Senior Production Underwriter
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
- Profitably grow a book of business by partnering with brokers and collaborating with colleagues across the organization.
- Plan and budget for the book of business, develop and maintain agency relationships, and execute underwriting decisions using underwriting rules and designated authority.
- Perform new and renewal underwriting, selecting risks in line with BLG’s strategy and guidelines, operating within authority, and ensuring proper documentation.
- Track and report performance to plan, monitor market conditions, and analyze the competitive landscape.
- Provide guidance to other underwriters and functional areas, monitor production, hit ratios, renewal retention, and spread of risk.
- Stay current on state/territory regulations, trends, and issues.
- Develop trusted, lasting relationships with agent partners through regular communication and visitations.
- Track progress and position BLG within agencies, evaluate agency performance, and make recommendations on management issues.
- Communicate corporate goals, programs, policies, procedures, and best practices to agents.
- Prepare quotes, answer questions from agencies and policyholders, and escalate issues as needed.
- Negotiate with agents to achieve profitable outcomes.
- Deliver exceptional, timely, and accurate service to agents and clients.
- Collaborate with agents to craft optimal solutions for their clients.
- Notify brokers of adverse underwriting decisions, rate appeals, requirements, status updates, and declinations while maintaining empathy.
Requirements
- 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.
- 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, Vision, Life, and Disability insurance.
- 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.