Sr. Production Underwriter

Company Details

 

Berkley Luxury Group is an operating unit of W.R. Berkley Corporation, one of America’s largest commercial lines writers in the UnitedSstates. 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 have the ability to provide an array of value-added consultative risk management services designed to assist our customers in managing risk. At Berkley Luxury Group, we have a shared vision to be the best in what we do, as evidenced by our reputation amongst our customers and competitors.

 

As a Berkley company, we enjoy operational flexibility that allows us to deliver quality coverage solutions.  W. R. Berkley Corporation, and all member insurance companies, are rated A+ (Superior) by A.M. Best Company and carry Standard & Poor’s Financial Rating of A+ (Strong).

Responsibilities

Berkley Luxury group is seeking a Senior Production Underwriter to join their team.  This role can be located in either the DC/Baltimore/Northern VA area or in Ohio on a remote basis.

 

The Senior Production Underwriter is a key member of the underwriting team reporting to the Director of Underwriting. The primary goal of this position is to profitably grow a book of business by actively partnering with brokers and working effectively with colleagues throughout the organization. This person will plan and budget for the book of business, develop and maintain agency relationships, and execute underwriting decisions using underwriting rules, designated authority and will have strong knowledge of insurance laws and regulations.

 

Inforce Portfolio Management and Underwriting Execution:

• Responsible for new and renewal underwriting execution, including selecting risks in line with BLG’s strategy and underwriting guidelines, operating within authority and documentation guidelines, following up on accounts and closing new business.
• Planning and budgeting for the book of business, tracking and reporting performance to plan, and developing a clear view of market conditions and competitive landscape.
• Provides guidance and assistance to other underwriters and to other functional areas.
• Monitors production, hit ratios, renewal retention ratios, 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 of progress and positioning BLG within an agency
• Evaluate the performance of assigned agencies on an ongoing basis to ensure company and agency goals are met. Participates in review and evaluation of agencies and makes recommendations on agency management issues.  Communicates corporate goals, programs, underwriting policies, procedures, best practices and guidelines to agents.
• Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues as necessary. Negotiates with agents to reach positive and profitable outcomes.
• Deliver exceptional, timely, complete and accurate service
• Work with agents to craft best solutions for their clients
• Notify brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations and underwrite empathetically at all times

#LI-Remote

Qualifications

• Bachelor’s Degree or equivalent job-related experience 
• Minimum of 5 years underwriting experience
• Demonstrated technical underwriting expertise and product specific knowledge (Property, Liability, Auto, and Umbrella).
• Strong analytical and problem-solving skills in addition to strong interpersonal, communication & negotiation skills
• Demonstrated proficiency in sales and marketing
• Solid knowledge of underwriting and insurance industry theories and practices.
• Strong written and verbal communication, negotiation and interpersonal skills and the ability to effectively interact with all levels of internal and external business partners.
• Ability to multi-task and to independently prioritize competing demands/requests within given time constraints.
• Ability to work independently.
• Ability to exercise independent judgment and effectively make sound business decisions.
• Proficiency in Microsoft Office Suite.

Additional Company Details

The company is an equal opportunity employer. We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $100,000 - $150,000 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. Eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Sponsorship Details

Sponsorship not Offered for this Role

Responsibilities

Berkley Luxury group is seeking a Senior Production Underwriter to join their team.  This role can be located in either the DC/Baltimore/Northern VA area or in Ohio on a remote basis.
 
The Senior Production Underwriter is a key member of the underwriting team reporting to the Director of Underwriting. The primary goal of this position is to profitably grow a book of business by actively partnering with brokers and working effectively with colleagues throughout the organization. This person will plan and budget for the book of business, develop and maintain agency relationships, and execute underwriting decisions using underwriting rules, designated authority and will have strong knowledge of insurance laws and regulations.
 
Inforce Portfolio Management and Underwriting Execution:
- Responsible for new and renewal underwriting execution, including selecting risks in line with BLG’s strategy and underwriting guidelines, operating within authority and documentation guidelines, following up on accounts and closing new business.
- Planning and budgeting for the book of business, tracking and reporting performance to plan, and developing a clear view of market conditions and competitive landscape.
- Provides guidance and assistance to other underwriters and to other functional areas.
- Monitors production, hit ratios, renewal retention ratios, 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 of progress and positioning BLG within an agency
- Evaluate the performance of assigned agencies on an ongoing basis to ensure company and agency goals are met. Participates in review and evaluation of agencies and makes recommendations on agency management issues.  Communicates corporate goals, programs, underwriting policies, procedures, best practices and guidelines to agents.
- Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues as necessary. Negotiates with agents to reach positive and profitable outcomes.
- Deliver exceptional, timely, complete and accurate service
- Work with agents to craft best solutions for their clients
- Notify brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations and underwrite empathetically at all times
#LI-Remote