Senior Production Underwriter

Berkley Luxury Group (a Berkley Company); Maryland; On-site; USD 100,000 - 150,000; Full time

Benefits offered by this job

Health, Dental, Vision, Life Insurance

Disability and Wellness programs

Paid Time Off

401(k) and Profit-Sharing plans

Job summary

Berkley Luxury Group (a Berkley Company) in Maryland seeks a Senior Production Underwriter. The successful candidate will be integral in profitably growing a book of business while partnering with brokers. Requirements include at least 5 years of underwriting experience and proficiency in insurance laws.

This role offers a competitive compensation package, including a salary range of $100,000 to $150,000, along with benefits like health and wellness programs.

Qualifications

• Minimum of 5 years underwriting experience.
• Demonstrated technical underwriting expertise and product-specific knowledge (Property, Liability, Auto, and Umbrella).
• Solid knowledge of underwriting and insurance industry theories and practices.

Responsibilities

• Profitably grow a book of business by partnering with brokers.
• Responsible for new and renewal underwriting execution.
• Develop trusted, respected relationships with agent partners.

Skills

Analytical skills

Problem-solving

Interpersonal skills

Communication skills

Negotiation skills

Sales and marketing proficiency

Education

Bachelor’s Degree or equivalent experience

Tools

Microsoft Office Suite

Job description

Company Details

Berkley Luxury Group is an operating unit of W.R. Berkley Corporation, one of America's largest commercial lines writers in the UnitedStates. At Berkley Luxury Group we offer tailored, all-inclusive insurance solutions for luxury condo, co-op, rental properties and fine dining restaurants.

We are a team of seasoned underwriting and claim professionals, well versed in the nuances of our two niches. Our specialized expertise has enabled us to maintain a stable approach to the market for over 30 years. We uphold a standard of prompt and fair settlement of claims, and endeavor to treat our insureds and brokers in a partnership like manner. We also provide value-added consultative risk-management services to assist our customers in managing risk.

Responsibilities

The Senior Production Underwriter is a key member of the underwriting team reporting to the Director of Underwriting. The primary goal is to profitably grow a book of business by partnering with brokers and working with colleagues throughout the organization. The role includes planning and budgeting for the book, developing agency relationships, and executing underwriting decisions with authority and knowledge of insurance laws and regulations.

Inforce Portfolio Management and Underwriting Execution

• Responsible for new and renewal underwriting execution, selecting risks in line with BLG’s strategy and guidelines, operating within authority and documentation standards.


• Planning and budgeting for the book of business, tracking and reporting performance and developing a clear view of market conditions and competitive landscape.


• Provides guidance and assistance to other underwriters and functional areas.


• Monitors production, hit ratios, renewal retention, spread of risk and other production and quality measures.


• Keeps current on state/territory issues, regulations and trends.

Broker Relationships and Business Development

• Develop trusted, respected and lasting relationships with agent partners through visitations and regular connections.


• Accountable for tracking progress and positioning BLG within an agency.


• Evaluates performance of assigned agencies to ensure company and agency goals are met and recommends agency management solutions.


• Prepares quotes and answers questions from agencies, policyholders or other external contacts, escalating issues as necessary.


• Negotiates with agents to reach positive and profitable outcomes.


• Delivers exceptional, timely, complete and accurate service.


• Works with agents to craft best solutions for their clients.


• Communicates adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations and maintains empathy at all times.

Qualifications

• Bachelor’s Degree or equivalent experience.


• Minimum of 5 years underwriting experience.


• Demonstrated technical underwriting expertise and product-specific knowledge (Property, Liability, Auto, and Umbrella).


• Strong analytical, problem-solving, interpersonal, communication and negotiation skills.


• Proficiency in sales and marketing.


• Solid knowledge of underwriting and insurance industry theories and practices.


• Ability to multi-task, prioritize competing demands and work independently.


• Proficiency in Microsoft Office Suite.

Benefits

Competitive compensation plan and robust benefits package for full-time regular employees includes:

• Base Salary Range: $100,000 – $150,000 (actual salary determined by scope, complexity, location, skills, education, training, credentials, experience, and other conditions).


• Eligible to participate in the annual discretionary bonus program.


• Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Equal Employment Opportunity

The company is an equal opportunity employer.

Sponsorship Details

Sponsorship not offered for this role.