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VP Underwriting, Lead Program Manager

W. R. Berkley

W. R. Berkley

Operations
Rockville, MD, USA
Posted on Saturday, June 29, 2024

VP Underwriting, Lead Program Manager

Location Name WA, Bellevue - Field Address
ID
2024-10359
Date Posted
3 months ago(4/10/2024 9:40 AM)
Company
Berkley Program Specialists
Primary Location
US-WA-Bellevue
Category
Underwriting

Company Details

At Berkley Program Specialists, we are dedicated exclusively to program business and excel at partnering with program administrators who possess significant underwriting expertise for homogeneous, niche classes of business. We enjoy the strength and stability that comes with being a Berkley Company and underwrite our programs through our member insurance companies, which are A+ (Superior), Financial Size Category XV, by A.M. Best.

The company is an equal employment opportunity employer.

Responsibilities

This position is part of Berkley Program Specialists with a focus on program business. In this leadership role it will report to the Chief Underwriting Officer, the VP Lead Program Manager will assist in the managing and developing of various Property and Casualty programs. The leader will work closely with program partners in evaluating risk characteristics to determine potential business opportunities in accordance with guidelines and philosophy. Direct management of assigned programs and all facets related as the main point of contact for BPS.

Work with several other departments such as Actuarial, Regulatory Compliance, Finance, Claims, and IT to maintain the quality, integrity and profitability of assigned programs and in the development of new programs.
-Conduct regularly scheduled underwriting audits of assigned programs.
-Assist with due diligence on new prospective programs.
-Drive overall underwriting discipline and profitability of underwriting portfolio with partners.
-Policy Forms Analysis
-Rating Analysis
-Ensure adherence to underwriting standards, audits, rate adequacy reviews
-Evaluate coverages against competitors and work with business partners to develop/enhance coverage forms
-Coordinates preparing form and rate filing packages with state insurance departments
-Conducts reinsurance reviews as directed and purchase facultative reinsurance as needed.
-Develop and recommend analytics for data mining and program portfolio management.
-Conduct training sessions on underwriting issues.

Qualifications

• Minimum of ten (10) years’ experience underwriting programs
• Ability to define risks associated with the product and determine if pricing is adequate or if risk needs to be declined
• Excellent communication skills
• Prior experience with insurance filings and/or developing coverage wording
• Knowledge of Microsoft Office (Word, Excel, etc.)
• Knowledge of Adobe Acrobat

Education Requirement

• Four (4) year College Degree – Degree in Accounting, Business Administration or Risk Management preferred
• Industry designations preferred: CPCU

Ability and willingness to travel on average 2 times per month. Note this does include overnight stays.

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.

Salary Range - $171K to 250K. 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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