Chief Underwriting Officer na Berkley

Company Details:

 

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.

Additional Company Details:The Company is an equal employment opportunity employer.We do not accept unsolicited resumes from third party recruiting agencies or firms.The company offers a competitive compensation plan and robust benefits package for full time regular employees including:• Base Salary Range: $175k-$250k• Benefits include annual bonus eligible, health, dental, vision, dental, life, disability, wellness, paid time off, 401(k) and profit-sharing plansThe 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.Additional Requirements:Reside within commutable distance to Minneapolis, MN or willingness to relocate. Travel: Occasional Candidatar-se agora