Underwriter

Berkley Management Protection (a Berkley Company); West Hartford (CT); On-site; USD 90,000 - 130,000; Full time

Job summary

Berkley Management Protection seeks an experienced Underwriter leader to manage underwriting tasks for new and renewal accounts in designated regions. You will work with TM's, AVPs, and RVPs to drive growth, mentor junior staff, and lead strategy projects to improve profitability.

Ideal candidates have 3+ years in management liability underwriting, knowledge of MPL products, and a demonstrated ability to build strong agent relationships and execute on complex initiatives.

Qualifications

• Bachelor's Degree and minimum of 3+ years of management liability underwriting or related experience.
• Knowledge within the Management Liability suite of products (D&O, Cyber, EPL, Crime, Fiduciary, MPL) preferred.
• Empathy for independent agents and strong communication skills.

Responsibilities

• Lead underwriting tasks for new and renewal accounts in assigned regions to drive growth and favorable loss ratios.
• Collaborate with Territory Managers, AVPs and RVPs to target desirable accounts.
• Manage workflow and execution of strategic initiatives and mentoring of junior staff.
• Possibly manage a team of underwriters and ensure adherence to guidelines.
• Establish relationships with agents to drive production and growth.
• Monitor industry trends and adapt underwriting practices accordingly.

Skills

Management liability underwriting

Risk assessment and pricing

Policy quoting binding issuance

Underwriting guideline application

Team leadership and work assignment

Agency relationship management

Customer service

Strategic initiative execution

Education

Bachelor's Degree

Job description

Berkley Management Protection offers a modular suite of management liability products through the Grove, their bespoke and easy to use platform tailored towards independent agents. Their Trellis Management Liability Portfolio of coverages include directors and officers, employment practices, fiduciary, cyber, crime and miscellaneous professional liability.

Company URL: https://www.berkleymp.com/

Responsibilities

The Underwriter will manage all related underwriting tasks for new and renewal accounts required in assigned regions to promote written premium growth and favourable loss ratio results. The role will work closely with the TMs, AVPs, RVPs across assigned regions. The role is expected to have increased involvement in the management, development and training of junior underwriting staff and increased responsibility for the business results of BMP. This role will also have significant influence as to the workflow and execution of a number of strategic initiatives. This role may be responsible for managing a team of underwriters.

Duties And Responsibilities Include But Are Not Limited To

• Responsible for new & renewal accounts which focuses on underwriting and pricing risks in accordance with BMP’s business rules and personal underwriting authority.
• Ownership of the lifecycle of the submission including quoting, filing all relevant documents, binding, issuing and obtaining signed and executed applications.
• Support consistent underwriting best practices, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy.
• Responsible for assigning and managing the work of a team of underwriters.
• Assist underwriters in executing on strategic initiatives. Provide support and develop solutions to their issues/concerns (system, guidelines, training, reports, new project request, product amendments).
• Assist underwriters in collaborating with Territory Managers, AVPs and RVPs to target desirable accounts.
• Identify the need for and manage special underwriting projects as needed.
• Fully engage with agency personnel by providing superior customer service.
• In conjunction with TM's, AVP's and RVP's will establish a workflow for renewals that will allow for "Insurance with Ease" for our agents.
• Work closely with the TM's, AVPs and RVP's to establish and implement a sales culture In collaboration with TM's, AVP's and RVP's, creates the workflow that will establish the best user experience for the independent agent in the onboarding process.
• Ownership of the lifecycle of the submission including quoting, filing all relevant documents, binding, issuing and obtaining signed and executed applications.
• Manages the submission queue for all regions which requires a strong attention to detail. Enters submissions in the system and accurately assigns them to the correct underwriter as well as filing documents accordingly.
• Establish strong relationships with agents in driving mutually beneficial results through agency planning, production and growth.
• Monitor competitor's offerings and emerging industry issues.
• Embrace relevant technology and actively improves skillset through formal and informal learning.
• Serves as a resource for new and innovative ideas to continually challenge the status quo.
• Other duties as assigned.

Qualifications

• Bachelor's Degree and minimum of 3+ years of management liability underwriting or related experience at an insurance company or agency or equivalent combination of education and experience.
• Knowledge within the Management Liability suite of products (D&O, Cyber, EPL, Crime, Fiduciary, and MPL) preferred.
• Empathy and understanding of the needs of our independent agents. Will be an advocate for Berkley Management Protection customers and as such, will be passionate about their brand experience.
• An agile team player with strong written and verbal communication, negotiation and interpersonal skills.
• Demonstrated ability to self-organize, prioritize and request help when needed.
• Execution-oriented with attention to details driven by natural curiosity and competitive spirit.

Skills

• Management liability underwriting
• Risk assessment and pricing
• Policy quoting, binding and issuance
• Underwriting guideline application
• Team leadership and work assignment
• Agency relationship management
• Customer service
• Strategic initiative execution