At a Glance
- Tasks: Lead underwriting efforts to drive profitable growth and manage key producer relationships.
- Company: Berkley Custom specializes in tailored insurance solutions for diverse clients, focusing on long-term partnerships.
- Benefits: Enjoy a competitive salary, robust benefits package, and a supportive work culture.
- Why this job: Join a team of industry experts dedicated to innovative risk solutions and superior service.
- Qualifications: Bachelor's degree preferred; 5-7 years in Excess Casualty insurance with strong relationship-building skills.
- Other info: No sponsorship offered; we value integrity, excellence, and respect in our workplace.
The predicted salary is between 43200 - 72000 £ per year.
Company Details
From middle market to Fortune 500 companies, Berkley Custom’s team is committed to providing excellent service and a consistent approach to meet the needs of their brokers and their customers, bringing specific expertise in excess casualty as well as a variety of targeted primary and excess programs.
They seek to outperform competitors with focus and deep understanding of their client’s priorities and by developing creative risk solutions to meet their long-term needs. Their key differentiators include the following:
EXCLUSIVE PARTNERSHIPS – Berkley Custom works exclusively with the wholesale brokerage community as well as their program partners, and continually builds upon long established relationships with a passion for superior service for their appointed producers.
INDUSTRY PROFESSIONALS – Berkley Custom attracts and retains professionals with significant experience in their field, many with over 25 years in the business. Their culture values and promotes deep industry knowledge, integrity, excellence, and respect.
LONG-TERM APPROACH TO ACCOUNTS – Berkley Custom continually seeks partners for the long term who share their values and risk management discipline.
Long-term relationships have been their management’s trademark in over 30 years of serving customers in the E&S and Program marketplace. Their team is dedicated to serving the varied casualty exposure needs of their brokers and their customers. By truly understanding risk exposures in a constantly changing global environment, they can better work with you to keep risk placement recommendations current and responsive.
The company is an equal employment opportunity employer.
Responsibilities
The Director of Underwriting will promote profitable written premium growth and favorable loss ratios in accordance with Berkley Custom Best Practices, Underwriting Guidelines, Line of Business risk appetite, and personal Underwriting Authority. Key functions include but are not limited to:
- Evaluation, rating, and pricing of New Business and Renewal risks.
- Preparation of Declination correspondence (when required).
- Completion/updating of data entry fields in Workflow Management System.
- Adherence to BCIM Best Practices, Underwriting Guidelines, Line of Business risk appetite, and personal Underwriting Authority.
- Development, maintenance, and management of assigned producer relationships through visitations and regular customer contact.
- Solicitation of additional information when needed.
- Evaluation of the performance of producer relationships to ensure company and agency goals are met.
- Awareness and maintenance of personal production and quality measures.
- Coordination of Loss Control services (as needed)
- Act as liaison with claims/finance/accounting as needed.
Qualifications
- Bachelor’s Degree from a four-year college or university preferred.
- 5 – 7 years of Excess Casualty insurance experience ideally focusing on small to middle market commercial accounts.
- Demonstrated success developing relationships ideally with insurance wholesale partners .
- Computer skills including Microsoft Word, Microsoft Excel, and other related programs.
- Understanding of BCIM Best Practices, Underwriting Guidelines and Line of Business risk appetite.
- Ability to make sound judgments based on both written and observed factors where only limited standardization exists.
- Awareness of the overall market conditions and BCIM’s competitors.
- Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations.
- Ability to effectively write reports and business correspondence.
- Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
- Functional understanding of all required systems and processes.
- Professional and effective communication skills.
- Ability to work both independently and in a team environment.
Additional Company Details
We do not accept unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full-time regular employees. 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.
Sponsorship Details
Sponsorship not offered for this role.
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Director, Underwriting employer: W. R. Berkley Corporation
Contact Detail:
W. R. Berkley Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director, Underwriting
✨Tip Number 1
Make sure to highlight your experience in excess casualty insurance, especially if you have worked with small to middle market commercial accounts. This will show that you understand the specific needs of Berkley Custom's target clients.
✨Tip Number 2
Focus on demonstrating your relationship-building skills. Since the role emphasizes developing and maintaining producer relationships, be prepared to discuss how you've successfully managed partnerships in the past.
✨Tip Number 3
Stay updated on current market conditions and competitors in the insurance industry. Showing that you are aware of the broader landscape will help you stand out as a candidate who can make informed decisions.
✨Tip Number 4
Prepare to discuss your understanding of underwriting guidelines and best practices. Being able to articulate how you apply these principles in your work will demonstrate your fit for the Director of Underwriting position.
We think you need these skills to ace Director, Underwriting
Some tips for your application 🫡
Understand the Company: Dive deep into Berkley Custom's values and mission. Familiarize yourself with their approach to underwriting and their focus on long-term relationships. This understanding will help you tailor your application to align with their culture.
Highlight Relevant Experience: Emphasize your 5-7 years of Excess Casualty insurance experience, particularly with small to middle market commercial accounts. Provide specific examples of how you've successfully developed relationships with insurance wholesale partners.
Showcase Your Skills: Make sure to mention your proficiency in Microsoft Word, Excel, and any other relevant software. Highlight your ability to analyze market conditions and make sound judgments based on limited information, as these are crucial for the role.
Craft a Strong Cover Letter: Write a compelling cover letter that not only summarizes your qualifications but also expresses your enthusiasm for the position. Discuss how your professional communication skills and ability to work independently and in teams make you a great fit for Berkley Custom.
How to prepare for a job interview at W. R. Berkley Corporation
✨Showcase Your Industry Knowledge
Demonstrate your deep understanding of the excess casualty insurance market and how it relates to small to middle market commercial accounts. Be prepared to discuss current market conditions and how they impact underwriting decisions.
✨Highlight Relationship Management Skills
Since the role emphasizes developing and maintaining producer relationships, share specific examples of how you've successfully built long-term partnerships in previous roles. This will show your alignment with Berkley Custom's values.
✨Prepare for Technical Questions
Expect questions related to underwriting guidelines, risk appetite, and best practices. Brush up on your technical knowledge and be ready to explain how you would evaluate and price risks effectively.
✨Communicate Effectively
Strong communication skills are crucial for this position. Practice articulating your thoughts clearly and concisely, especially when discussing complex topics like risk management and loss control services.