Sr. Production Underwriter
Berkley Luxury Group (a Berkley Company) · New York, NY · 1 wk ago
Finance$82k–$152k/yrFull-time
Responsibilities
- Inforce Portfolio Management And Underwriting Execution
- Responsible for new and renewal underwriting execution, including selecting risks in line with BLG’s strategy and underwriting guidelines, operating within authority and documentation guidelines, following up on accounts and closing new business.
- Planning and budgeting for the book of business, tracking and reporting performance to plan, and developing a clear view of market conditions and competitive landscape.
- Provides guidance and assistance to other underwriters and to other functional areas.
- Maintains production, hit ratios, renewal retention ratios, spread of risk and other production and quality measures.
- Makes sure to stay updated on state/territory issues, regulations and trends.
Broker Relationships And Business Development
- Develops trusted, respected and lasting relationships with agent partners through visitations and regular connections.
- Accountable for tracking of progress and positioning BLG within an agency.
- Evaluates the performance of assigned agencies on an ongoing basis to ensure company and agency goals are met.
- Participates in review and evaluation of agencies and makes recommendations on agency management issues.
- Communicates corporate goals, programs, underwriting policies, procedures, best practices and guidelines to agents.
- Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues as necessary.
- Negotiates with agents to reach positive and profitable outcomes.
- Delivers exceptional, timely, complete and accurate service.
- Works with agents to craft best solutions for their clients.
- Notifies brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations and underwrites empathetically at all times.
Qualifications
- Bachelor’s Degree or equivalent job-related experience.
- Minimum of 5 years underwriting experience.
- Demonstrated technical underwriting expertise and product specific knowledge (Property, Liability, Auto, and Umbrella).
- Strong analytical and problem-solving skills in addition to strong interpersonal, communication & negotiation skills.
- Solid knowledge of underwriting and insurance industry theories and practices.
- Strong written and verbal communication, negotiation and interpersonal skills and the ability to effectively interact with all levels of internal and external business partners.
- Ability to multi-task and to independently prioritize competing demands/requests within given time constraints.
- Ability to work independently.
- Ability to exercise independent judgment and effectively make sound business decisions.
- Proficiency in Microsoft Office Suite.