AVP, Technology E&O Underwriter

Berkley•Minneapolis, MN

19h•Onsite

About The Position

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

Requirements

Four-year college degree or equivalent experience
5+ years of experience in commercial underwriting
Knowledge of commercial lines underwriting standards and practices along with rating/pricing methods
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.

Nice To Haves

Experience underwriting professional with strong property and casualty underwriting skills.

Responsibilities

Manage and grow an assigned book of business.
Acquire new business with a focus on Technology Middle Market insurance customers.
Analyze customers’ business information and claims history.
Monitor clients’ activities to change policies as risks evolve.
Evaluate acceptability of individual risks and determine overall acceptability of risk, coverage terms and pricing to achieve company profit objectives.
Work with agents/brokers to develop productive and profitable relationships.
Ensure compliance with company underwriting guidelines and insurance regulators.
Utilize sales, marketing and negotiating skills to grow the book and enhance producer relationships.
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.
Lead business initiatives for territory including execution of pricing, premium retention, coverage analysis, loss control needs, claim service needs and account stewardship.
Provide clear instruction and guidance to underwriting support staff and operations staff.
Apply 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.