Professional Liability, Senior Underwriter

Berkley•Glen Allen, VA

1d•$80,000 - $175,000•Hybrid

About The Position

Berkley Edge offers solutions for hard-to-place and distressed risks for both professional and casualty lines of business. Edge will focus on small to mid-sized risks through a wholesale only distribution model. Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States. Along the way, we have been listed on the New York Stock Exchange, seen our revenue soar well past $10 billion, and become a well-respected Fortune 500 Company. The Company is an equal employment opportunity employer.

Requirements

Four (4) year College Degree, or commensurate experience and training (Risk Management preferred).
Minimum of 10 years’ professional liability underwriting experience.
Strong experience in Excess & Surplus Lines and Wholesale Brokerage Distribution.
Experience writing primary and excess professional liability is required.

Nice To Haves

CPCU, RPLU, ASLI, AU and other Professional designations preferred.

Responsibilities

Maintain contributory responsibility for Professional Liability underwriting, including revenue growth, profitability and competitiveness by directing the activities for an underwriting function or team but overall sole responsibility for an individual book of business.
Oversee policy applications, renewals, repricing, restrictions, and cancellations to determine risk acceptability and coverage.
Act as a technical expert with both technical and administrative responsibility.
May be involved in planning and implementing administrative, technical and operational direction toward achieving defined goals and objectives.
Focus on assigned brokers to foster growth, understanding of our business, marketing of our appetite and initiatives as well as the key point person for resolution of service issues.
Demonstrate broad knowledge of the business including Architects & Engineers, Lawyers Professional, Accountants, Insurance Agents & Brokers and Non-Medical Miscellaneous lines of business.
Link product line policies, procedures and practices to the overall company strategy.
Demonstrate a broad overview of the company’s operations.
Identify and act on opportunities to share line of business knowledge with customers and team.
Recognize and advance the development of technological enhancements to meet strategic needs.
Blend outside ideas with internal values when making recommendations.
Network with peers and outside resources to exchange ideas and information.
Make recommendations in the development and implementation of policies and practices.
Recommend new coverage enhancements to products to fill market gaps needed to create customer value.
Integrate coverage, service, and regulatory or emerging hazard issues to exceed the needs of the customer.
Coach and direct others on coverage, service and regulatory or emerging hazard issues.
Act as a referral source, within assigned authority, on coverage and pricing.
Help train less experienced underwriters in product line.
Achieve profitable growth through effective use of underwriting and business skills in assigned territory or product line.
Develop pricing proposals utilizing advanced techniques.
Understand pricing needs over a large territory or book of business.
Work with claims to understand current claims trends and to incorporate trends into underwriting.
Gather and analyze information to determine risk acceptability.
Assess rate adequacy relative to exposure.
Integrate internal and external resources.
Assess and prioritize underwriting and service needs and the feasibility of their delivery.
Identify critical exposures, trends and opportunities, and assist with the development of strategies to address them.
Share specialized knowledge of exposures for industry or market segments.
Persuade customers in a preferred direction.
Demonstrate the ability to influence brokers.
Build and lead effective underwriting teams.
Negotiate advanced coverage issues.
Solicit broker feedback and bring resolution to issues.
Provide training guidance and act as a referral source on coverage and pricing.
Demonstrate advanced selling skills.
Coach and develop staff on client management.