AVP, Healthcare Management Liability Underwriting

Company Details

Do you want to be part of a dynamic and growing organization that encourages creativity, collaboration, innovation and individual expression? Are you an insurance professional who wants to think “outside the box” in creating products, underwriting and servicing customers? Berkley Healthcare is a dynamic company that encourages a pioneering mindset with the financial backing of a Fortune 500 company. At BHFL, everyone’s voice counts and we expect to hear from everyone. If you want to work in a unique insurance company like no other, come explore career options with us.

As a member company of W. R. Berkley Corporation, Berkley Healthcare has assembled a unique team of multi-disciplinary insurance professionals to take a fresh look at healthcare organization insurance. We pride ourselves on our deep expertise in underwriting, claims and distribution in the healthcare industry insurance market. We understand that the healthcare industry is in a state of rapid evolution; shaped by emerging concepts in technology, law, public welfare and social economics, all with attendant enterprise risk unique to healthcare organizations. We apply cutting-edge insurance concepts to traditional healthcare insurance products. Concepts that embrace the current complexity of the healthcare industry. Concepts that give ultimate flexibility in managing enterprise risk.

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance. Each of theBerkley companies, or operating unitswithin Berkley, participates in a niche market requiring specialized knowledge about a territory or product.

Responsibilities

The Underwriter - Healthcare Management Liability is responsible for submission generation, underwriting and policy issuance of Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Fidelity/Crime for large and complex private commercial and not-for-profit healthcare organizations. The underwriting position will be part of the Berkley Healthcare Financial Lines division of Berkley Healthcare. The candidate will be responsible for handling new and renewal, primary and excess business throughout the placement process from underwriting submission receipt to policy issuance.

Key functions include but are not limited to the following:

• Determine risk acceptability in accordance with underwriting risk appetite and guidelines
• Prepare thorough underwriting analyses with detailed exposure analysis and independent underwriter assessment
• Make pricing, coverage, terms and conditions determinations and recommendations within defined limits/authority and underwriting guidelines and authority parameters
• Develop, grow and maintain a profitable, diversified book of business aligned with company goals

Ensure production and loss ratio goals are achieved for assigned book by reviewing, analyzing and evaluating information and taking appropriate action as necessary

• Develop positive agency relationships within assigned territory while maintaining a good rapport through responsive levels of service
• Coordinate marketing activities including travel in coordination with BHC colleagues including the BHC Distribution Lead
• Foster growth of less experienced staff in a positive and growth-oriented environment
• Actively self-educate as to line of business, industry and insurance trends including exposures, claims, legal, legislative, healthcare, current events, self-improvement and innovation

Qualifications

• Bachelor’s degree from an accredited university or college
• Minimum 5 years of recent experience in financial lines underwriting, with a proven track record of success.
• Specialized experience in healthcare financial lines underwritingis highly preferred.
• Comprehensive knowledge of financial lines products, including coverages, policy forms, and industry standards.
• Exceptional organizational skills, with the ability to manage complex underwriting files and maintain efficient workflow processes.
• Strong customer service orientation, with a commitment to delivering high-quality client experience.
• Excellent written and verbal communication skills, with the ability to convey complex information clearly and professionally.
• Effective desk management capabilities, including prioritization, time management, and attention to detail.
• Self-motivated and independent, while remaining accountable to team objectives and company goals.
• Demonstrated ability to take calculated risksand apply sound business judgment in underwriting decisions.
• Strategic mindset, with a solid understanding of business drivers and the ability to contribute to bottom-line results.
• Willingness to travel occasionally (less than 15%)as required by the role.

The Company is an equal employment opportunity employer.

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: $130,000– $150,000 • 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 RoleThe Underwriter - Healthcare Management Liability is responsible for submission generation, underwriting and policy issuance of Directors and Officers Liability, Employment Practices Liability, Fiduciary Liability, Fidelity/Crime for large and complex private commercial and not-for-profit healthcare organizations. The underwriting position will be part of the Berkley Healthcare Financial Lines division of Berkley Healthcare. The candidate will be responsible for handling new and renewal, primary and excess business throughout the placement process from underwriting submission receipt to policy issuance. Key functions include but are not limited to the following: - Determine risk acceptability in accordance with underwriting risk appetite and guidelines - Prepare thorough underwriting analyses with detailed exposure analysis and independent underwriter assessment - Make pricing, coverage, terms and conditions determinations and recommendations within defined limits/authority and underwriting guidelines and authority parameters - Develop, grow and maintain a profitable, diversified book of business aligned with company goals Ensure production and loss ratio goals are achieved for assigned book by reviewing, analyzing and evaluating information and taking appropriate action as necessary - Develop positive agency relationships within assigned territory while maintaining a good rapport through responsive levels of service - Coordinate marketing activities including travel in coordination with BHC colleagues including the BHC Distribution Lead - Foster growth of less experienced staff in a positive and growth-oriented environment - Actively self-educate as to line of business, industry and insurance trends including exposures, claims, legal, legislative, healthcare, current events, self-improvement and innovationMid-Senior Level