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AVP Underwriting, Lead Program Manager job in Naperville

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Naperville, Illinois - IL Berkley

Job Ref:  10359
Employer:  Berkley
Sector:  P&C/General Insurance/Non-Life
Qualifications:  Fully Qualified Actuary
Software:  Excel
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  United States
State/Province/County:  Illinois - IL
City:  Naperville
Post Code:  60563
Map: 

Description

Company Details

At Berkley Program Specialists, we are dedicated exclusively to program business and excel at partnering with program administrators who possess significant underwriting expertise for homogeneous, niche classes of business. We enjoy the strength and stability that comes with being a Berkley Company and underwrite our programs through our member insurance companies, which are A+ (Superior), Financial Size Category XV, by A.M. Best.

The company is an equal employment opportunity employer.

Responsibilities

The AVP, Lead Program Manager reports to the Chief Underwriting Officer and assists in the managing and developing of various Property and Casualty programs. S/he works closely with program partners in evaluating risk characteristics to determine potential business opportunities in accordance with guidelines and philosophy. Key functions include but are not limited to:
  • Works with several other departments such as Actuarial, Regulatory Compliance, Finance, Claims, and IT to maintain the quality, integrity and profitability of assigned programs and in the development of new programs.
  • Responsible for underwriting referrals for assigned programs.
  • Conduct regularly scheduled underwriting audits of assigned programs.
  • Assists with due diligence on new prospective programs.
  • Drives overall underwriting discipline and profitability of underwriting portfolio with partners.
  • Conducts Policy Forms and Rating Analyses
  • Ensures adherence to underwriting standards, audits, rate adequacy reviews
  • Evaluates coverages against competitors and works with business partners to develop/enhance coverage forms
  • Coordinates preparation of form and rate filing packages with state insurance departments
  • Conducts reinsurance reviews as directed and purchases facultative reinsurance as needed.
  • Develops and recommends analytics for data mining and program portfolio management.
  • Conducts training sessions on underwriting issues.


Qualifications

  • Four (4) year College Degree - Degree in Business Administration or Risk Management preferred
  • Minimum of ten (10) years' experience Commercial multiline underwriting experience
  • Background with admitted and non-admitted insurance preferred.
  • Industry designations preferred: CPCU, AU
  • Ability to define risks associated with the product and determine if pricing is adequate or if risk needs to be declined
  • Excellent communication skills
  • Prior experience with insurance filings and/or developing coverage wording
  • Knowledge of Microsoft Office (Word, Excel, etc.) and Adobe Acrobat
  • Must be willing and able to travel


Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms.

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
ref: (10359)
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