Underwriter II - D&O

Berkley•Chicago, IL

20h•Hybrid

About The Position

Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations. As a Berkley company, Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting, loss control, and claims practices providing superior products and services to its customers. Berkley Select is a Berkley Company. W. R. Berkley, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE: WRB). The Senior Underwriter is a part of the D&O underwriting segment for Berkley Select. This role evaluates risk characteristics to drive potential business opportunities within the team philosophy and guidelines. Our work environment is one of a collaborative and supported team that offers professional development and career advancement as we grow. Self-starters can thrive with Berkley Select with access to data and tech that helps them drive business decisions.

Requirements

Bachelor’s degree and 4-8 years of management liability underwriting experience.
Must have knowledge of management liability insurance policy forms, applicability and issues.
Must be able to conceptualize and analyze financial statements at a college level.
Good written and oral communications skills, including the ability to compose various types of business correspondence.
Must be able to manage multiple priorities, have good analytical skills and the ability to exercise independent judgment.
Must be customer service oriented; a team player; willing to learn; organized; detail oriented and flexible.
Working knowledge of PC’s and other software programs (including Microsoft Word and Excel)

Responsibilities

Manage key and/or target broker relationships and expectations.
Manage the expectations of, and communicate underwriting decisions, requirements, and philosophies to brokerage community.
Maintain producer / agency contact log in electronic databases.
Quarterly travel required (when permitted by WR Berkley)
Assist in distributing business opportunities to underwriting team members to achieve efficient and effective underwriting (based on work flow, ability and priority).
Provide final approval and guidance on risk analysis presented by members of the underwriting department in accordance with authority levels.
Evaluate risk characteristics of submissions to determine business opportunities in accordance with guidelines and company philosophy.
Price, design and recommend policy format for quoted submissions.
Review underwriting documents for accuracy prior to their release to brokers and/or company clients.
Discuss, analyze and interpret Berkley Select policy forms and coverage issues.
Suggest and/or develop policy endorsements to improve Berkley Select’s competitive advantage in the market.
Provide research assistance in analyzing competitor forms.
Discuss, analyze and interpret changes to competitor forms and underwriting appetites.
Assist with training junior members of the underwriting and/or support staff on underwriting procedures.
Provide assistance to management with training and education of the underwriting staff