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Binding Authority Broker

Berkley Los Angeles, CA
  • Posted: January 12, 2019
  • Full-Time

From middle market to Fortune 500 companies, our Excess Casualty team is committed to providing excellent service and a consistent approach to meet the needs of our brokers and their customers.
We seek to outperform our competitors with a focus on understanding client's priorities and developing creative risk solutions to meet their long-term needs. Our key differentiators include the following:
EXCLUSIVE WHOLESALE MARKET - We are committed to the wholesale brokerage community and continually build upon long established relationships with a passion for superior service for our appointed producers.
OUR PROFESSIONALS - We attract and retain professionals with significant excess insurance experience, many over 25 years, with a culture that promotes integrity, excellence and respect.
LONG-TERM APPROACH TO ACCOUNTS - We continually seek partners for the long term who share our values and our risk management discipline.
Long-term relationships have been our management's trademark in over 30 years of serving customers in the Excess & Surplus marketplace. Our team is dedicated to serving the varied casualty exposure needs of our brokers and their customers. By truly understanding your risk exposures in a constantly changing global environment, we can better work with you to keep risk placement recommendations current and responsive.
Binding Authority Brokers will be assigned to a particular geographic territory or product category and will be expected to bind policies which have profitable written premium growth and favorable loss ratios in accordance with Binding Authority Broker Guidelines, Line of Business risk appetite, individual Binding Authority Restrictions, and Corporate Entity Binding Authority Agreement and related limited Binding Authority Conditions and Restrictions. Binding Authority Brokers may also be required to oversee the efficiency and effectiveness of other Binding Authority Brokers and Technical Assistants.
+ Analysis, rating, and pricing of New Business and Renewal risks.
+ Preparation of Declination correspondence (when required).
+ Completion/updating of data entry fields in Workflow Management System.
+ Adherence Binding Authority Guidelines, Line of Business risk appetite, and personal Binding Authority.
+ Development, maintenance, and management of assigned producer relationships through visitations.
+ Solicitation of additional information when needed.
+ Evaluation of the performance of producer relationships to ensure Binding Authority Guidelines and goals are met.
+ Awareness and maintenance of personal analysis and quality measures.
+ Coordination of Loss Control services (as needed)
+ Act as liaison with finance/accounting as needed.

+ Understanding of Binding Authority Guidelines and Line of Business risk appetite.
+ Ability to make sound judgments in line with Binding Authority Guidelines that are based on both written and observed factors where only limited standardization exists.
+ Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations.
+ Ability to effectively write reports and business correspondence.
+ Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public,
+ Functional understanding of all required systems and processes.
+ Professional and effective communication skills.
+ Ability to work both independently and in a team environment.
+ Ability to multi-task.
+ Ability to work in a fast-paced environment and respond quickly when necessary.
+ Ability to work well with support staff, lead and motivate direct reports and desire to aid in the development of others.
+ Bachelor's Degree from a four-year college or university preferred

Job ID: 2018-2185
Name: Berkley Custom Ins Mgrs
Street: 725 S Figueroa Street

Berkley

Address

Los Angeles, CA
90006 USA

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