The President is responsible for the successful management of virtually all aspects of the specific "stand alone" Operating Unit. S/he provides leadership and direction to the entire team including dedicated underwriting, claims, actuarial, marketing, technology and finance and is expected to develop and execute strategies that deliver high risk-adjusted financial returns and growth in favorable situations while managing risk. S/he understands, is passionate about and serves as role model for th... more details
President
Location NameVA, Glen Allen - 4820 Lake Brook - Suite 300
ID
2024-10685
Date Posted
20 hours ago(6/4/2024 12:37 PM)
Company
Berkley Mid-Atlantic Insurance Group
Primary Location
US-VA-Glen Allen
Category
Executive/President
Company Details
Berkley Mid-Atlantic Insurance Group is a member of W. R. Berkley Corporation, a Fortune 500 company that is listed on the New York Stock Exchange and is part of the S&P 500.
W. R. Berkley Corporation’s insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong) by Standard & Poor’s. Berkley’s competitive advantage lies in its long-term strategy of decentralized operations. This structure provides each Berkley business the agility of a small business and the strength and resources of a Fortune 500 organization, as well as the financial accountability and incentives to attract and retain the highest-caliber professionals.
Berkley Mid-Atlantic Insurance Group works with a small and select number of appointed agents to deliver customized coverage for our clients’ unique insurance needs. We focus on small and middle market commercial accounts within the Service, Manufacturing, Retail, Construction, Wholesale, Finance and Real Estate industries.
Company URL: https://www.wrbmag.com/
The company is an equal opportunity employer.
Responsibilities
The President is responsible for the successful management of virtually all aspects of the specific “stand alone” Operating Unit. S/he provides leadership and direction to the entire team including dedicated underwriting, claims, actuarial, marketing, technology and finance and is expected to develop and execute strategies that deliver high risk-adjusted financial returns and growth in favorable situations while managing risk. S/he understands, is passionate about and serves as role model for the core cultural norms of W. R. Berkley Corporation including dedication to integrity, honesty and the highest level of business ethics. Key functions include, but are not limited to:
Drive shareholder value through appropriate risk-adjusted returns.
Leverage the successful attributes of the Berkley Company while developing new strategies to further the Company’s growth and profitability.
Assess the organizational structure and hiring requirements to align with both the current and future needs of the business.
Report regularly to the EVP and more formally on a quarterly basis to parent company CEO and President, Chief Financial Officer, and its Chief Actuary.
Set and drive strategic and operational objectives towards achievable short-term successes while making progress towards long-term goals.
Continually monitor objectives for financial returns, risk management, marketing and competitive advantages.
Position the Company within the market as preferred partner.
Inspire the team to be creative when leveraging their knowledge of the business and engage in exploring and experimenting with the opportunities for the business in the future.
Drive underwriting excellence through a high level of engagement in the business, data and analytics, and regular communication throughout the Company.
Ensure the achievement of continued profitability, growth and operational efficiencies through managing the business, underwriting profitability, claims and expenses.
Create a culture consistent within the greater organization for having teams that excel in their industry knowledge, take pride in their ownership of the business and strive for delivering value to their stakeholders.
Qualifications
Minimum of 15 years of Commercial Property & Casualty Leadership experience ideally including multi-functional team oversight.
BA/BS degree required
Prior demonstrated success creating, presenting and executing on a strategy that built a profitable and growth-oriented commercial lines underwriting business.
Understands the importance of a strong value proposition and knows how to appropriately leverage niche distribution relationships.
Possesses a sharp, rigorous thought process and can effectively translate vision creating logical connections for others between the dynamics of market realities, goals, strategy, tactics and results.
Demonstrated success in getting groups to work together, expecting others to be responsible for their actions and moving teams from current to future state capitalizing on innovation.
A self-starter who thrives in results-oriented and entrepreneurial environments.
A non-political player who can by virtue of background, experience and approach be immediately credible with both internal and external constituents including industry peers, distribution networks, brokers and customers
Naturally competitive externally while being collaborative internally and whose words, tone and actions will set the bar for others to follow.
Track record of being highly attentive to operational and financial details, well organized and a disciplined planner with solid communication skills.
Able to effectively listen and then drive for efficiency of decision making vs. creating bureaucracy.
An entrepreneurial mindset with a strong balance of both strategic and operating skills.
Additional Company Details
We do not accept any unsolicited resumes from external recruiting 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
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