Jobs · Finance

Senior Production Underwriter

Berkley Luxury Group (a Berkley Company) · Chicago, IL · 1 wk ago
RemoteRemoteFinance$100k–$150k/yrFull-time

Berkley Luxury Group is an operating unit of W.R. Berkley Corporation, one of America’s largest commercial lines writers. We offer tailored, all-inclusive insurance solutions for luxury condo, co-op, rental properties, and fine dining restaurants. Our team of seasoned underwriting and claim professionals specializes in these niches, maintaining a stable market approach for over 30 years. We prioritize prompt and fair claim settlements and treat insureds and brokers as partners. Additionally, we provide value-added consultative risk management services to assist customers in managing risk. As a Berkley company, we enjoy operational flexibility to deliver quality coverage solutions. W. R. Berkley Corporation and all member insurance companies are rated A+ (Superior) by A.M. Best Company and carry a Standard & Poor’s Financial Rating of A+ (Strong).

Responsibilities

  • Inforce Portfolio Management and Underwriting Execution:
    • Handle new and renewal underwriting, selecting risks in line with Berkley Luxury Group’s strategy and guidelines.
    • Operate within designated authority, follow documentation guidelines, and close new business.
    • Plan and budget for the book of business, track performance, and report against plan.
    • Develop a clear view of market conditions and competitive landscape.
    • Provide guidance to other underwriters and functional areas.
    • Monitor production, hit ratios, renewal retention, spread of risk, and other quality measures.
    • Stay current on state/territory issues, regulations, and trends.
  • Broker Relationships and Business Development:
    • Develop trusted, lasting relationships with agent partners through regular interactions.
    • Track progress and position Berkley Luxury Group within agencies.
    • Evaluate assigned agencies to ensure alignment with company and agency goals.
    • Participate in agency reviews and make recommendations on management issues.
    • Communicate corporate goals, programs, policies, procedures, and best practices to agents.
    • Prepare quotes, answer questions from agencies or policyholders, and escalate issues as needed.
    • Negotiate with agents to achieve profitable outcomes.
    • Deliver exceptional, timely, and accurate service.
    • Collaborate with agents to craft optimal solutions for clients.
    • Notify brokers of adverse underwriting decisions, rate appeals, requirements, status, and declinations while underwriting empathetically.

Qualifications

  • Bachelor’s Degree or equivalent job-related experience.
  • Minimum of 5 years of underwriting experience.
  • Demonstrated technical underwriting expertise and product-specific knowledge (Property, Liability, Auto, and Umbrella).
  • Strong analytical, problem-solving, interpersonal, communication, and negotiation skills.
  • Proven proficiency in sales and marketing.
  • Solid knowledge of underwriting and insurance industry theories and practices.
  • Ability to multi-task, prioritize competing demands, and work independently.
  • Proficiency in Microsoft Office Suite.

Benefits

  • Base Salary Range: $100,000 - $150,000 (actual salary determined by scope, complexity, location, skills, education, and experience).
  • Eligibility to participate in the annual discretionary bonus program.
  • Comprehensive benefits package including:
    • Health, Dental, and Vision insurance.
    • Life and Disability coverage.
    • Wellness programs.
    • Paid Time Off.
    • 401(k) and Profit-Sharing plans.

This role is remote and can be located in OH, IL, or MD/DC. Sponsorship is not offered for this position.

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