Berkley Professional Liability (a Berkley Company) · 14 hours ago
Senior Underwriter
New York, NY
Full-time
Hybrid
Mid, Senior Level
$95K/yr - $160K/yr
3+ years expBerkley Professional Liability is a prominent commercial property casualty insurance provider. The Senior Underwriter is responsible for analyzing and underwriting new and renewal accounts for public companies seeking various liability insurance coverage, while also developing broker relationships and contributing to the profitability and growth of the portfolio.
Insurance
Responsibilities
Conduct comprehensive underwriting analysis and prepare thorough work-ups that contain a detailed financial analysis, claims/legal history, and a review of significant recent corporate developments for each new business and renewal account
Communicate with brokers during the renewal process to ascertain the client’s renewal expectations and on new business accounts to find the best opportunity for successfully winning the business
Participate in client meetings designed to address each account’s risk factors and mitigation approach
Work closely with senior managers to rate and price new/renewal accounts and draft all quote/binder letters
Issue policies in accordance with underwriting guidelines and regulatory requirements
Maintain accurate and organized underwriting files for all in-force and lost/declined accounts
Monitor market trends and competitor activity to inform underwriting decisions
Qualification
Required
BA/BS degree in Business, Finance, Risk Management, or a related field of study
Minimum of 3+ years of underwriting experience
Strong technical and marketing expertise; proven ability to build and maintain productive relationships with brokers and clients
Insurance industry knowledge
Computer proficiency – skilled in Microsoft Office Suite and underwriting systems; comfortable using digital tools for analysis and documentation
Organization skills – maintain detailed and orderly underwriting files that present an accurate representation of a deal that has been bound or a lost/declined opportunity that follows the internal underwriting guidelines and state specific requirements
Financial literacy – ability to analyze income statement, balance sheet, cash flow statement in order to identify risk factors
Communication skills – strong verbal and written communication skills necessary to present account synopsis to senior managers for pricing consideration. Ability to interact with senior managers (CEO, CFO, GC, Treasurer) of existing or potential insureds during underwriting client meetings. Ability to explain underwriting positions to key brokers on a specific insured or in general to generate submissions
Technical skills – fluent in policy terms/conditions and how changes to the basic terms/conditions can change the assumed risk
This position may involve occasional travel for client/broker meetings
Benefits
Health
Dental
Vision
Dental
Life
Disability
Wellness
Paid time off
401(k)
Profit-sharing plans
Company
Berkley Professional Liability (a Berkley Company)
Berkley Professional Liability, a Berkley Company, was founded in 2008 by a specialized team of management liability professionals with deep expertise in the insurance and financial services industries.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase