Director, Underwriting

Berkley
Chicago, IL Other
POSTED ON 3/21/2023 CLOSED ON 4/3/2024

Job Posting for Director, Underwriting at Berkley

Company Details

 

From middle market to Fortune 500 companies, Berkley Custom’s team is committed to providing excellent service and a consistent approach to meet the needs of their brokers and their customers, bringing specific expertise in excess casualty as well as a variety of targeted primary and excess programs.  

They seek to outperform competitors with focus and deep understanding of their client’s priorities and by developing creative risk solutions to meet their long-term needs. Their key differentiators include the following:

EXCLUSIVE PARTNERSHIPS – Berkley Custom works exclusively the wholesale brokerage community as well as their program partners, and continually builds upon long established relationships with a passion for superior service for their appointed producers.

INDUSTRY PROFESSIONALS – Berkley Custom attracts and retains professionals with significant experience in their field, many with over 25 years in the business. Their culture values and promotes deep industry knowledge, integrity, excellence, and respect.

LONG-TERM APPROACH TO ACCOUNTS – Berkley Custom continually seeks partners for the long term who share their values and risk management discipline.

Long-term relationships have been their management’s trademark in over 30 years of serving customers in the E&S and Program marketplace. Their team is dedicated to serving the varied casualty exposure needs of their brokers and their customers. By truly understanding risk exposures in a constantly changing global environment, they can better work with you to keep risk placement recommendations current and responsive.

Responsibilities

The person in this role will promote profitable written premium growth and favorable loss ratios in accordance with Berkley Custom Best Practices, Underwriting Guidelines, Line of Business risk appetite, and personal Underwriting Authority. (Underwriters) may also be required to oversee the efficiency and effectiveness of other Underwriters and Technical Assistants

  • Evaluation, rating, and pricing of New Business and Renewal risks.
  • Preparation of Declination correspondence (when required).
  • Completion/updating of data entry fields in Workflow Management System.
  • Adherence to BCIM Best Practices, Underwriting Guidelines, Line of Business risk appetite, and personal Underwriting Authority.
  • Development, maintenance, and management of assigned producer relationships through visitations and regular customer contact.
  • Solicitation of additional information when needed.
  • Evaluation of the performance of producer relationships to ensure company and agency goals are met.
  • Awareness and maintenance of personal production and quality measures.
  • Coordination of Loss Control services (as needed)
  • Act as liaison with claims/finance/accounting as needed

#LI-Hybrid

Qualifications

  • Bachelor’s Degree from a four-year college or university preferred
  • 5 – 7 year of insurance-related experience and/or training
  • Computer skills including Microsoft Word, Microsoft Excel, and other related programs.
  • Understanding of BCIM Best Practices, Underwriting Guidelines and Line of Business risk appetite.
  • Ability to make sound judgments based on both written and observed factors where only limited standardization exists.
  • Awareness of the overall market conditions and BCIM’s competitors
  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations.
  • Ability to effectively write reports and business correspondence.
  • Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public,
  • Functional understanding of all required systems and processes.
  • Professional and effective communication skills.
  • Ability to work both independently and in a team environment.

Additional Company Details

The Company is an equal employment opportunity employer. We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. 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.
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Hourly Wage Estimation for Director, Underwriting in Chicago, IL
$91.01 to $120.61
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