VP, Underwriting, Eastern Region Field Operations

Rutherford, NJ, United States

Company Details

Berkley Luxury Group has been a mainstay in the commercial real estate and hospitality business since 1986. We specialize in luxury condominiums, cooperatives, and apartments in the habitational space, Class A Office buildings and fine dining restaurants in the hospitality space. We aim to provide comprehensive insurance solutions, use enhanced data and technology to make more informed decisions and rely on a field-based underwriting, claims and loss control model to be closer to our customers and brokers. Our goal is to provide superior services and products to these unique businesses.

As a Berkley company, we enjoy operational flexibility that allows us to deliver quality coverage solutions. W. R. Berkley Corporation, and all member insurance companies, are rated A+ (Superior) by A.M. Best Company and carry Standard & Poor's Financial Rating of A+ (Strong).

The company is an equal opportunity employer.

Responsibilities

The VP Underwriting for the Eastern Region leads and manages the end-to-end underwriting process with a focus on operational excellence, people management/staff development (including sales and negotiation skills), strong technical expertise. S/he will further establish the Berkley Luxury Group brand across developing territories by presence, engagement, and risk management. Key functions include but are not limited to:

* Executes identified strategies to achieve target ROE and profitability* Manages the work activities, performance and development of underwriting staff (UT, UA and Underwriters)* Coaches, leads and develops underwriters and participates in the development of underwriting training, underwriting guidelines and best practices* Owns the complex/large accounts process* Identifies and addresses emerging underwriting trends and proposes and executes mitigation plans as required* In collaboration with the Business Development Leader, drives:* Market analysis (demographics, potential, experience by line of business, resource needs)* Identification of brokers/establishing broker relationships in potential new territories* Development of competitive information* Drives operational excellence through modernization and improvements within the Underwriting platforms and workflows* Expense Management Accountability for Underwriting* Leads Underwriting Staff in broker management and development activities

Qualifications

* Bachelor's degree required.* Ten + years of P&C underwriting experience with expertise in commercial property and casualty preferred.* Ability to effectively lead, coach and develop all levels of underwriting staff* Must be intellectually curious, have advanced analytical and problem-solving skills, ability to multi-task and to independently prioritize competing demands/requests within given time constraints.* Proven experience in driving operational excellence* Advanced technical expertise and knowledge in the insurance field, with experience underwriting property and casualty lines of business, and a broad understanding of the critical issues in other related areas* Strong written and verbal communication, negotiation and interpersonal skills and the ability to effectively interact with all levels of CSM internal and external business partners and build consensus.* Ability to exercise independent judgment and effectively make sound business decisions.* Ability to creatively resolve unique and challenging business problem

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies. 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 Responsibilities The VP Underwriting for the Eastern Region leads and manages the end-to-end underwriting process with a focus on operational excellence, people management/staff development (including sales and negotiation skills), strong technical expertise. S/he will further establish the Berkley Luxury Group brand across developing territories by presence, engagement, and risk management. Key functions include but are not limited to: - Executes identified strategies to achieve target ROE and profitability - Manages the work activities, performance and development of underwriting staff (UT, UA and Underwriters) - Coaches, leads and develops underwriters and participates in the development of underwriting training, underwriting guidelines and best practices - Owns the complex/large accounts process - Identifies and addresses emerging underwriting trends and proposes and executes mitigation plans as required - In collaboration with the Business Development Leader, drives: - Market analysis (demographics, potential, experience by line of business, resource needs) - Identification of brokers/establishing broker relationships in potential new territories - Development of competitive information - Drives operational excellence through modernization and improvements within the Underwriting platforms and workflows - Expense Management Accountability for Underwriting - Leads Underwriting Staff in broker management and development activities

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