What are the responsibilities and job description for the Director, Line of Business Manager position at Berkley?
Company Details
Berkley Mid-Atlantic Insurance Group (BMAG) is a property and casualty insurance provider serving the Mid-Atlantic Region. We are a member of W. R. Berkley Corporation, one of the largest commercial line property casualty insurance holding companies in the United States. With the resources of a large Fortune 500® corporation and the ability to operate with the closeness and flexibility of a small company, we exclusively work with select independent agents to insure the future of business.
Our leadership encourages a culture that empowers employees to question the status quo and seek innovative ways to continue to exceed the expectations of our customers. We believe our strength comes from building an exceptional team that embraces collaboration, growth, and ownership. If you share our vision and want to work for an organization that values your contributions, we want to hear from you.
Company URL: https://www.wrbmag.com/
The company is an equal opportunity employer.
Responsibilities
The Director, Line of Business Manager is responsible for profit and loss of one or more assigned lines of business. The role will provide strategy and direction to underwriting activities and be accountable for profit and growth within the assigned lines of business. The role also includes similar duties for one or more assigned industries within the portfolio.
- Accountable for all aspects of profit and loss for assigned line(s) of business, including monthly reports to leadership.
- Partners with CUO to develop and monitor the overall plans and objectives of the assigned line(s) of business.
- Responsible for portfolio management and development, which includes writing and maintaining underwriting guidelines, rules, and forms.
- Implements underwriting strategies, both short-term and long-term.
- Monitors results, both top line and bottom line, and takes proactive approach in actions, as needed, to maintain or improve overall results.
- Guides and shapes underwriting quality assurance, price, rate and exposure monitoring, price adequacy and risk selection across assigned line(s) of business.
- Responsible for training and development of profit center employees within assigned line(s) of business.
- Assists in the development and implementation of long-term line(s) of business profit and growth strategies.
- Monitors competition regularly with consistent feedback and keeps abreast of industry and line of business developments, particularly those which impact his or her area(s) of responsibility.
- Conduct file reviews, as required, with feedback on areas of improvement.
- Manage overall line(s) of business by analyzing elements including, but not limited to, loss ratio, mix of business, policy count, claim count, severity of losses, premium growth, and return on equity.
- Assists with all aspects of filing, writing, and reviewing rates, rules, and filings within assigned line(s) of business and industry(s).
- As required, could be called up to handle complex underwriting referrals that fall inside assigned line(s) of business.
- Understands Berkley Mid-Atlantic's business, objectives, and growth strategies, including the factors that affect, contribute to, or impede its potential success.
- Communicates regularly, proactively, and effectively with all staff, both as a team and individually.
- Responsible for handling data calls and reinsurance and treaty review and report-outs.
- Within assigned line(s) of business, will monitor and proactively report to leadership on emerging hazards, regulations and legal issues, filings, forms, rates, and rule changes.
- Collaborates actively as a team player across other functional areas of the company including actuary, product, claims, underwriting, and sales as well as other operating units outside Berkley Mid-Atlantic.
Qualifications
- 10 years’ leadership experience in a similar role (advanced book and/or industry management).
- Proven track record of developing and implementing successful, financially measurable objectives and plans.
- Ability to work collaboratively with colleagues to create a dynamic, results-driven environment.
- Bachelor’s degree from a 4-year college or university or equivalent; or more than 15 years related experience and/or training; or equivalent combination of education and experience.
- Valid Driver’s license.
- Professional designations preferred, but not required.
Additional Company Details
We do not accept any 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.
