Subsidiary President/CEO (Domestic and Int'l)

Job description

Company Details "Our Company provides a state of predictability which allows brokers and agents to act with confidence." Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States. Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 company, joined the S&P 500, and seen our gross written premiums exceed $10 billion.

Today, the Berkley brand comprises more than 60+ businesses worldwide and is divided into two segments: Insurance and Reinsurance & Monoline Excess. The company is an equal employment opportunity employer.

Responsibilities

The Presiden t 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 teams that excel in their industry knowledge, take pride in their ownership of the business and strive for delivering value to their stakeholders. Must be willing to work from the Operating Unit headquarters office on a daily basis.

Qualifications

Minimum of 20 years of commercial lines underwriting experience. BA/BS degree required Prior demonstrated success creating, presenting and executing on a strategy that built profitable and growth-oriented commercial lines underwriting businesses. 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 agencies or firms.

Sponsorship Details Sponsorship not Offered for this Role

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 teams that excel in their industry knowledge, take pride in their ownership of the business and strive for delivering value to their stakeholders.
• Must be willing to work from the Operating Unit headquarters office on a daily basis.