8 VP, Underwriting Jobs in New York, NY
Berkley Professional Liability is Hiring a VP, Underwriting Near New York, NY
Since then, Berkley Professional has enjoyed calculated and consistent growth, while exceeding the needs of our business partners. We provide customized coverage solutions with fairness, responsibility and superior claims servicing. Berkley Professional continues to expand its product capabilities as well as geographic reach in order to better serve the dynamic management liability environment. This growth includes the addition of a dedicated Financial Institutions team as well as an experienced group of Transactional Liability underwriters furthering Berkley Professional’s capabilities.
ResponsibilitiesThe Company is an equal employment opportunity employer. The AVP, Underwriting develops and maintains relationships with key brokers in the Region that allow him/her to analyze existing and prospective accounts in the Financial Services and Real Estate Sectors who are seeking Directors and Officers, Employment Practices, Fiduciary Liability and various FI Professional liability coverages such as Investment Management, Bankers Professional and Insurance Company Professional insurance coverage.
Duties And Responsibilities Include But Are Not Limited To
- Marketing to retail and wholesale national and regional brokers and to end customers both in NY and in assigned regions.
- Preparing thorough underwriting work-ups that contain a detailed financial analysis, claims/legal history, and a review of significant recent corporate events for each new business and renewal account.
- Communicating with brokers during the renewal process to ascertain the client’s renewal expectations and on new business accounts to find the best opportunity for successfully winning the business.
- Participating in client meetings designed to address each account’s risk factors and mitigation approach.
- Working with senior managers to rate and price new/renewal accounts and draft all quote/binder letters and issue the policy.
- Maintaining the underwriting files on all in-force and lost/declined accounts.
- Developing forms, coverages, and pricing models as needed to support the business.
- Coordinating with Senior Management team, Claim, Legal, Regulatory, Finance, Actuarial, and Reinsurance functions in support of the business segment.
- Accurately forecasting and managing to the business plan
- Supporting branding and awareness efforts through trade and industry association events and sponsorship
- 7 years of progressive experience underwriting financial institutions D&O and Professional liability
- Industry designations such as RPLU ideal
- Fluent in policy terms/conditions and how changes to the basic terms/conditions can change the assumed risk.
- Ability to explain underwriting positions to key brokers on a specific insured or in general to generate submissions.
- Financial literacy – analyze income statement, balance sheet, cash flow statement in order to identify risk factors.
- Strong analytical skillset and ability to manage multiple projects and business processes
- Organized, detail oriented and flexible . Maintain thorough and orderly underwriting files that present an accurate representation of a deal that has been bound or a lost/declined opportunity that follows the internal underwriting guidelines and state specific requirements.
- Working knowledge of PCs and other software programs including Microsoft Word and Excel
- BA/BS degree in a related course of study
We do not accept any unsolicited resumes from external recruiting firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees including:
- Base Salary Range: $154k-240K
- Eligible to participate in annual discretionary bonus
- Benefits include: Health, dental, vision, dental, life, disability, wellness, paid time off, 401(k) and profit-sharing plans
Sponsorship Details Sponsorship not Offered for this Role
Job DescriptionAVP, Underwriting - FI.BPRO.Jan 2024
Job Summary
Full Time
Banking
$152k-204k (estimate)
06/19/2024
07/11/2024
berkleypro.com
NEW YORK, NY
50 - 100
2008
BERNARD BEAL
$10M - $50M
Banking
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About Berkley Professional Liability
Berkley Professional was founded in 2008 by a team of management liability professionals with more than 50 years of experience in the insurance and financial services industries. Since our initial large enterprise (Fortune 1500, with annual revenues greater than $500M) offering in the United States and Canada, we have continued to expand into adjacent management and professional liability segments and geographies for both publically traded and private entities. Our current offerings also include financial institutions, small and medium enterprise (with annual revenues of less than $500M), inte...rnational, and sponsored insurance agents. We can now meet the needs of commercial and financial institutions, whether large or small, blue chip or distressed risk, on a global basis. Berkley Professional brings underwriting acumen and claims handling expertise to the management liability marketplace. Building close and extensive relationships with policyholders and brokers allows us to use our specialized skills to meet the needs of our customers effectively and efficiently. Consistently valued for our excellent customer service and product knowledge, we continue to focus on growing our underwriting strength and service capabilities. We are dedicated to providing creative solutions and stable capacity to our policyholders and brokers.
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The job skills required for VP, Underwriting include Underwriting, Financial Services, Financial Analysis, Team Management, etc. Having related job skills and expertise will give you an advantage when applying to be a VP, Underwriting. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by VP, Underwriting. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for VP, Underwriting positions, which can be used as a reference in future career path planning. As a VP, Underwriting, it can be promoted into senior positions as a Chief Underwriting Officer that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary VP, Underwriting. You can explore the career advancement for a VP, Underwriting below and select your interested title to get hiring information.
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