Underwriting Consultant - Meridian, United States - Berkley

Description

Company Details

Berkley North Pacific is a regional insurance company that offers niche products and specialized coverages through local independent agency partners. We differentiate ourselves in the marketplace with our customer-obsessed approach that exceeds timeliness and responsiveness expectations. With local leadership, conversational underwriting, and responsive claims services, we truly are relationship driven. Our mission is to provide financial protection to our customers by offering premier insurance solutions, products, and services through our select independent agents. BNP is a proud member of W. R. Berkley Corporation, a Fortune 500 company. While we are regionally focused, we have the security and financial backing of one of the largest commercial lines' writers in the United States.

In 2023, BNP was named in the annual Best Places to Work in Insurance program, which recognizes employers for their outstanding performance in establishing workplaces where employees can thrive, enjoy their work and help their companies grow.

This position can either be fully remote (only if residing in WA, OR, UT, ID and MT states) or based in our Meridian, ID office which offers a hybrid work schedule with 4 days in the office; and 1 days remote where it makes sense to do so. #LI-Remote #LI-AV1

The Company is an equal employment opportunity employer.

Responsibilities

As our Underwriting Consultant, you will be responsible for providing technical underwriting leadership and assisting both the core and middle market (non-construction) underwriting teams to achieve the company's strategy, growth and profitability objectives. This role has multi-line responsibilities, with heavy emphasis on providing technical leadership and resource within the Property line. We'll trust you to have full and complete understanding of the rules/forms/coverages and analyze the Property book of business. You'll be given the space to exercise your creativity when delivering executive underwriting actions i.e. identify gaps/learning opportunities, training, industry trends, loss trends in the portfolio, etc. You'll also have the support of enterprise-wide resources to share best practices and be able to benefit from an existing framework.

What you can expect:

• Culture of innovation, teamwork, supportive colleagues and leaders willing to invest in talent
• Internal mobility opportunities
• Visibility to senior leaders and partnership with cross functional teams
• Opportunity to impact change
• Benefits - competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education

We'll count on you to:

• Provide technical underwriting leadership and support to assigned business unit or industry group to assist in achieving the company's strategy, growth and profitability objectives.
• Drive the implementation of strategic and operational objectives related to the property line of business.
• Analyze competitive market intelligence to identify trends. Provide guidance regarding the business unit's performance, financial results, profitability, business mix, competition and market trends.
• Create and communicate underwriting guidelines and approves changes and additions for assigned products or industry groups.
• Provide guidance on technically complex multi-line referrals from field underwriting operations including coverage design and reinsurance.
• Act as a Home Office referral person for providing approval outside of Field authority that falls within their assigned authority; approve exceptions to strategy, guidelines and authority for product line or industries.
• Participate in and review internal audit. Identify opportunities for improvement to address underwriting quality gaps. Provide guidance to underwriters to ensure quality underwriting decisions are consistent with company policies and programs, and in compliance with state laws and regulations.
• In conjunction with the Field Underwriting Managers, oversee the regulatory compliance function throughout the underwriting organization to identify, manage, and mitigate compliance risks.
• Collaborate with business partners in Risk Services, Actuarial, Claim, and Compliance to address governance and compliance issues related to underwriting practices.
• Participate in rate review process for all product lines and industry groups.
• Collaborate with others on rate changes; monitor usage and profitability of pricing programs; assess the impact on the in-force book, new business production and agency force.
• Participate in development and/or delivery of Underwriting & Product training material for the business unit staff.
• Serve as a technical underwriting resource for Business Development, Risk Services, Claims and Premium Audit staffs.

Qualifications

What you need to have:

• Bachelor's degree or equivalent combination of education and experience
• 10 or more years of relevant Property (& Casualty) experience, including product development and underwriting
• Significant experience in analyzing property exposures and controls
• Strong project management skills and experience
• Strong collaboration skills and teamwork minded
• Demonstrates creativity, strong business acumen, critical thinking, problem analysis and problem resolution skills
• Ability to lead and get results through influence
• Ability to travel (if outside of the Meridian, ID area)

What makes you stand out:

• Advanced insurance education e.g. CPCU, AU
• Experience with farm or agribusiness accounts, inland marine and/or large property
• Demonstrate a continuous improvement mindset
• Ability to thrive in a fast-paced environment that continuously adapts based on customer need
• Excellent verbal and written communication skills

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 which for this role include:

• Base Salary Range: $ k

• Eligible to participate in annual discretionary bonus.

• Benefits: 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 Details

Sponsorship not Offered for this Role