Senior Production Underwriter

Role Description

Berkley Luxury group is seeking a Senior Production Underwriter to join their team. This role can be located in either the DC/Baltimore/Northern VA area or in Ohio on a remote basis.

The Senior Production Underwriter is a key member of the underwriting team reporting to the Director of Underwriting. The primary goal of this position is to profitably grow a book of business by actively partnering with brokers and working effectively with colleagues throughout the organization. This person will:

• Plan and budget for the book of business.
• Develop and maintain agency relationships.
• Execute underwriting decisions using underwriting rules and designated authority.
• Have strong knowledge of insurance laws and regulations.

Inforce Portfolio Management and Underwriting Execution:

• Responsible for new and renewal underwriting execution, including selecting risks in line with BLG’s strategy and underwriting guidelines.
• Operate within authority and documentation guidelines.
• Follow up on accounts and close new business.
• Track and report performance to plan, and develop a clear view of market conditions and competitive landscape.
• Provide guidance and assistance to other underwriters and functional areas.
• Monitor production, hit ratios, renewal retention ratios, spread of risk, and other production and quality measures.
• Keep current on state/territory issues, regulations, and trends.

Broker Relationships and Business Development:

• Develop trusted, respected, and lasting relationships with agent partners through visitations and regular connections.
• Accountable for tracking progress and positioning BLG within an agency.
• Evaluate the performance of assigned agencies on an ongoing basis to ensure company and agency goals are met.
• Participate in review and evaluation of agencies and make recommendations on agency management issues.
• Communicate corporate goals, programs, underwriting policies, procedures, best practices, and guidelines to agents.
• Prepare quotes and answer questions from agencies, policyholders, or other external contacts.
• Negotiate with agents to reach positive and profitable outcomes.
• Deliver exceptional, timely, complete, and accurate service.
• Work with agents to craft best solutions for their clients.
• Notify brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations.
• Underwrite empathetically at all times.

Qualifications

• Bachelor’s Degree or equivalent job-related experience.
• Minimum of 5 years underwriting experience.
• Demonstrated technical underwriting expertise and product specific knowledge (Property, Liability, Auto, and Umbrella).
• Strong analytical and problem-solving skills.
• Strong interpersonal, communication & negotiation skills.
• Demonstrated proficiency in sales and marketing.
• Solid knowledge of underwriting and insurance industry theories and practices.
• Strong written and verbal communication skills.
• Ability to multi-task and independently prioritize competing demands/requests within given time constraints.
• Ability to work independently.
• Ability to exercise independent judgment and effectively make sound business decisions.
• Proficiency in Microsoft Office Suite.

Benefits

• Health, Dental, Vision, Life, Disability, Wellness.
• Paid Time Off.
• 401(k) and Profit-Sharing plans.
• Base Salary Range: $100,000 - $150,000.
• Eligible to participate in the annual discretionary bonus program.

Company Description

Berkley Luxury Group is an operating unit of W.R. Berkley Corporation, one of America’s largest commercial lines writers in the United States. We offer tailored, all-inclusive insurance solutions for luxury condo, co-op, rental properties, and fine dining restaurants.

We are a team of seasoned underwriting and claim professionals, well versed in the nuances of our two niches. Our specialized expertise has enabled us to maintain a stable approach to the market for over 30 years.

As a Berkley company, we enjoy operational flexibility that allows us to deliver quality coverage solutions. W. R. Berkley Corporation, and all member insurance companies, are rated A+ (Superior) by A.M. Best Company and carry Standard & Poor’s Financial Rating of A+ (Strong).