What are the responsibilities and job description for the Senior Underwriter position at Berkley?
Company Details
Acadia Insurance is a regional property casualty insurer with offices throughout the Northeast. As a member of W.R. Berkley Corporation (NYSE: WRB), one of the largest property casualty insurance holding companies in the United States, our financial strength and integrity are two of the main reasons why Independent Agents place business with us. Acadia is rated A (Superior) by A.M. Best, with an A claim paying ability rating by Standard & Poor’s.
At Acadia, we value our employees, our customers and our communities. Employees at Acadia are part of a progressive company where everyone can make a difference. We promote an inclusive environment which encourages continuous learning and the chance to grow and develop
Responsibilities
Manage all related underwriting tasks required in assigned territory to promote written premium growth and favorable loss ratio results.
- Responsible for new and renewal accounts with a focus on acquisition including underwriting and pricing accounts in accordance with Acadia’s underwriting standards and personal underwriting authority.
- Evaluate, select, and price policies for assigned agencies to achieve underwriting profit (within underwriting authority), premium growth, desired business mix, market/agency penetration, and agency management objectives with a focus on new business. Refer risks exceeding authority to management with recommendations for approval or disposition.
- Develop and manage assigned agency relationships with producers and customers through visitations and regular customer contact.
- Evaluate the performance of assigned agencies on an ongoing basis to ensure company and agency goals and objectives are met. Participate in review and evaluation of agencies and make recommendations on agency management issues.
- Communicate corporate goals, programs, underwriting policies, procedures, and guidelines to agents.
- Monitor production, hit ratios, renewal retention ratios, spread of risk, and other production and quality measures.
- Request information needed for underwriting and pricing of assigned business.
- Conduct negotiations with assigned agents.
- Coordinate loss control, claim, audit and billing services as needed.
- Bind reinsurance, review certificates from reinsurers
- Maintain a workflow for your assigned territory which meets all the standards and expectations of the department.
- Strive to improve processes within the Company to increase the level and quality of service provided to internal and external customers.
- Demonstrate a commitment to self-development. Manage larger agencies and complex accounts.
- Act as a resource for other in the department and provide direction to underwriters and support staff as needed.
- Negotiate facultative reinsurance on accounts where needed.
- Train or assist in training others as necessary. Help co-workers improve their skills by sharing your knowledge.
- Develop loss sensitive pricing approaches including retrospective rating plans and large deductibles.
- Assist in the training (coverages, new products) of staff.
- May serve as team leader with responsibility for an underwriting team. Including responsibility for workflow and service standard within the team.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently exposed to outside weather conditions. The employee is occasionally exposed to wet and/or humid conditions; moving mechanical parts; high, precarious places; fumes or airborne particles; toxic or caustic chemicals; extreme cold; extreme heat; risk of electrical shock; risk of radiation; and vibration. The noise level in the work environment is usually moderate.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to sit; use hands to finger, handle, or feel; and reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance; stoop, kneel, crouch, or crawl; and taste or smell. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.
Qualifications
- Bachelor's degree from four-year college or university
- 5-7 years related experience and/or training; or equivalent combination of education and experience.
Additional Requirements
*Per the CDC, fully vaccinated means at least 2 weeks after (1) a second dose in a 2-dose series, or (2) a single-dose vaccine, and this status and definition applies to COVID-19 vaccines currently authorized for emergency use or approved by the U.S. Food and Drug Administration.
