AVP, Technology E&O Underwriter

Company Details

 

Berkley Technology Underwriters is a global insurance provider offering property, casualty, professional and cyber insurance coverage for technology companies. 

 

Company URL: https://www.berkley-tech.com/

Responsibilities

As an AVP, Technology E&O Underwriter, you’ll be responsible for the management and growth of an assigned book of business as well as the acquisition of new business with a focus on Technology Middle Market insurance customers.  We will rely on you to analyze customers’ business information and claims history, monitor clients’ activities to change the policies as risks evolve.  You’ll evaluate acceptability of individual risks and determine overall acceptability of risk, coverage terms and pricing to achieve company profit objectives.  You’ll work with agents/brokers to develop productive and profitable relationships while also ensuring compliance with company underwriting guidelines and insurance regulators.  You’ll utilize your sales, marketing and negotiating skills to grow the book and enhance your producer relationships.

 

• Experience underwriting professional with strong property and casualty underwriting skills.
• Manage growth, profit and loss for assigned region.
• Manage agency/producer relationships for assigned region.
• Handle new and renewal submissions and endorsement requests from agents/ producers.
• Document underwriting files to support analysis, coverage terms and pricing.
• Operate in accordance with underwriting authority as delegated by manager.
• In conjunction with management, lead business initiatives for territory including execution of pricing, premium retention, coverage analysis, loss control needs, claim service needs and account stewardship.
• Provides clear instruction and guidance to underwriting support staff and operations staff.
• Apply your sales and marketing skills and strategies to meet financial goals.
• Follow established pricing, underwriting and documentation protocol as set forth by underwriting management.
• Mentor & coach underwriters and underwriting support staff

 

May perform other functions as assigned

Qualifications

Education

 

Four-year college degree or equivalent experience

 

Qualifications

 

• 5+ years of experience in commercial underwriting
• Knowledge of commercial lines underwriting standards and practices along with rating/pricing methods

• Travel:  Travel 25% - overnight travel required

• Knowledge of interpreting coverage forms
• Negotiation skills
• Experience selling and/or marketing insurance products & services
• Producer management – driving results and managing agency/producer relationships
• Strong customer service skills
• Strong oral and written communication skills
• Strong analytical and decision-making skills
• Ability to work independently as well as in a team environment
• Strong interpersonal skills
• Presentation skills
• Excellent PC skills and a working knowledge of Windows environment a valid driver’s license and carry vehicle insurance coverage.

   

  Berkley Core Competencies

  Communication

  Innovation

  Customer Focus and Teamwork

  Flexibility

  Delivers Results

  Technical & Job Excellence

  Accountability

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 including: • Base Salary Range: 160k-$190k • Eligible to participate in annual discretionary bonus • Benefits include: Health, dental, vision, dental, 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

Responsibilities

As an AVP, Technology E&O Underwriter, you’ll be responsible for the management and growth of an assigned book of business as well as the acquisition of new business with a focus on Technology Middle Market insurance customers.  We will rely on you to analyze customers’ business information and claims history, monitor clients’ activities to change the policies as risks evolve.  You’ll evaluate acceptability of individual risks and determine overall acceptability of risk, coverage terms and pricing to achieve company profit objectives.  You’ll work with agents/brokers to develop productive and profitable relationships while also ensuring compliance with company underwriting guidelines and insurance regulators.  You’ll utilize your sales, marketing and negotiating skills to grow the book and enhance your producer relationships.
 
- Experience underwriting professional with strong property and casualty underwriting skills.
- Manage growth, profit and loss for assigned region.
- Manage agency/producer relationships for assigned region.
- Handle new and renewal submissions and endorsement requests from agents/ producers.
- Document underwriting files to support analysis, coverage terms and pricing.
- Operate in accordance with underwriting authority as delegated by manager.
- In conjunction with management, lead business initiatives for territory including execution of pricing, premium retention, coverage analysis, loss control needs, claim service needs and account stewardship.
- Provides clear instruction and guidance to underwriting support staff and operations staff.
- Apply your sales and marketing skills and strategies to meet financial goals.
- Follow established pricing, underwriting and documentation protocol as set forth by underwriting management.
- Mentor & coach underwriters and underwriting support staff
 
May perform other functions as assigned