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6 days
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Not Specified
$26.82/hr - $46.19/hr (Estimated)
<p>Company Details</p> <p>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.</p> <p>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).</p> <p>Responsibilities</p> <p>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.</p> <p>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.</p> <p>Key responsibilities include:</p> <p>Broker Management</p> <ul> <li>Manage key and/or target broker relationships and expectations. </li><li>Manage the expectations of, and communicate underwriting decisions, requirements, and philosophies to brokerage community. </li><li>Maintain producer / agency contact log in electronic databases. </li><li>Quarterly travel required (when permitted by WR Berkley) </li></ul> <p>Underwriting Duties</p> <ul> <li>Assist in distributing business opportunities to underwriting team members to achieve efficient and effective underwriting (based on work flow, ability and priority). </li><li>Provide final approval and guidance on risk analysis presented by members of the underwriting department in accordance with authority levels. </li><li>Evaluate risk characteristics of submissions to determine business opportunities in accordance with guidelines and company philosophy. </li><li>Price, design and recommend policy format for quoted submissions. </li><li>Review underwriting documents for accuracy prior to their release to brokers and/or company clients. </li><li>Discuss, analyze and interpret Berkley Select policy forms and coverage issues. </li></ul> <p>Product Development</p> <ul> <li>Suggest and/or develop policy endorsements to improve Berkley Select's competitive advantage in the market. </li><li>Provide research assistance in analyzing competitor forms. </li><li>Discuss, analyze and interpret changes to competitor forms and underwriting appetites. </li></ul> <p>Leadership Duties</p> <ul> <li>Assist with training junior members of the underwriting and/or support staff on underwriting procedures. </li><li>Provide assistance to management with training and education of the underwriting staff </li></ul> <p>Qualifications</p> <ul> <li>Bachelor's degree and 4-8 years of management liability underwriting experience. </li><li>Must have knowledge of management liability insurance policy forms, applicability and issues. </li><li>Must be able to conceptualize and analyze financial statements at a college level. </li><li>Good written and oral communications skills, including the ability to compose various types of business correspondence. </li><li>Must be able to manage multiple priorities, have good analytical skills and the ability to exercise independent judgment. </li><li>Must be customer service oriented; a team player; willing to learn; organized; detail oriented and flexible. </li><li>Working knowledge of PC's and other software programs (including Microsoft Word and Excel) </li></ul> <p>Additional Company Details</p> <p>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.</p> <p>Sponsorship Details</p> <p>Sponsorship not Offered for this Role 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</p>
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