Berkley

Director, Underwriting

Berkley$100K — $130K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of experience underwriting workers compensation risks up to $750,000
  • Supervision and mentoring experience preferred for underwriting teams
  • Knowledge of workers compensation ratemaking principles
  • Strong analytic, communication, and negotiation skills
  • Proficient in Microsoft Office, Power BI, and data analytics tools
  • Exceptional problem solving and interpersonal skills
  • Capability to influence and work both independently and collaboratively
  • Forward-thinking mindset with independent thinking capabilities

Responsibilities

  • Develop and execute the company's underwriting strategies and principles
  • Oversee compliance with regulatory requirements and internal standards
  • Conduct market analysis to inform strategic planning
  • Facilitate action plans aligned with strategic goals
  • Underwrite and grow a profitable book of business with targeted pricing
  • Build relationships with distribution partners and facilitate communication
  • Provide feedback and coaching to enhance team performance
  • Implement talent management strategies for employee engagement and development

Benefits

  • Health, dental, and vision insurance
  • Life and disability insurance
  • Wellness programs
  • Paid time off
  • 401(k) retirement plan
  • Profit-sharing plans
Full Job Description
Responsibilities

As the Director of Underwriting, you will be responsible for the influence of the company’s underwriting strategies, business plans, and consistent execution of our underwriting principles and standards. We’ll look to you for development of the Underwriting staff to empower them to deliver results in a professional, efficient and effective manner that aligns with business goals and objectives, along with being part of the strategic planning for the department. 

  • Profitability; Pricing; Risk Selection; Risk Appetite; Renewal Retention; Compliance; Establishing and Monitoring Underwriting Guidelines; Monitoring SOX Compliance; Monitoring Authority of Underwriting Staff; Expense Management; and Underwriting Book, State & Industry Analysis
  • Involved in the underwriting activities to facilitate compliance with filings, regulatory requirements, internal standards and internal audit requirement
  • Conduct market analysis and trend evaluations which will summarize underwriting activities, market conditions and other information that is pertinent to strategic planning
  • Work to assist in the action plans around strategic goals
  • Underwrite, maintain, and grow a profitable book of business including the development and execution of pricing targets
  • Develop as a “Go-to person” for other departments as well as a conduit for communication amongst other areas
  • Create and maintain relationships with our distribution partners
  • Facilitate feedback from Staff to Sr. Leadership as a springboard for feedback
  • Collaborate with internal team members to deliver an excellent customer experience for our distribution partners and insureds
  • Foster an environment of learning coupled with accountability, including working with direct reports and skip level staff on development plans and growth opportunities
  • Work alongside Regional Underwriting to assess market feedback and work to develop plans of action
  • Provide timely coaching and feedback to drive and manage individual and team performance
  • Assess talent, identify employee development and training needs, and collaborate with HR partners, leadership and individual employees to establish goals and create development plans  
  • Execute talent management strategies to improve employee engagement, job satisfaction, and foster a psychologically safe work environment
  • Analyze and evaluate portfolio metrics and communicate results with executive teams and relevant internal departments suggesting changes based on this data as needed
  • Assist in the creation and execution of annual department budgets
Qualifications

Skills/Experience

  • 7+ years of experience underwriting workers compensation risks up to $750,000
  • Supervision, mentoring, development of underwriting team preferred
  • Knowledge of workers compensation ratemaking principles to effectively utilize actuarial resources
  • Excellent analytic, communication and negotiation skills
  • Effective user of Microsoft Office, Power BI and other data analytical tools
  • Effective active listening, problem solving mindset and interpersonal skills for developing and strengthening team and client relationships
  • Strong business acumen to understand performance metrics, develop and implement profitable growth strategy
  • Ability to influence, capable of working independently and interdependently
  • Ability to work in a team environment to support others for growth and development
  • Independent thinker with a forward-thinking mindset

Travel Requirements

  • Low to moderate level of domestic U.S. travel (up to 10% - 20% of time)
The company offers a competitive compensation plan and robust benefits package for full time regular employees. Base salary & Benefits include 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. Sponsorship DetailsSponsorship not Offered for this Role

About Berkley

Berkley is a packaging company that develops innovative solutions to help our customers sell more product and be on the edge. Berkley offers the cost advantages and creative control of an in house/on site agency without the risk and hassle of oversight. Berkley develops turnkey retail environments – including design, manufacturing and installation services.

Berkley Careers

Joining Berkley presents a prime opportunity to be part of a team renowned for its leadership in the industry, fostering innovation and growth. Berkley, a company committed to professional excellence and diversity, offers a range of job opportunities that cater to various skills and career aspirations.

Explore Job Opportunities

Berkley is actively hiring, seeking individuals who are passionate, driven, and ready to contribute to a dynamic team environment. With a variety of positions available, Berkley provides a platform for professionals at every stage of their career, from entry-level to senior leadership roles.

Internship Programs

Kickstart a career with Berkley through comprehensive internship programs designed to provide hands-on experience in a real-world setting. Internships at Berkley are a gateway to full-time employment, offering invaluable industry exposure and networking opportunities.

Professional Growth and Development

Berkley is dedicated to the continuous professional development of its team members. The company supports career advancement through leadership training programs, workshops, and seminars that enhance skills and foster innovation.

Diversity and Inclusion

At Berkley, diversity is celebrated and actively promoted through various initiatives and diversity training programs. The company believes that a diverse workforce is key to driving creativity and innovation.

Benefits and Culture

Employees at Berkley enjoy a range of benefits designed to support their professional and personal lives. The company culture emphasizes teamwork, respect, and integrity, creating an environment where everyone can thrive.

Applying for a Position

To apply for a position at Berkley, candidates are encouraged to submit a resume that highlights relevant experience and skills. The interview process is designed to assess not only professional qualifications but also a candidate's fit with Berkley's culture and values.

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51 employees
Industry

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