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AVP, Executive Underwriter - Financial Lines

W. R. Berkley

W. R. Berkley

Marketing & Communications, Accounting & Finance
Berkeley, CA, USA
Posted on Friday, April 12, 2024

AVP, Executive Underwriter - Financial Lines

Location Name IL, Chicago - 550 W Jackson Blvd - 5th Floor
ID
2024-10302
Date Posted
3 weeks ago(5/20/2024 2:49 PM)
Company
Berkley Healthcare Financial Lines
Primary Location
US-IL-Chicago
Loc2
CT, West Hartford - 433 S Main Street Suite 200
Category
Underwriting

Company Details

Do you want to be part of a dynamic and growing organization that encourages creativity, collaboration, innovation and individual expression? Are you an insurance professional who wants to think “outside the box” in creating products, underwriting and servicing customers? Berkley Healthcare Financial Lines (BHFL) is a dynamic, start-up company that encourages a pioneering mindset with the financial backing of a Fortune 500 company. At BHFL, everyone’s voice counts and we expect to hear from everyone. If you want to work in a unique insurance company like no other, come explore career options with us.

As a member company of W. R. Berkley Corporation, Berkley Healthcare has assembled a unique team of multi-disciplinary insurance professionals to take a fresh look at healthcare organization insurance. We pride ourselves on our deep expertise in underwriting, claims and distribution in the healthcare industry insurance market. We understand that the healthcare industry is in a state of rapid evolution; shaped by emerging concepts in technology, law, public welfare and social economics, all with attendant enterprise risk unique to healthcare organizations. We apply cutting-edge insurance concepts to traditional healthcare insurance products. Concepts that embrace the current complexity of the healthcare industry. Concepts that give ultimate flexibility in managing enterprise risk.

This role will be based in our West Hartford, CT or Chicago offices however, we will consider candidates in other major metropolitan areas.

The Company is an equal employment opportunity employer. #LI-AV1 #LI-Remote

Responsibilities

The AVP, Executive Underwriter- Financial Lines is responsible for submission generation, underwriting and policy issuance of Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Fidelity/Crime for large private commercial and not-for-profit healthcare organizations. The underwriting position will be part of the Berkley Healthcare Financial Lines (Management Liability) division of Berkley Healthcare. S/he will be responsible for handling new and renewal, primary and excess business throughout the placement process from underwriting submission receipt to policy issuance.

What you can expect:

  • Culture of innovation, teamwork, supportive colleagues and leaders willing to invest in talent
  • Internal mobility opportunities
  • Visibility to senior leaders and partnership with cross functional teams
  • Opportunity to impact change
  • Benefits – competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education

We'll count on you to:

  • Determine risk acceptability in accordance with underwriting risk appetite and guidelines
  • Prepare thorough underwriting analyses with detailed exposure analysis and independent underwriter assessment
  • Make pricing, coverage, terms and conditions determinations and recommendations within defined limits/authority and underwriting guidelines and authority parameters
  • Develop, grow and maintain a profitable, diversified book of business aligned with company goals
  • Ensure production and loss ratio goals are achieved for assigned book by reviewing, analyzing and evaluating information and taking appropriate action as necessary
  • Develop positive agency relationships within assigned territory while maintaining a good rapport through responsive levels of service
  • Coordinate marketing activities including travel in coordination with Distribution and Marketing Manager
  • Foster growth of less experienced staff in a positive and growth-oriented environment
  • Actively self-educate as to line of business, industry and insurance trends including exposures, claims, legal, legislative, healthcare, current events, self-improvement and innovation

Qualifications

What you need to have:

  • Bachelor’s degree from an accredited university or college
  • 7+ years of current financial lines underwriting experience
  • Healthcare financial lines (management liability) underwriting experience with hospitals and health systems highly preferred
  • Knowledge of financial lines (management liability) products, coverages and policy forms
  • Strong organizational skills required to successfully manage underwriting files and workflow process
  • Customer focused (You excel at relationship building and customer responsiveness)
  • Strong written and oral communication skills (Your communication style is flexible and adapts to the situation)
  • Strong existing broker relationships desired
  • Ability to prioritize tasks and work on a daily basis in response to a dynamic work environment
  • Strong sense of accountability (You can work independently and manage to multiple deadlines)
  • Takes intelligent risks and exercises solid business judgment
  • Solid understanding of business objectives to drive bottom-line results
  • Ability to travel on occasion (<15% of the time) in the performance of duties

What makes you stand out:

  • Customer focus (You excel at relationship building and customer responsiveness)
  • Strong written and oral communication (Your communication style is flexible and adapts to the situation)
  • Ability to prioritize tasks and work on a daily basis in response to a dynamic work environment
  • Adept at shifting between tasks while managing a variety of responsibilities
  • Strong sense of accountability (You can work independently and manage to multiple deadlines)

Additional Company Details

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

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

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.

Sponsorship Details

Sponsorship not Offered for this Role

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