negotiation skills
- Exceptional communication skills both oral and written are essential
- Self-motivated and results oriented
- Strong managerial skills with the ability to work independently and as a team member
- Capable of working with internal and external teams and partners
- Superior customer service skills
- Excellent vendor management skills
- Ability to remain positive and calm in times of stress
- Ability to successfully engage and manage an assortment of personalities work and communication styles and be a preferred business partner to our agency plant
- Demonstrated ability to meet deadlines determine priorities and adapt to changing priorities as needed
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: $70000 $120000
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
Required Experience:
Manager
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.