Senior Underwriter - D&O

Company Details

Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations. As a Berkley company, Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting, loss control, and claims practices providing superior products and services to its customers.

Berkley Select is a Berkley Company. W. R. Berkley, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB).

Responsibilities

The Senior Underwriter is a part of the D&O underwriting segment for Berkley Select. This role evaluates risk characteristics to drive potential business opportunities within the team philosophy and guidelines. 

Our work environment is one of a collaborative and supported team that offers professional development and career advancement as we grow. Self-starters can thrive with Berkley Select with access to data and tech that helps them drive business decisions.

Key responsibilities include: 

Broker Management

• Manage key and/or target broker relationships and expectations.
• Manage the expectations of, and communicate underwriting decisions, requirements, and philosophies to brokerage community.
• Maintain producer / agency contact log in electronic databases.
• Quarterly travel required (when permitted by WR Berkley)

Underwriting Duties

• Assist in distributing business opportunities to underwriting team members to achieve efficient and effective underwriting (based on work flow, ability and priority).
• Provide final approval and guidance on risk analysis presented by members of the underwriting department in accordance with authority levels.
• Evaluate risk characteristics of submissions to determine business opportunities in accordance with guidelines and company philosophy.
• Price, design and recommend policy format for quoted submissions.
• Review underwriting documents for accuracy prior to their release to brokers and/or company clients.
• Discuss, analyze and interpret Berkley Select policy forms and coverage issues.

Product Development

• Suggest and/or develop policy endorsements to improve Berkley Select’s competitive advantage in the market.
• Provide research assistance in analyzing competitor forms.
• Discuss, analyze and interpret changes to competitor forms and underwriting appetites.

Leadership Duties

• Assist with training junior members of the underwriting and/or support staff on underwriting procedures.
• Provide assistance to management with training and education of the underwriting staff

Qualifications

• Bachelor’s degree and 4-8 years of management liability underwriting experience.
• Must have knowledge of management liability insurance policy forms, applicability and issues.
• Must be able to conceptualize and analyze financial statements at a college level.
• Good written and oral communications skills, including the ability to compose various types of business correspondence.
• Must be able to manage multiple priorities, have good analytical skills and the ability to exercise independent judgment.
• Must be customer service oriented; a team player; willing to learn; organized; detail oriented and flexible.
• Working knowledge of PC’s and other software programs (including Microsoft Word and Excel)

Additional Company Details

The position is based in Chicago; in-office four days per week. We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $115,000 - 125,000. 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. This role is eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Sponsorship Details

Sponsorship not Offered for this Role