Manager, Regional Underwriting

Berkley•Philadelphia, PA

1d•Remote

About The Position

Berkley Professional Liability is seeking an Underwriting Manager to help us build our business in the Mid-Atlantic and Southeast region. In this role you will analyze and underwrite existing and prospective private company accounts seeking Directors and Officers, Employment Practices, and Fiduciary Liability insurance coverage. Develop relationships with key brokers to increase the submission flow and quality of new business prospects. Prepare thorough underwriting workups that contain a detailed financial analysis, claims/legal history, and a review of significant recent corporate events 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 with senior managers to rate and price new/renewal accounts and draft all quote/binder letters and issue the policy. Responsible for maintaining the underwriting files on all in-force and lost/declined accounts.

Requirements

Bachelor’s degree required.
5 – 10 years of private company management liability (D&O, EPL, FLI and Crime) underwriting experience
Computer proficiency
Strong communication and organization skills
Strong technical and marketing expertise
Organization – maintain thorough 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 – analyze income statement, balance sheet, cash flow statement in order to identify risk factors.

Responsibilities

Analyze and underwrite existing and prospective private company accounts seeking Directors and Officers, Employment Practices, and Fiduciary Liability insurance coverage.
Develop relationships with key brokers to increase the submission flow and quality of new business prospects.
Prepare thorough underwriting workups that contain a detailed financial analysis, claims/legal history, and a review of significant recent corporate events 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 with senior managers to rate and price new/renewal accounts and draft all quote/binder letters and issue the policy.
Responsible for maintaining the underwriting files on all in-force and lost/declined accounts.