Senior Underwriter

W. R. Berkley Corporation; Scottsdale (AZ); Hybrid; USD 79,000 - 132,000; Full time

Job summary

An established industry player is seeking an E&S Construction Underwriter to join their dynamic team. This role involves evaluating and maintaining risk acceptability and profitability for commercial risks, particularly in non-admitted General Liability for middle market construction. You'll be responsible for managing strong relationships with wholesale brokers, ensuring production and profitability targets are met, and continuously developing your underwriting skills. With a competitive compensation plan and robust benefits package, this is an exciting opportunity to grow in a supportive environment. If you have a passion for underwriting and a desire to make an impact, we encourage you to apply soon!

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Wellness Programs

Paid Time Off

401(k) Plan

Profit-Sharing Plans

Annual Discretionary Bonus

Qualifications

• 5-10 years of experience in commercial lines underwriting required.
• Strong knowledge of Excess & Surplus Lines and Wholesale Brokerage.

Responsibilities

• Evaluate and maintain risk acceptability and profitability.
• Manage relationships with wholesale brokers and meet production targets.
• Identify new business opportunities and develop strategies for risks.

Skills

Commercial Lines Underwriting

Risk Evaluation

Broker Relationship Management

Problem Solving

Portfolio Management

Education

BS/BA or equivalent experience

Tools

Underwriting Software

Job description

Company Details

Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following four market segments: Construction, Specialty Casualty, Velocity Small Business & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.

Responsibilities

The E&S Construction Underwriter will evaluate (selection and pricing) and maintain (control) risk acceptability and profitability within the company’s underwriting guidelines and procedures for commercial risks with a focus on non-admitted General Liability for middle market construction risks. The selected candidate will also manage and maintain strong wholesale broker relationships plus meet and maintain the production, profitability, and service standards established for the company. This role can be located in our Scottsdale, AZ or Chicago, IL offices, or remote locations in Colorado, Washington or Oregon.

Overview:

• Adhere to underwriting authority level as per on file with Manager.
• Gather underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite for profit.
• Meet/Exceed production, profitability, and service targets.
• Ability to research and solve more complicated problems and make decisions.
• Determine final coverages and pricing for commercial risks.
• Review claims and loss information on individual risks. Use this information to identify and re-evaluate accounts and develop strategy for dealing with exposures and frequency issues.
• As a team with the Manager, manage the portfolio profitability and identify favorable and unfavorable classes of business.
• Maintain quality and time standards as established.
• Be informed/knowledgeable of industry issues and activities through formal educational processes to develop underwriting skills.
• Identify and cultivate brokers with new business opportunities.
• Regular and predictable attendance.

Perform other duties as assigned.

Qualifications

• BS/BA, or commensurate experience and training.
• Minimum of 5-10 years’ commercial lines underwriting experience.
• Strong experience in Excess & Surplus Lines and Wholesale Brokerage Distribution.
• CPCU and/or other professional designations preferred.
• Experience writing supported excess is preferred.

Compensation and Benefits

The company offers a competitive compensation plan and robust benefits package for full-time regular employees which for this role include:

• Base Salary Range: $79,000 – $132,000
• Eligible to participate in annual discretionary bonus.
• Benefits: 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. The application window for this role is estimated to be open through March 15, 2025, but may be extended, if necessary; please submit your application as soon as possible prior to March 15, 2025.

Sponsorship Details

Sponsorship not Offered for this Role.