Executive Portfolio Underwriter

Company Details

Berkley Fire & Marine Underwriters was launched in 2013 and is a W. R. Berkley operating unit offering preferred inland marine and related property risks and services. Headquartered in Chicago, Berkley Fire & Marine Underwriters serves customers throughout the United States, both regionally and nationwide. With the ability to craft customized terms, we provide the most effective protection for those in the construction, logistics, manufacturing and transportation industries.

Our culture is one that empowers employees to question the status quo and seek innovative ways to continue to exceed the expectations of our customers. We practice collaboration, ownership, critical thinking, and a professional growth mindset, along with being part of a larger team daily.

Now more than ever, financial strength is critical to a successful, long term insurance relationship. Berkley Fire & Marine Underwriters is a member company of W. R. Berkley Corporation
, a Fortune 500 company, whose insurance company subsidiaries are rated A+ (Superior) by A.M. Best.

The Company is an equal employment opportunity employer.

As an Executive Portfolio Underwriter, you will drive profitable renewal retention while delivering a high degree of customer satisfaction within assigned territory. You'll collaborate and consult with Sales Underwriting partners in executing renewal strategy for the existing portfolio as well as on complex or flagged renewals in alignment with retention goals. Ability to apply advanced level Underwriting, Sales, and Distribution Management skills to support overall book management.

What you can expect:

• Culture of innovation, teamwork, supportive colleagues, and leaders willing to invest in talent
• Internal mobility opportunities
• Visibility to senior leaders and partnership with cross functional teams
• Opportunity to impact change
• Benefits – competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education

We'll count on you to:

• Build superior partnerships with agents and brokers through proactive and consultative service on accounts.
• Analyze renewals, determine acceptability of renewal risk in accordance with Company guidelines and practices in order to make profitable underwriting decisions. Apply underwriting guidelines and appetite to risk selection and pricing. Consult and negotiate with agents to package appropriate solutions to meet the needs of the insured while ensuring profitable outcomes for BFM.
• Collaborate with Sales Underwriters and underwriting teams to maintain a healthy book of business consisting of varied inland marine and property classes, risk size, and complexity. Evaluate underwriting performance based on financial analysis. Includes rate, reserve adequacy, operational execution, planning and product reviews.
• Prepare reports to management concerning quality, quantity, and profitability of risks renewed and non-renewals.
• Serve as mentor and consultant to other underwriters in areas of subject matter expertise.
• Consult with management on risks exceeding authority level or requiring special handling.

What you need to have:

• 7+ years inland marine insurance underwriting experience preferred.
• Able to work independently in an entrepreneurial environment.
• Advanced level knowledge and skills in the following competencies:
  • Underwriting Analysis, Coverage, and Pricing
  • Underwriting Process and Compliance
  • Sales Acumen
  • Distribution Management
  • Collaboration
  • Customer Focus
  • Personal Growth Mindset
  • Innovative
  • Critical Thinking
  • Accountability
• Intermediate level knowledge and skills in the following competencies:
  • Coaches & Motivates Others
  • Drives Productivity & Results
  • Leads Change