What are the responsibilities and job description for the E&S Construction Executive Underwriter position at Vela Insurance Services (a Berkley Company)?
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.
Responsibilities
To 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. Manage and maintain good Wholesale Broker relationships. Meet and maintain the production, profitability, and service standards established for the company.
To 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. Manage and maintain good Wholesale Broker relationships. 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.
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.
Benefits
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
The application window for this role is estimated to be open through February 15, 2025, but may be extended, if necessary, please submit your application as soon as possible prior to February 15, 2025.
Sponsorship Details
Sponsorship not Offered for this Role
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.
Responsibilities
To 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. Manage and maintain good Wholesale Broker relationships. Meet and maintain the production, profitability, and service standards established for the company.
To 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. Manage and maintain good Wholesale Broker relationships. 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.
- 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.
- Perform other duties as assigned.
- Regular and predictable attendance.
- (4) year College Degree, or commensurate experience and training.
- Minimum of 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.
- The Company is an equal employment opportunity employer.
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.
Benefits
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
- Base Salary Range: $108, 900 – $160,000
- Eligible to participate in annual discretionary bonus.
- Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.
The application window for this role is estimated to be open through February 15, 2025, but may be extended, if necessary, please submit your application as soon as possible prior to February 15, 2025.
Sponsorship Details
Sponsorship not Offered for this Role
Salary : $160,000 - $900,000