Director, ERM

Company Details

We provide a foundation of stability and predictability that gives employees the confidence to succeed.

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 $15 billion.

 

Today the Berkley brand comprises 60 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by Chairman, President and Chief Executive Officer, W. Robert Berkley, Jr., W. R. Berkley Corporation is well positioned for long-term success and future growth.

 

The Company is an equal employment opportunity employer.

 

Responsibilities

*Please provide a one-page resume when applying.

 

Enterprise Risk Management (ERM) TeamOur key risk management aim is to maximize Berkley’s return on capital over the long term for an acceptable level of risk. This requires regular interaction with senior management both in corporate and our business units. The ERM team comprises ERM actuaries and catastrophe modelers responsible for identification, quantification and reporting on insurance, investment, credit and operational risks. The ERM team is a corporate function at Berkley’s headquarters in Greenwich, CT.

 

The RoleThe successful candidate will collaborate with other ERM team members on a variety of projects with a focus on risk assessment, group reporting and emerging risk monitoring. The candidate is expected to demonstrate strong communication skills and be capable of leading workshops with senior executives.

 

Key responsibilities include:

 

Risk Assessment and Group Reporting

• Lead the implementation and continuous improvement of risk assessment processes across domestic and international business units
• Analyze and present risk assessment outcomes to senior executives, supporting strategic decision-making
• Prepare Group-level ERM reports and review ORSA reports for the international entities
• Support other deliverables to senior executives, rating agencies and regulators

 

Climate Change and Other Emerging Risks

• Perform research on climate change, artificial intelligence and other emerging risks and evaluate their impact on property and casualty lines, invested assets and general business operations
• Author ERM newsletters to communicate insights and trends on emerging risks to business units
• Lead initiatives to monitor and assess emerging risks, with a focus on cyber insurance exposures and catastrophe modeling

 

Other Exposure Management

• Monitor large limit exposures across property and casualty lines
• Support the development of casualty catastrophe scenarios

Qualifications

• Minimum of 7 years of experience in P&C (re)insurance• Strong verbal and written communication skills, with the ability to lead executive-level discussions• Proven ability to manage multiple projects and meet deadlines in a dynamic environment• Proficiency in Excel

 

Education Requirement

 

Minimum of Bachelor’s degree

Additional Company Details

Salary Range - $156,000 to $224,000, dependent on experience, knowledge and location. Berkley is committed to offering comprehensive and competitive employee health benefits that help our employees stay healthy, feel secure and maintain a work/life balance. We offer Medical, Dental, Vision, Flexible Spending Account, Health Savings Account and a Health Reimbursement Arrangement. We support our employees in planning for their current and future security by offering Short & Long Term Disability, 401(k)/Profit Sharing/Employee Stock Purchase Plan, Life/Accidental Death & Dismemberment/Travel and Additional Life Insurance. We want our employees to live productive and fulfilling lives. We promote work-life balance and personal wellness by providing an Employee Assistance Program, Paid Time Off (Vacation/Sick/Holidays) and encouraging employees to participate in our groups wellness program. We take risk management excellence and your professional growth and ongoing development seriously by offering industry-related education and exams along with industry-related tuition assistance. We do not accept unsolicited resumes from third party recruiting agencies or firms.