The AVP, Commercial Property Binding Authority Broker is responsible for the development and implementation of the account evaluation and binding strategy at WRB Specialty. The position reports to the Director of Specialty Property and works with both Field and Staff functional areas. S/he executes, binds, and monitors accounts for WRB Specialty business and is in regular contact and communication with WRB Underwriting based in London. Key functions include but are not limited to:Daily managemen... more details
AVP, Binding Authority Broker
Location NameCA, San Francisco - 580 California St
ID
2024-10744
Date Posted
16 hours ago(6/20/2024 4:20 PM)
Company
Berkley Environmental
Primary Location
US-CA-San Francisco
Loc2
CA, Walnut Creek - 1255 Treat Boulevard
Loc3
CA, Los Angeles
Loc4
CA, San Diego - 9797 Aero Drive
Category
Risk Management
Company Details
W/R/B Underwriting 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 AVP, Commercial Property Binding Authority Broker is responsible for the development and implementation of the account evaluation and binding strategy at WRB Specialty. The position reports to the Director of Specialty Property and works with both Field and Staff functional areas. S/he executes, binds, and monitors accounts for WRB Specialty business and is in regular contact and communication with WRB 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 WRB Specialty future planned strategies and processes.
Working with the Director of Specialty Property and Chief actuary, ensures rate adequacy and pricing integrity in line with WRB London standards.
Responsible for collaborating with the Director of Specialty Property, WRB Specialty and WRB on reinsurance placement.
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 surplus line broker license as an individual.
Deep discipline and 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.
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
Create Profile & Apply
Connect With Us!
Not ready to apply? Connect with us for general consideration.
Job Abstracts is an independent Job Search Engine. Job Abstracts is not an agent or representative and is not endorsed, sponsored or affiliated with any employer. Job Abstracts uses proprietary technology to keep the availability and accuracy of its job listings and their details. All trademarks, service marks, logos, domain names, and job descriptions are the property of their respective holder. Job Abstracts does not have its members apply for a job on the jobabstracts.com website. Additionally, Job Abstracts may provide a list of third-party job listings that may not be affiliated with any employer. Please make sure you understand and agree to the website's Terms & Conditions and Privacy Policies you are applying on as they may differ from ours and are not in our control.
Welcome to Job Abstracts
We would like to take a second to Welcome You to Job Abstracts, the nation’s largest Pure Job Board. With over 3.1 million job listings from 15,000+ Companies & Organizations, we help job searchers find careers that match their interests. As an anonymous user, you have probably discovered how easy our system is to use. However, you have just scratched the surface of what we can offer.
We encourage you to Register so you can use our most powerful features: searching with multiple terms, setting up multiple locations, establishing favorite companies, and accessing your search history. If you find a job you like, you can apply directly for it, and then, keep notes on it. We will also keep a lookout for jobs that match your search terms and email you when we find something you may like.
You can register for free and the system is free to use. If you like our system so far, click on Register and unlock the power required by serious job searchers.
Any time you conduct a search, the system shows you job matches, ranked by their Relevance Score (RS).
The score is calculated by a proprietary algorithm that uses Intelligent Machine Learning.
The Relevance Score tells you how well the job opportunity matches your search term or terms.
When not logged in, the system is limited to one search term. Scores for single term matches are usually lower.
When you register, log in, and set up multiple terms prioritized by importance, the jobs found for you will receive a much higher Relevance Score.
