Sr. Underwriter, Light Brokerage

Berkley • Scottsdale, AZ

4d • Hybrid

About The Position

Nautilus Insurance, a W. R. Berkley company, is seeking a Senior Underwriter for their Light Brokerage Business. This position can be located in our Scottsdale, AZ headquarters or remotely for a highly qualified candidate.

The Senior Undewriter's primary job functions include [1] developing a comprehensive knowledge of the company’s appetite in this product space and maintaining industry awareness in relation to opportunities and threats, [2] underwriting, including communicating appetite, rate, and underwriting information to agents, [3] overseeing renewal business and managing renewal underwriters to ensure consistent execution of underwriting strategy, and [4] supporting the underwriting process through training of new hires and development of associates.

Underwrites select risks in accordance with company guidelines for acceptability and rate.
Underwrites new business submissions, including evaluating risk characteristics, pricing, and coverage to ensure alignment with company appetite and profitability objectives.
Assists other underwriters with submission review and quoting during periods of high volume to help manage workflow, maintain service standards, and support team productivity.
Analyzes market conditions and provide suggestions for needed changes in forms, endorsements, and rates including opportunities for market or product expansion or enhancement.
Collaborates with Contract Bind production underwriting teams along with Light Brokerage teammates to ensure proper placement of a risk and communicate market/agent trends and issues between divisions
Corresponds or consults with agents, brokers, and other interested persons to determine feasibility and marketability of new products to meet competition and increase sales.
Contributes to the development and maintenance of E-Guide, enhancements on web portal and other electronic products that may arise including notification of changes to internal and external customers.
Provides guidance and support to less experienced team members within the department.
Develops and implements, with the help of the Product Development team, new opportunities for product expansion to drive more profitable business to the portfolio
Reviews industry publications and monitors pending legislation and regulations to determine impact of new developments on company insurance products.
Proficient at creating manuscript policy language with the help of Forms and Legal teams.
Oversees renewal book of business to ensure alignment with underwriting guidelines and profitability objectives.
Provides guidance to renewal underwriters on pricing, risk selection, and coverage decisions.
Monitors renewal retention, rate changes, and overall performance to identify trends and drive corrective action
Partners with agents and brokers to negotiate renewal terms and retain desirable accounts.

Requirements

• Bachelor's degree from four-year college or university; or 5+ years related insurance experience and/or training; or equivalent combination of education and experience.
• 3+ years experience underwriting casualty products at a senior level required.
• Excellent communication, presentation, interpersonal and leadership skills.
• Good understanding of the E&S business environment.
• The ability to effectively engage with leaders across the organization
• Applicable knowledge of budgets, forecasting, and metrics.
• Strong decision-making skills and responses to high-pressure situations.

Nice To Haves

• CPCU, IIA or other insurance related classes recommended.
• Excess and Surplus lines background is highly preferred.

Responsibilities

• Underwrites select risks in accordance with company guidelines for acceptability and rate.
• Underwrites new business submissions, including evaluating risk characteristics, pricing, and coverage to ensure alignment with company appetite and profitability objectives.
• Assists other underwriters with submission review and quoting during periods of high volume to help manage workflow, maintain service standards, and support team productivity.
• Analyzes market conditions and provide suggestions for needed changes in forms, endorsements, and rates including opportunities for market or product expansion or enhancement.
• Collaborates with Contract Bind production underwriting teams along with Light Brokerage teammates to ensure proper placement of a risk and communicate market/agent trends and issues between divisions
• Corresponds or consults with agents, brokers, and other interested persons to determine feasibility and marketability of new products to meet competition and increase sales.
• Contributes to the development and maintenance of E-Guide, enhancements on web portal and other electronic products that may arise including notification of changes to internal and external customers.
• Provides guidance and support to less experienced team members within the department.
• Develops and implements, with the help of the Product Development team, new opportunities for product expansion to drive more profitable business to the portfolio
• Reviews industry publications and monitors pending legislation and regulations to determine impact of new developments on company insurance products.
• Proficient at creating manuscript policy language with the help of Forms and Legal teams.
• Oversees renewal book of business to ensure alignment with underwriting guidelines and profitability objectives.
• Provides guidance to renewal underwriters on pricing, risk selection, and coverage decisions.
• Monitors renewal retention, rate changes, and overall performance to identify trends and drive corrective action
• Partners with agents and brokers to negotiate renewal terms and retain desirable accounts.

Benefits

• Paid Parental Leave (Childbirth Recovery Leave and Primary Caregiver Leave, up to 12 weeks paid)
• Medical coverage
• Dental coverage
• Vision coverage
• Flexible Spending Accounts (FSA)
• Health Savings Accounts (HSA)
• 401(k) program
• Profit sharing
• Stock purchase plan
• Life insurance
• Travel accident insurance
• One paid day off per year to volunteer
• Tuition Assistance
• Industry-Related Education and Exam programs
• Cell phone service discounts with Verizon and AT&T
• Plum Benefits program (travel and entertainment discounts)
• Flexible work arrangements
• On-site newly renovated fitness center (free to use)
• Yoga and other classes available for a nominal fee

What This Job Offers

• Job Type: Full-time
• Career Level: Senior