AVP, Binding Authority Broker

Berkley • Los Angeles, CA

76d • $135,000 - $185,000

About The Position

The AVP, Excess Casualty Binding Specialist is responsible for analyses of potential and existing customers by gathering and reviewing information on the companies’ financial condition, loss and exposure history, and other relevant information to determine account acceptability. Duties will also entail assessing economic acceptability of the risks and other important criteria that may affect the type of insurance coverage provided and premiums charged. Under supervision, the person in this role will assess risk, set rate and coverage levels. The successful candidate with excellent experience while developing their critical skills, through both independent and on-the-job training (e.g., job shadowing, mentorship, etc.). It is expected that the person in this role will establish, support, and maintain effective relationships with peers, customers, and brokers/agents. The person will also focus on learning how to evaluate both new and renewal book of business from evaluation to assessing, analyzing and pricing risk. Production-oriented binding specialist; position responsible for all aspects of growing and managing a profitable book of excess casualty business. Success comes from a dedication to the trade and a long-term approach to every aspect of the business, including relationship and risk management discipline. Manage and grow a high-quality excess casualty insurance portfolio working through your network of wholesale broker partners.

Requirements

• Bachelor's degree (B. A.) from a four-year college or university; or 10+ years related experience and/or training; or equivalent combination of education and experience.
• 10+ years of experience in excess casualty.
• Excess casualty professional with strong go-to relationships within the wholesale brokerage channel.
• Deep understanding of the market and a history of strong industry relationships.
• Strong written and verbal communication skills.
• Ability to manage multiple priorities and make independent judgments.
• Team player, willing and eager to learn, organized, detailed and flexible.
• Unwavering demonstration of integrity, respect and professionalism.

Nice To Haves

• Experience in managing a profitable book of excess casualty business.
• Strong networking skills within the brokerage community.

Responsibilities

• Evaluate risk characteristics of submissions to determine business opportunities in accordance with guidelines and company philosophy.
• Review account documents for accuracy prior to their release to brokers and/or company clients.
• Analyze and price business in accordance with company guidelines.
• Assess risk quality and compliance within company guidelines and initiate appropriate loss prevention actions.
• Order and screen miscellaneous reports needed in the rating and account processes, such as loss history reports, credit checks, outside inspections, loss control, etc.
• Determine the acceptability, quality and profitability of new and existing business based on company guidelines and objectives.
• Obtain required account approvals where needed.
• Contribute to the firmwide development of Berkley Custom operations, marketing plans, product analysis, services, geographic focus and broker intelligence.
• Effectively communicate and collaborate with other leaders with Berkley Custom to broaden knowledge of trends, opportunities, and technical knowledge of pricing.
• Maintain producer / agency contact log information in electronic databases.
• Participate in agency visitations with binding specialists, claims representative or loss control representative to begin developing customer contacts.
• Travel to conduct broker marketing meetings and attend industry events as determined by management.

Benefits

• Base salary range of $135,000 – $185,000 plus incentives.
• Robust benefits package for full-time regular employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees