Chief Underwriting Officer bei Berkley
Berkley · Minneapolis, Vereinigte Staaten Von Amerika · Onsite
- Senior
- Optionales Büro in Minneapolis
Berkley Risk is a member company of W. R. Berkley Corporation, an A. M. Best A+ rated Fortune 500 holding company. Berkley is comprised of individual operating units that serve a defined insurance market segment. Berkley Risk is focused on providing self-insured entities program administration services and insurance operations which can include taking or sharing risk using Berkley paper. This capability allows us to customize both an insurance company option and a purely administrative option for our customers.
Responsibilities:We are seeking a highly experienced and strategic Chief Underwriter to lead our underwriting team for self-insured workers’ compensation clients. The ideal candidate will have a deep understanding of workers’ compensation insurance, pool management, and insurance operations. The candidate should also demonstrate strong analytical skills, and a proven track record in underwriting and risk assessment.
- Lead and mentor the underwriting team, ensuring high performance and professional development.
- Participate on the Sr. Management team and help develop the strategic direction for the company.
- Evaluate and assess the risk of self-insured workers’ compensation clients, making informed decisions on coverage and pricing.
- Develop and implement underwriting policies and guidelines to ensure consistency and compliance with regulatory requirements.
- Build and maintain strong relationships with clients, brokers, and other stakeholders to understand their needs and provide tailored insurance solutions.
- Utilize data analytics to monitor trends, identify emerging risks, and adjust underwriting strategies accordingly.
- Ensure all underwriting activities comply with industry regulations and company policies.
- Prepare and present detailed reports on underwriting performance, risk exposure, and market trends to senior management.
- Drive innovation in underwriting practices, leveraging technology and new methodologies to enhance efficiency and accuracy.
- Oversee the management of business pools, ensuring optimal risk distribution and financial stability.
- Manage reinsurance programs, including negotiating terms, securing coverage, and maintaining relationships with reinsurers.
- Underwrite loss accounts, assessing risk and determining appropriate coverage and pricing strategies.
- Develop and manage guaranteed cost workers’ compensation programs, ensuring competitive pricing and comprehensive coverage.
- Oversee multi-line underwriting processes, ensuring comprehensive risk assessment and coverage across various lines of business.
- Prepare information for/participate in quarterly earnings calls with WRBC.
May perform other functions as assigned.
This is an in office role based in Minneapolis, MN.
Qualifications:- Minimum of 10 years of experience in workers’ compensation underwriting, with at least 5 years in a leadership role.
- In-depth knowledge of self-insured workers’ compensation programs and regulatory requirements.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proven ability to lead and develop high-performing teams.
- Proficiency in underwriting software and data analysis tools.
Education
- Bachelor’s degree in Business, Finance, Insurance, or a related field. Advanced degree or professional certifications (e.g., CPCU, ARM) preferred.
