What are the responsibilities and job description for the Senior Underwriter position at Berkley?
Company Details
Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following four market segments.: Construction, Specialty Casualty, Velocity Small Business & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.
Responsibilities
The E&S Construction Underwriter will evaluate (selection and pricing) and maintain (control) risk acceptability and profitability within the company’s underwriting guidelines and procedures for commercial risks with a focus on non-admitted General Liability for middle market construction risks. The selected candidate will also manage and maintain strong wholesale broker relationships plus meet and maintain the production, profitability, and service standards established for the company. This role can be located in our Scottsdale, AZ or Chicago, IL offices, or remote locations in Colorado, Washington or Oregon.
Overview:
- Adhere to underwriting authority level as per on file with Manager.
- Gather underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite for profit.
- Meet/Exceed production, profitability, and service targets.
- Ability to research and solve more complicated problems and make decisions.
- Determine final coverages and pricing for commercial risks.
- Review claims and loss information on individual risks. Use this information to identify and re-evaluate accounts and develop strategy for dealing with exposures and frequency issues.
- As a team with the Manager, manage the portfolio profitability and identify favorable and unfavorable classes of business.
- Maintain quality and time standards as established.
- Be informed/knowledgeable of industry issues and activities through formal educational processes to develop underwriting skills.
- Identify and cultivate brokers with new business opportunities.
- Regular and predictable attendance.
Perform other duties as assigned.
Qualifications
- BS/BA, or commensurate experience and training.
- Minimum of 5-10 years’ commercial lines underwriting experience.
- Strong experience in Excess & Surplus Lines and Wholesale Brokerage Distribution.
- CPCU and/ or other professional designations preferred.
- Experience writing supported excess is preferred.
#remote
Additional Company Details
Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following four market segments.: Construction, Specialty Casualty, Velocity Smal Business & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve. The Company is an equal employment opportunity employer. https://www.vela-ins.com/Additional Requirements
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 which for this role include: • Base Salary Range: $79,000 – $132,000 • Eligible to participate in annual discretionary bonus. • Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. 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. The application window for this role is estimated to be open through March 15, 2025, but may be extended, if necessary, please submit your application as soon as possible prior to March 15, 2025.Sponsorship Details
Sponsorship not Offered for this RoleSalary : $79,000 - $132,000
