Senior Underwriter - Small Business

Company Details

Berkley Edge offers solutions for hard-to-place and distressed risks for both professional and casualty lines of business.  Edge will focus on small to mid-sized risks through a wholesale only distribution model.

 

Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.  Along the way, we have been listed on the New York Stock Exchange, seen our revenue soar well past $10 billion, and become a well-respected Fortune 500 Company.

 

The Company is an equal employment opportunity employer.

Responsibilities

The Senior Underwriter – Small Business will maintain contributory responsibility for small business underwriting, including revenue growth, profitability and competitiveness, while having sole responsibility for an individual book of business and serving as a key point of contact for assigned brokers.

 

• Maintain and grow a profitable book of small business through effective underwriting and business skills in assigned territory or product line.
• Oversee policy applications, renewals, repricing, restrictions, and cancellations to determine risk acceptability and appropriate coverage.
• Act as a technical expert with both technical and administrative responsibility for the underwriting function or team.
• Focus on assigned brokers to foster growth, market the company’s appetite and initiatives, and serve as the key point person for resolution of service issues.
• Demonstrate broad knowledge of small contractors, OL&T and manufacturing risks.
• Link product line policies, procedures and practices to the overall company strategy and demonstrate a broad overview of company operations.
• Identify and act on opportunities to share line of business knowledge with customers and team members.
• Recognize and advance the development of technological enhancements to meet strategic needs.
• Blend outside ideas with internal values when making recommendations and network with peers and outside resources to exchange ideas and information.
• Make recommendations in the development and implementation of policies and practices.
• Recommend new coverage enhancements to products to fill market gaps and create customer value.
• Integrate coverage, service, and regulatory or emerging hazard issues to exceed customer needs.
• Coach and direct others on coverage, service and regulatory or emerging hazard issues, and act as a referral source on coverage and pricing within assigned authority.
• Help train less experienced underwriters in the product line.
• Develop pricing proposals utilizing advanced techniques and understand pricing needs over a large territory or book of business.
• Work with claims to understand current claims trends and incorporate those trends into underwriting decisions.
• Gather and analyze information to determine risk acceptability and assess rate adequacy relative to exposure.
• Integrate internal and external resources and assess and prioritize underwriting and service needs and the feasibility of their delivery.
• Identify critical exposures, trends and opportunities, and assist with the development of strategies to address them.
• Share specialized knowledge of exposures for specific industry or market segments.
• Persuade customers and influence brokers in a preferred direction.
• Build and lead effective underwriting teams.
• Negotiate advanced coverage issues and solicit broker feedback, bringing resolution to issues.
• Provide training guidance and act as a referral source on coverage and pricing.
• Demonstrate advanced selling skills and coach and develop staff on client management.

Qualifications

Qualifications:

• Ability to operate effectively in a fast-paced environment managing multiple complex assignments and competing priorities.
• Comfortable working in an ambiguous and dynamic environment.
• Minimum of 5 years’ small business underwriting experience.
• Strong experience in Excess & Surplus (E&S) Lines and Wholesale Brokerage Distribution.
• Experience writing primary commercial general liability is required.

 

Education Requirement

• Four (4) year college degree, or commensurate experience and training (Risk Management preferred).
• CPCU, RPLU, ASLI, AU and other professional designations preferred.

Additional Company Details

We do not accept unsolicited resumes from third party recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. 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.

Additional Requirements

Location and Travel: • Saint Petersburg, FL.

Sponsorship Details

Sponsorship not Offered for this Role

Responsibilities

The Senior Underwriter– Small Business will maintain contributory responsibility for small business underwriting, including revenue growth, profitability and competitiveness, while having sole responsibility for an individual book of business and serving as a key point of contact for assigned brokers.
 
- Maintain and grow a profitable book of small business through effective underwriting and business skills in assigned territory or product line.
- Oversee policy applications, renewals, repricing, restrictions, and cancellations to determine risk acceptability and appropriate coverage.
- Act as a technical expert with both technical and administrative responsibility for the underwriting function or team.
- Focus on assigned brokers to foster growth, market the company’s appetite and initiatives, and serve as the key point person for resolution of service issues.
- Demonstrate broad knowledge of small contractors, OL&T and manufacturing risks.
- Link product line policies, procedures and practices to the overall company strategy and demonstrate a broad overview of company operations.
- Identify and act on opportunities to share line of business knowledge with customers and team members.
- Recognize and advance the development of technological enhancements to meet strategic needs.
- Blend outside ideas with internal values when making recommendations and network with peers and outside resources to exchange ideas and information.
- Make recommendations in the development and implementation of policies and practices.
- Recommend new coverage enhancements to products to fill market gaps and create customer value.
- Integrate coverage, service, and regulatory or emerging hazard issues to exceed customer needs.
- Coach and direct others on coverage, service and regulatory or emerging hazard issues, and act as a referral source on coverage and pricing within assigned authority.
- Help train less experienced underwriters in the product line.
- Develop pricing proposals utilizing advanced techniques and understand pricing needs over a large territory or book of business.
- Work with claims to understand current claims trends and incorporate those trends into underwriting decisions.
- Gather and analyze information to determine risk acceptability and assess rate adequacy relative to exposure.
- Integrate internal and external resources and assess and prioritize underwriting and service needs and the feasibility of their delivery.
- Identify critical exposures, trends and opportunities, and assist with the development of strategies to address them.
- Share specialized knowledge of exposures for specific industry or market segments.
- Persuade customers and influence brokers in a preferred direction.
- Build and lead effective underwriting teams.
- Negotiate advanced coverage issues and solicit broker feedback, bringing resolution to issues.
- Provide training guidance and act as a referral source on coverage and pricing.
- Demonstrate advanced selling skills and coach and develop staff on client management.