Acadia Insurance (a Berkley Company) · 3 months ago
Director, Excess Casualty Underwriting
US-IL-Chicago
Full-time
Hybrid
Director/Executive
$130K/yr - $170K/yrAcadia Insurance, part of Berkley Company, is seeking a Director, Excess Casualty Underwriting to analyze potential and existing customers' financial conditions and risk exposures. The role includes assessing risk, setting rates, and maintaining effective relationships with brokers and clients while developing critical underwriting skills.
Commercial InsuranceInsurance
No H1B
Responsibilities
Evaluate risk characteristics of submissions to determine business opportunities in accordance with guidelines and company philosophy
Review underwriting documents for accuracy prior to their release to brokers and/or company clients
Learn to analyze coverage and limit requests to determine terms to be offered
Prices business in accordance with company guidelines
Assesses risk quality and compliance within company guidelines and initiates appropriate loss prevention actions
Orders and screens miscellaneous reports needed in the rating and underwriting processes, such as loss history reports, credit checks, outside inspections, loss control, etc
Assist with the input of preliminary underwriting information; gather third party reports and information on submissions, according to priority ranking by the underwriting team
Assist with pre-underwriting on renewals prior to the policy expiration date to determine whether notice of non-renewal or notice of a change in risk letters are required
Assist with gathering prior claim history information on renewals and utilize judgment to assist in determining extent of pre-underwriting or non-renewal
Receive, accept and follow up for and evaluate additional information for submissions on hold status
Follow up with producer to collect accurate lost quotation information
Receive, accept and evaluate binder conditions
Other duties and special projects as assigned
Qualification
Required
Bachelor's degree with a major in Insurance or related field
Must be able to conceptualize and analyze financials at a college level, as required by product line
Strong written and verbal communication skills are a must
Must be able to manage multiple priorities and possess the ability to make independent judgments
Must be a team player, willing and eager to learn, organized, detailed and flexible
Position requires occasional travel, including overnight trips
Benefits
Health
Dental
Vision
Life
Disability
Wellness
Paid time off
401(k)
Profit-sharing plans
Company
Acadia Insurance (a Berkley Company)
Acadia Insurance specializes in commercial property casualty insurance. Our company began in 1992 insuring businesses in Maine.
Founded in 1992
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Simone Grimes, CPA, MBA
Chief Financial Officer
Steve Rich, CPCU
Senior Vice President & Chief Claims Officer
Recent News
2024-03-06
Coverager - Insurance news and insights
2022-06-28
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