Executive Underwirter
About the role
Berkley Southeast is a member company of W. R. Berkley Corporation, a Fortune 500 Company, whose insurance company subsidiaries are rated A+(Superior) by A. M. Best Company. BSIG provides local underwriting, risk services, claim, marketing and audit services for agents and policyholders in Alabama, Georgia, Mississippi, South Carolina, North Carolina and Tennessee. We take a broad approach to underwriting for ‘best in class’ businesses, primarily in: construction, light manufacturing, wholesale, distribution and business service industries.
Responsibilities
- Evaluate, select, price, and maintain commercially underwritten risks within delegated authority levels to ensure risk acceptability and profitability.
- Partner closely with agents and Territory Managers to manage complex books of business.
- Support marketing activities and serve as a technical mentor and resource to other underwriters.
- Analyze commercial lines accounts based on individual risk characteristics, exposure analysis, hazard recognition, and control.
- Apply underwriting guidelines to ensure compliance with state regulations.
- Accept, reject, or modify new and renewal business within delegated authority levels to maintain a profitable book of business.
- Price business in accordance with company underwriting and pricing guidelines.
- Assist less experienced underwriters with high hazard or more complex accounts.
- Use creativity and underwriting knowledge to write risks and retain desirable business.
- Partner with Territory Managers to support marketing activities and develop ongoing relationships with agents.
- Discuss market appetite, submission quality and profitability, service standards, and underwriting or product changes with agents.
- Communicate underwriting decisions on cancellations, declinations, exposure concerns, and survey results to agents.
- Identify agency or book-level issues or patterns and drive resolutions or improvements.
- Participate in agency planning and review processes.
- Identify sales and marketing opportunities as appropriate.
- Take a lead role in Key Account review and recommendations.
- Travel, with or without Territory Managers, to assigned agent locations to develop and strengthen agency partnerships.
- Train and educate agency staff on company products, services, processes, and underwriting philosophy.
- Assist in training and serve as a technical resource to other underwriters as needed.
- Attend industry workshops and meetings each year.
- Work with and protect confidential and proprietary customer and company information.
- Perform other duties as assigned.
Qualifications
- Minimum of 10+ years commercial lines underwriting experience, including but not limited to CGL, Property, Packages, BOP, Auto, Crime, IM, Umbrella and/or WC.
- Comprehensive knowledge of commercial lines products and contracts, including regulatory and policy differences among applicable states.
- Good organizational skills with the ability to handle multiple tasks and effectively prioritize.
- Demonstrated depth in negotiation, analytical, and problem-solving skills.
- Strong computer skills and ability to work with multi-faceted systems.
- Ability to effectively and independently manage a complex workload while exhibiting very sound judgment.
- Excellent written and verbal communication skills.
- Demonstrated ability to develop and maintain relationships with agents and other departments.
- Strong teamwork and collaboration skills.
- Proficiency in commercial lines underwriting, risk evaluation and selection, risk pricing, profitability management, exposure analysis, and hazard recognition and control.
- Experience in agency relationship management, marketing support, and training and mentoring.
- CPCU designation or other equivalent coursework preferred.
- Four-year college degree or equivalent combination of education and work experience.
Benefits
- Base Salary Range: $96,000-$179,000
- Eligible to participate in annual discretionary bonus.
- Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.
Pay
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.
Schedule
Location and Travel: Meridian, MS. Travel to assigned agent locations as needed.