Manager, Regional Underwriting

BERKLEY TECHNOLOGY SERVICES; Englewood (CO); Remote; USD 100,000 - 200,000; Full time

Job summary

A leading insurance provider is seeking an Underwriting Manager to strengthen their business in the Western US. The role involves underwriting private company accounts for Directors and Officers, Employment Practices, and Fiduciary Liability insurance. Qualified candidates should have 5-10 years of experience in related underwriting and a Bachelor’s degree. The position offers a competitive salary range of $100,000 - $200,000 with various benefits and an annual bonus opportunity.

Benefits

Health insurance

Dental insurance

Vision insurance

401(k) plan

Paid time off

Qualifications

• 5 – 10 years of private company management liability underwriting experience.
• Proficiency in computer applications and underwriting technology.
• Ability to analyze financial statements.

Responsibilities

• Analyze and underwrite private company accounts seeking liability insurance.
• Communicate with brokers to understand their client’s renewal expectations.
• Prepare financial analysis and underwriting workups for accounts.

Skills

Communication skills

Organization skills

Financial literacy

Technical expertise

Marketing skills

Education

Bachelor’s degree

Tools

Underwriting software

Job description

Overview

Berkley Professional was founded in October 2008 as an operating unit of W. R. Berkley Corporation, one of the nation’s premier commercial property casualty insurance providers, by a team of management liability professionals with a combined total of over fifty years of experience in insurance and financial services. Backed by superior financial strength, Berkley Professional brings fresh capacity, underwriting acumen, claims handling expertise, and extensive relationships with insureds and brokers to the management liability marketplace.

Since then, Berkley Professional has enjoyed calculated and consistent growth, while exceeding the needs of our business partners. We provide customized coverage solutions with fairness, responsibility and superior claims servicing. Berkley Professional continues to expand its product capabilities as well as geographic reach in order to better serve the dynamic management liability environment. This growth includes the addition of a dedicated Financial Institutions team as well as an experienced group of Transactional Liability underwriters furthering Berkley Professional’s capabilities.

Responsibilities

Berkley Professional Liability is seeking an Underwriting Manager to help us build our business in the Western US states.

In this role you will analyze and underwrite existing and prospective private company accounts seeking Directors and Officers, Employment Practices, and Fiduciary Liability insurance coverage. Develop relationships with key brokers to increase the submission flow and quality of new business prospects.

• Prepare thorough underwriting workups that contain a detailed financial analysis, claims/legal history, and a review of significant recent corporate events for each new business and renewal account.
• Communicate with brokers during the renewal process to ascertain the client’s renewal expectations and on new business accounts to find the best opportunity for successfully winning the business.
• Participate in client meetings designed to address each account’s risk factors and mitigation approach.
• Work with senior managers to rate and price new/renewal accounts and draft all quote/binder letters and issue the policy.
• Responsible for maintaining the underwriting files on all in-force and lost/declined accounts.

#LI-Remote

Qualifications

• Bachelor’s degree required.
• 5 – 10 years of private company management liability (D&O, EPL, FLI and Crime) underwriting experience
• Computer proficiency
• Strong communication and organization skills
• Strong technical and marketing expertise
• Organization – maintain thorough and orderly underwriting files that present an accurate representation of a deal that has been bound or a lost/declined opportunity that follows the internal underwriting guidelines and state specific requirements.
• Financial literacy – analyze income statement, balance sheet, cash flow statement in order to identify risk factors.

Additional Details

The Company is an equal employment opportunity employer. We do not accept any unsolicited resumes from external recruiting agencies or firms.

Base Salary Range: $100,000 - $200,000 • Eligible to participate in annual discretionary bonus • Benefits include: Health, dental, vision, life, disability, wellness, paid time off, 401(k) and profit-sharing plans. 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. Sponsorship Details: Sponsorship not Offered for this Role