Senior Underwriter - job 1 of 3

Company Details

 

Berkley Professional was founded in October 2008 as an operating unit of W. R. Berkley Corporation, one of the nation’s premier commercial property casualty insurance providers, by a team of management liability professionals with a combined total of over fifty years of experience in insurance and financial services. Backed by superior financial strength, Berkley Professional brings fresh capacity, underwriting acumen, claims handling expertise, and extensive relationships with insureds and brokers to the management liability marketplace.

Since then, Berkley Professional has enjoyed calculated and consistent growth, while exceeding the needs of our business partners. We provide customized coverage solutions with fairness, responsibility and superior claims servicing. Berkley Professional continues to expand its product capabilities as well as geographic reach in order to better serve the dynamic management liability environment. This growth includes the addition of a dedicated Financial Institutions team as well as an experienced group of Transactional Liability underwriters furthering Berkley Professional’s capabilities.

Responsibilities

Berkley Professional Liability is seeking a Senior Underwriter to be located in our New York City headquarters.

 

The Sr Underwriter is responsible for analyzing and underwriting new and renewal accounts for public companies seeking Directors and Officers (D&O), Employment Practices, and Fiduciary Liability insurance coverage.  This role involves evaluating complex risk profiles, developing broker relationships, and contributing to the profitability and growth of the portfolio.

• Conduct comprehensive underwriting analysis and prepare thorough work-ups that contain a detailed financial analysis, claims/legal history, and a review of significant recent corporate developments for each new business and renewal account.
• Communicate with brokers during the renewal process to ascertain the client’s renewal expectations and on new business accounts to find the best opportunity for successfully winning the business.
• Participate in client meetings designed to address each account’s risk factors and mitigation approach.
• Work closely with senior managers to rate and price new/renewal accounts and draft all quote/binder letters.
• Issue policies in accordance with underwriting guidelines and regulatory requirements.
• Maintain accurate and organized underwriting files for all in-force and lost/declined accounts.

• Monitor market trends and competitor activity to inform underwriting decisions.

Qualifications

• BA/BS degree in Business, Finance, Risk Management, or a related field of study
• Minimum of 3+ years of underwriting experience
• Strong technical and marketing expertise; proven ability to build and maintain productive relationships with brokers and clients.
• Insurance industry knowledge
• Computer proficiency – skilled in Microsoft Office Suite and underwriting systems; comfortable using digital tools for analysis and documentation.
• Organization skills – maintain detailed and orderly underwriting files that present an accurate representation of a deal that has been bound or a lost/declined opportunity that follows the internal underwriting guidelines and state specific requirements.
• Financial literacy – ability to analyze income statement, balance sheet, cash flow statement in order to identify risk factors.
• Communication skills – strong verbal and written communication skills necessary to present account synopsis to senior managers for pricing consideration. Ability to interact with senior managers (CEO, CFO, GC, Treasurer) of existing or potential insureds during underwriting client meetings.  Ability to explain underwriting positions to key brokers on a specific insured or in general to generate submissions.
• Technical skills – fluent in policy terms/conditions and how changes to the basic terms/conditions can change the assumed risk.
• This position may involve approximately 10% travel for client/broker meetings

Additional Company Details

The Company is an equal employment opportunity employer. We do not accept any unsolicited resumes from external recruiting agencies or firms. • Base Salary Range: $95,000 - $160,000 • 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.