Verus Specialty Insurance (a Berkley Company) ยท 2 weeks ago
Executive Underwriter - Professional Lines
Scottsdale, AZ
Full-time
Onsite
Senior Level
5+ years expVerus Specialty Insurance, a member of W.R. Berkley Corporation, is a leading provider of Excess and Surplus Lines solutions across the United States. They are seeking a Senior Professional Lines Underwriter responsible for underwriting risks, managing a book of business, and developing broker relationships to achieve company goals.
ConsultingFinancial ServicesInsurance
No H1B
Responsibilities
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
Qualification
Required
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
Preferred
RPLU designation is preferred
Benefits
Competitive compensation plan
Robust benefits package for full time regular employees
Company
Verus Specialty Insurance (a Berkley Company)
Verus Specialty Insurance is an underwriting management company targeting small to midsize commercial risks in the E&S and Specialty insurance markets through appointed wholesale brokers and agents.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Joni Holland
SVP, Operations & Chief Operating Officer
Company data provided by crunchbase