AVP, Underwriting

Berkley•Chicago, IL

1d•$114,000 - $211,000

About The Position

Do you want to be part of a dynamic and growing organization that encourages creativity, collaboration, innovation and individual expression? Are you an insurance professional who wants to think “outside the box” in creating products, underwriting and servicing customers? Berkley Healthcare is a dynamic company that encourages a pioneering mindset with the financial backing of a Fortune 500 company. At BHFL, everyone’s voice counts and we expect to hear from everyone. If you want to work in a unique insurance company like no other, come explore career options with us. As a member company of W. R. Berkley Corporation, Berkley Healthcare has assembled a unique team of multi-disciplinary insurance professionals to take a fresh look at healthcare organization insurance. We pride ourselves on our deep expertise in underwriting, claims and distribution in the healthcare industry insurance market. We understand that the healthcare industry is in a state of rapid evolution; shaped by emerging concepts in technology, law, public welfare and social economics, all with attendant enterprise risk unique to healthcare organizations. We apply cutting-edge insurance concepts to traditional healthcare insurance products. Concepts that embrace the current complexity of the healthcare industry. Concepts that give ultimate flexibility in managing enterprise risk. Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance. Each of the Berkley companies, or operating units within Berkley, participates in a niche market requiring specialized knowledge about a territory or product.

Requirements

Bachelor’s degree from an accredited university or college
5+ years of current financial lines underwriting experience, healthcare-specific experience preferred
Technical underwriting support skills including: submission in-take, new and renewal submission management, pricing preparation, risk analysis preparation, underwriting documentation expertise required
Demonstrated capability of managing all aspects of the underwriting analyst responsibilities
Knowledge of financial lines products, coverages and policy forms
Strong organizational skills required to successfully manage underwriting files and workflow process
Customer focused (You excel at relationship building and customer responsiveness)
Strong written and oral communication skills (i.e. Your communication style is flexible and adapts to the situation)
Ability to prioritize tasks and work on a daily basis in response to a dynamic work environment
Strong sense of accountability (You can work independently and manage to multiple deadlines)

Nice To Haves

Healthcare financial lines underwriting experience highly preferred

Responsibilities

Will support both the SME and LCE underwriting teams. Will primarily support the SME team but will selectively support certain business for the LCE team and be a “swing player” to pick up work for each team with the business ebbs and flows
Determine risk acceptability in accordance with underwriting risk appetite and guidelines
Prepare thorough underwriting analyses with detailed exposure analysis and independent underwriter assessment
Make pricing, coverage, terms and conditions determinations and recommendations within defined limits/authority and underwriting guidelines and authority parameters
Develop, grow and maintain a profitable, diversified book of business aligned with company goals
Ensure production and loss ratio goals are achieved for assigned book by reviewing, analyzing and evaluating information and taking appropriate action as necessary
Develop positive agency relationships within assigned territory while maintaining a good rapport through responsive levels of service
Coordinate marketing activities including travel in coordination with Distribution and Marketing Manager
Foster growth of less experienced staff in a positive and growth-oriented environment
Actively self-educate as to line of business, industry and insurance trends including exposures, claims, legal, legislative, healthcare, current events, self-improvement and innovation
Be the point of contact for team members and promote collaboration