Senior Professional Lines Underwriter

Berkley•Glen Allen, VA

23d•Hybrid

About The Position

At Verus Specialty Insurance, a proud member of the esteemed W.R. Berkley Corporation (NYSE: WRB), we stand as a leading Excess and Surplus Lines provider delivering comprehensive solutions across the United States. Backed by the formidable strength of a Fortune 500 titan and operating with the agility of a nimble startup, we blend the best of both worlds to foster innovation and excellence in everything we do. Our nationwide operations are supported by a robust network of select wholesale producers, ensuring that our reach and capabilities are always close at hand. We are driven by a forward-thinking leadership that champions a dynamic culture where questioning the norm is not just welcomed but expected. This ethos empowers our team to consistently surpass customer expectations and drive the industry forward. At Verus, we are more than just a company; we are a community that thrives on collaboration, growth, and taking ownership of our actions. We are constantly on the lookout for exceptional talent who are eager to contribute, innovate, and grow with us. If you are passionate about making a mark in the insurance industry and align with our vision, we eagerly await your application. Join us and be a part of a team where your contributions are valued, and your potential fully realized! Verus underwriters are curious, creative problem solvers who work with our agents to create appropriately priced policies to insure their customers' risks. Successful underwriters are skilled in negotiating and collaborating with our agents to ensure proper risk-selection and pricing, along with leading teams to ensure company goals and objectives are met. Under minimal supervision, the Senior Professional Lines Underwriter is responsible for underwriting risks in a book of business including miscellaneous professional, lawyers, title agents and real estate agents E&S business to achieve company premium and profit goals. Individual contributor responsible for the overall management, business development, analysis and monitoring of a book of business. Independently works within specific limits of authority on assignments utilizing underwriting policies and guidelines, rating manual rules and insurance laws and regulations as well as company policies and procedures. They are also expected to maintain and develop broker relationships, including addressing opportunities and areas of concern. Participates in product line management including product enhancements as well as corrective actions. Skill and knowledge of broker/agency management and relationship building. Track record of uncovering, researching and putting together new product line opportunities by applying appropriate underwriting strategies and standards to qualify risk acceptability. Ability to work effectively and within an assigned level of underwriting authority. Experience planning, orchestrating, and leading highly effective broker meetings. Negotiates standard coverage issues, closes sale, and gauges customer satisfaction. Ability to meet or exceed designated LOB production metrics. Strong technical knowledge regarding underwriting, coverage and pricing within a particular product line. Assisting with the training of underwriting staff. Participates in product line management including product enhancements as well as corrective actions. Handles more complex risks. Serves as a company representative to external organizations, as appropriate. Proven ability to build and maintain strong productive relationships with individual brokers. Provide timely, courteous and efficient service to all internal and external clients. Ability to identify and call appropriate attention to broker performance issues. Serves on task forces and committees and actively participates in projects. Understanding of pricing and risk selection criteria. Perform other duties as assigned. Works collaboratively with other team members and mentors less experienced underwriters. Monitors key performance metrics in order to achieve individual and unit goals. Keeps current on issues affecting the professional liability line of business as well as the competitors and the overall marketplace. Attends industry conferences as required.

Requirements

College degree or equivalent work experience with demonstrated involvement in insurance industry.
A minimum of 5 years relevant industry experience.
Resourceful, analytical, with the ability to execute tasks through to resolution.
Strong oral/written communication skills with a positive attitude.
Detail-oriented with initiative and ability to work in fast-paced team environment.
A focus on delivering exceptional customer service.
Excellent communication and interpersonal skills.
Ability to work independently as well as part of a team.
High sense of urgency and need to identify and resolve issues.
Computer literal, including use of Word, Excel and various project management tools.
Ability to travel, as needed.

Nice To Haves

RPLU designation is preferred.

Responsibilities

Underwriting risks in a book of business including miscellaneous professional, lawyers, title agents and real estate agents E&S business to achieve company premium and profit goals.
Overall management, business development, analysis and monitoring of a book of business.
Works within specific limits of authority on assignments utilizing underwriting policies and guidelines, rating manual rules and insurance laws and regulations as well as company policies and procedures.
Maintain and develop broker relationships, including addressing opportunities and areas of concern.
Participates in product line management including product enhancements as well as corrective actions.
Uncovering, researching and putting together new product line opportunities by applying appropriate underwriting strategies and standards to qualify risk acceptability.
Planning, orchestrating, and leading highly effective broker meetings.
Negotiates standard coverage issues, closes sale, and gauges customer satisfaction.
Meet or exceed designated LOB production metrics.
Assisting with the training of underwriting staff.
Handles more complex risks.
Serves as a company representative to external organizations, as appropriate.
Build and maintain strong productive relationships with individual brokers.
Provide timely, courteous and efficient service to all internal and external clients.
Identify and call appropriate attention to broker performance issues.
Serves on task forces and committees and actively participates in projects.
Understanding of pricing and risk selection criteria.
Perform other duties as assigned.
Works collaboratively with other team members and mentors less experienced underwriters.
Monitors key performance metrics in order to achieve individual and unit goals.
Keeps current on issues affecting the professional liability line of business as well as the competitors and the overall marketplace.
Attends industry conferences as required.