Chief Underwriting Officer (EVP, SVP, VP)
W. R. Berkley Corporation · Greenwich, CT · 2 mo ago
FinanceFull-time
Responsibilities
- Oversee the development and management of all aspects of underwriting strategy, aligning with the overall strategic plan, and translating the strategy into clear underwriting guidelines and limits of authority.
- Establish underwriting authority levels and referral processes that both streamline decision-making and ensure underwriting excellence.
- Develop pricing and underwriting strategies to attain and improve profitable growth.
- Develop an efficient set of processes that deliver creative, customized underwriting and risk management solutions while meeting the expectations of our partners.
- Set strategic process for identifying, evaluating and managing emerging risks.
- Develop and manage both internal and external relationships in a way that strengthens trust in the business partnership.
- Manage the portfolio to reflect an appropriate balance between segments and diversification of line of business.
- Devise strategies and protocols to grow profitably during all market cycles.
- Establish policies and direct the analysis of information to support the development of products, services, and/or new programs (i.e., research and identify target businesses, competitor information, analyze industry and economic factors, etc.).
- Lead, direct, and has management accountability for corporate underwriting team with emphasis on building organizational capability, talent management, and promoting a culture of superior portfolio management and product underwriting.
- Assist in the maintenance of forms and rate filings for specific segments of business.
- Development, implementation, and maintenance of authority statements.
- Drafting of authority for other department managers and any relevant relationships.
- Lead for internal underwriting audit.
- Responsible for underwriting document filings, accuracy of data entries to systems and contract integrity for accounts underwritten.
- Meet as needed with the Senior Leadership Team and President to analyze, recommend, and report on the progress of objectives.
- Provide the leadership mentoring and guidance necessary to build and sustain a high performing workforce.
- Anticipate and plan for the future, with the capacity to collaborate with other senior management team members in a way that fosters innovation.
Qualifications
- BA/BS degree in a related field is ideal.
- Minimum of 10 years commercial insurance underwriting experience including products, property, workers compensation and automobile.
- Demonstrated ability to provide strategic and tactical leadership to a team of talented professionals.
- Demonstrated organizational skills, working with integrity and great strategic foresight - challenging norms while working collaboratively with colleagues at all levels of the organization.
- Strong interpersonal relationship and communication skills, as well as a desire to collaborate, build rapport, add value and effectively problem-solve with their direct support teams and the teams of the company.
- Exhibits a track record for finding innovative ways to bring teams together to problem-solve for greatest efficiency and effectiveness.
- Supportive and dedicated to solving the strategic and tactical execution needs of each respective company.
- Agile and decisive; can work with an ambiguous, fast-moving environment while also leading to clarity and solutions; adapts quickly and effectively to change.
- Well-versed in presentations, accustomed to addressing agents, vendors, and partners.
- Ability to influence and persuade through advanced written and verbal communication skills.
- Ability to travel up to 20% of time if necessary.
Additional Company Details
We do not accept any unsolicited resumes from external recruiting agencies. Sponsorship Details Sponsorship not Offered for this Role.