Berkley Senior Underwriter in Chicago, Illinois
More than any other, insurance is an industry whose foundation is based on trust – to provide peace of mind. So it is essential that, above all, Berkley Select is a company defined by the attributes that engender trust and confidence among our brokers and agents, and their clients. Berkley Select is the result of bringing together two of the industry’s most respected names in professional liability insurance.
We are a leading provider of professional liability insurance products across a full spectrum of disciplines and industries, for clients of virtually every size and level of complexity.
As a Berkley company, we enjoy operational flexibility that allows us to deliver quality coverage solutions. Berkley Select clients have access to a creative team of dedicated underwriters and the resources of W. R. Berkley Corporation. All member insurance companies are rated A+ (Superior) by A.M. Best Company, and carry Standard & Poor’s Financial Rating of A+ (Strong).
This position is part of the Professional Liability underwriting segment for Berkley Select with a focus on Lawyers, Accountants and supports the achievement of established departmental goals related to profitability, growth, and producer relations. Evaluate risk characteristics to determine potential business opportunities in accordance with guidelines and philosophy. Develop and maintain assigned brokerage relationships.
Manage key and/or target broker relationships and expectations.
Manage the expectations of, and communicate underwriting decisions, requirements, and philosophies to brokerage community.
Maintain producer / agency contact log in electronic databases.
Quarterly travel required (when permitted by WR Berkley)
Assist in distributing business opportunities to underwriting team members to achieve efficient and effective underwriting (based on work flow, ability and priority).
Provide final approval and guidance on risk analysis presented by members of the underwriting department in accordance with authority levels.
Evaluate risk characteristics of submissions to determine business opportunities in accordance with guidelines and company philosophy.
Price, design and recommend policy format for quoted submissions.
Review underwriting documents for accuracy prior to their release to brokers and/or company clients.
Discuss, analyze and interpret Berkley Select policy forms and coverage issues.
Suggest and/or develop policy endorsements to improve Berkley Select’s competitive advantage in the market.
Provide research assistance in analyzing competitor forms.
Discuss, analyze and interpret changes to competitor forms and underwriting appetites.
Assist with training junior members of the underwriting and/or support staff on underwriting procedures.
Provide assistance to management with training and education of the underwriting staff.
Bachelors Degree and a minimum of 6-8 years of professional liability underwriting experience with expertise in Lawyers Liability.
Must have knowledge of management liability insurance policy forms, applicability and issues.
Must be able to conceptualize and analyze financial statements at a college level.
Good written and oral communications skills, including the ability to compose various types of business correspondence.
Must be able to manage multiple priorities, have good analytical skills and the ability to exercise independent judgment.
Must be customer service oriented; a team player; willing to learn; organized; detail oriented and flexible.
Working knowledge of PC’s and other software programs (including Microsoft Word and Excel)
Job ID: 2021-4990
Street: 550 W Jackson Boulevard