Underwriter II

Company Details

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).

Responsibilities

This role will evaluate (selection and pricing) and maintain (control) risk acceptability and profitability within the company's underwriting guidelines and procedures for professional liability with a focus on Management Liability.

This individual will maintain and develop good wholesale and brokerage relationships and / or program relationships when necessary, and critically analyze risk characteristics to reach sound underwriting decisions while meeting and maintaining the production, profitability, and service standards established for the company.

• Work to achieve company goals to advance profitable written premium growth.
• Adhere to underwriting authority level and guidelines in place.
• Gather underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite to acceptable profitability metrics
• Meet / Exceed production, profitability, retention and service targets.
• Ability to research and solve more complicated problems and make decisions.
• Understand rate development and ability to price underwriting exposures correctly.
• Determine final coverage and pricing for professional liability risks. Recommend policy form enhancements and endorsements to advance the business.
• Knowledge of competitor form and coverages.
• Work in both a collaborative team environment but also be able to work independently.
• Review claims and loss information on individual risks. Use this information to identify and re-evaluate accounts and develop a strategy for dealing with exposures and frequency issues.
• As a team with the Manager, manage the portfolio profitability and identify favorable and unfavorable classes of business.
• Adhere to pricing metrics for sustained book performance and favorable loss history.
• Maintain quality and performance standards as established, such as turnaround and response time.
• Be informed / knowledgeable of industry issues and activities through formal educational processes to develop underwriting skills. PLUS membership or involvement is preferred.
• Identify and cultivate brokers with new business opportunities and build renewal relationships.
• Regular and predictable attendance at meetings with willingness to occasionally travel.
• Assist with training and educating junior level employees.
• Regular and predictable attendance.
• Other duties and special projects as assigned.

Qualifications

Additional Company Details

The position is based in Chicago; in-office four days per week.

We do not accept any unsolicited resumes from external recruiting firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes :

Base Salary Range : $90,000 - 100,000.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

This role is eligible to participate in the annual discretionary bonus program.

Benefits : Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Sponsorship Details

Sponsorship not Offered for this Role

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