Senior Binding Authority Broker

Senior Binding Authority Broker

Berkley Speciality Property is a leading Lloyd's Syndicate underwriting Property, Crisis Management, Engineering & Construction, Asset Protection and Specialty Casualty.

The company is an equal employment opportunity employer.

Responsibilities

The Senior Binding Authority Broker is responsible for the development and implementation of the account evaluation and binding strategy at Berkley Specialty Property. The position reports to the AVP Binding Authority Broker & Director of Specialty Property and works with both Field and Staff functional areas. S/he executes, binds, and monitors accounts for BSP Specialty business and is in regular contact and communication with BSP Underwriting based in London. Key functions include but are not limited to:

• Daily management of the workload to ensure the effective solicitation, selection, pricing, and retention of profitable business.
• Helps to develop and implement best practices in line with the London Commercial Property Team
• Aids in the development and management of appetite, guidelines, forms, forms usage, terms and conditions, training, and communications
• Engages with IT, Operations, Actuary, Finance, Marketing and Claims functions and works to develop and/or strengthen interdepartmental relationships with these other disciplines.
• Adheres to account quality and compliance processes and controls, including peer reviews, self-audit reviews, management reviews, coordination of WRBC reviews.
• Adheres to established authority for all market segments and exercises sound judgment in risk selection, exposure analysis, pricing and coverage in evaluating and approving or rejecting individual-risk submissions from brokers.
• Collaborates with team members and other departments regarding regulatory issues.
• Monitors and communicates emerging issues that are relevant to BSP future planned strategies and processes.

Qualifications

Candidate Qualifications Sought:

• Bachelor's degree required, advanced degrees and/or industry certifications preferred.
• 5+ years of commercial P&C experience with deep understanding of Property exposures and coverages.
• Holds a California Property & Casualty broker license as an individual.
• Knowledge in the insurance field, with experience in Commercial Property lines of business, and a broad understanding of the critical issues in other related areas
• Successful experience evidenced by quantifiable results.
• Knowledge of the insurance regulatory environment
• Strong written and verbal communication, negotiation, and interpersonal skills.
• Competent analytical and problem-solving skills, ability to multi-task and to independently prioritize competing demands/requests within given time constraints.
• Ability to exercise independent judgment and effectively make sound business decisions.
• Ability to creatively resolve unique and challenging business problems.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms. Pay range is $85- $175K base + incentives 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