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AVP, Northeastern Territory Manager

Company Details

 

Berkley Cyber Risk Solutions provides first and third-party cyber coverage for emerging cyber exposures, complemented by pre and post breach services. A team of experienced professionals delivers comprehensive cyber coverage and data breach protection to commercial insureds of all sizes and industries. Our singular focus of viewing cyber as a peril allows us to constantly refine and update new coverage options for emerging risks and trends and be responsive to client specific coverage and service needs.

 

Responsibilities

• Maintain Cyber underwriting and pricing discipline as required by all market conditions. • Responsible for the regional territory’s execution of all marketing/underwriting/pricing activities within the cyber guidelines, at acceptable risk levels and at targeted levels of profitability. • Provides training, support, and supervision of Northeast Underwriters. • Responsible for the planning, development and implementation marketing strategies to retain renewal business and secure new business opportunities. • Responsible for the regional territory’s new and renewal account analysis. • In all market phases leads the territory effort to triage business/opportunities at regional and companywide levels.  Responsible for the identification (and allocation of resources to) areas that will produce maximum volume and profitability at acceptable risk levels.• Ensures the territory provides a superior level of customer service capable of creating a competitive advantage. • Builds and maintains well established relationships with key decision makers at targeted broker/agency companies that produce profitable volumes of business.• Leads the territory’s preparation and successful execution of plans to develop viable value-added services that result in the production of profitable business from clients. • Strong leadership skills required to successfully lead and manage a regional territory. • Responsible for the creation and successful execution of a business plan that maximizes overall profitability and performance of the regional office and the company.• Technical underwriting, pricing and risk analysis expertise capable of training internal and external constituencies and leading the effort to produce the desired volume and profitability of business. • Responsible for the planning, development and implementation of strategies to retain renewal business and secure new business opportunities for the territory.• Seasoned professional with highly developed local market contacts/relationships that are capable of building the required volume and profit levels required to ensure the success of the territory. • Capable of overnight travel required to manage the territory and produce the targeted levels of business and profit.• Highly skilled marketing ability capable of training staff as well as developing relationships and business that meet our objectives.

 

Qualifications

• 10 years of insurance industry experience with minimum of 5 years of specific Cyber experience (Broker and/or Underwriting) • Bachelor’s degree from an accredited University/College• Advanced degrees and industry designations desirable• Highly developed internal and external leadership skills• Highly developed skills and experience to market • The Company is an equal employment opportunity employer.  • Demonstrated capability of managing an assigned territory effectively and profitably.  Responsible for all aspects of support in the successful execution of the business plan• In depth primary cyber marketing and underwriting knowledge• Product Knowledge - “Expert” level knowledge of cyber products, coverage and forms. Capable of training others, creating “value added” for clients. • Pricing - Expert with a deep knowledge of all pricing approaches that creates the ability to identify and capitalize on competitive advantages.• Marketing - Highly developed marketing skills with demonstrated ability to produce profitable business.• Initiative and Innovation - A demonstrated entrepreneurial self-starter with the drive and skill sets to build new profitable business. Capable of finding ways to “beat the competition” without sacrificing company standards or goals

 

Additional Company Details

We do not accept unsolicited resumes from third party recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees including: • Base Salary Range: $170-200k • Eligible to participate in annual discretionary bonus • Benefits include: Health, dental, vision, dental, life, disability, wellness, paid time off, 401(k) and profit-sharing plans 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 Offered for this Role

Average salary estimate

$185000 / YEARLY (est.)
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$170000K
$200000K

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What You Should Know About AVP, Northeastern Territory Manager, Berkley

If you're an intuitive and driven professional looking for a unique opportunity, then the role of AVP, Northeastern Territory Manager at Berkley Cyber Risk Solutions could be your ideal fit! At Berkley Cyber Risk Solutions, we prioritize understanding the evolving landscape of cyber threats and providing robust coverage options to our commercial clients. As an AVP responsible for the Northeastern territory, you'll be at the forefront of our marketing and underwriting strategies, ensuring that we not only meet but exceed the expectations of our clients. In this role, you'll lead a talented team of underwriters, providing training and support while crafting strategies that drive growth and profitability. Your responsibilities will stretch from maintaining rigorous underwriting standards to developing valuable relationships with key brokers and agencies, always with an eye toward exceptional customer service. Collaborating with a dynamic team of professionals, you will engage in the planning and execution of business plans targeting maximum profitability. Your expertise in cyber products and markets will be invaluable as you navigate both new and renewal business opportunities. If you’re ready to leverage your skills in a fast-paced environment and make a significant impact on our company’s success, we want to hear from you!

Frequently Asked Questions (FAQs) for AVP, Northeastern Territory Manager Role at Berkley
What are the main responsibilities of the AVP, Northeastern Territory Manager at Berkley Cyber Risk Solutions?

As the AVP, Northeastern Territory Manager at Berkley Cyber Risk Solutions, your primary responsibilities include executing marketing and underwriting strategies within compliance of cyber guidelines, providing support and training to your team of underwriters, and analyzing both new and renewal accounts. You're also tasked with building impactful relationships with brokers and ensuring exceptional customer service in the territory.

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What qualifications are required for the AVP, Northeastern Territory Manager position at Berkley Cyber Risk Solutions?

To qualify for the AVP, Northeastern Territory Manager role at Berkley Cyber Risk Solutions, candidates need at least 10 years of insurance industry experience, with a minimum of 5 years specifically in cyber underwriting or brokerage. A bachelor’s degree is required, and advanced degrees or industry designations are highly desirable.

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How does Berkley Cyber Risk Solutions support professional development for the AVP, Northeastern Territory Manager?

Berkley Cyber Risk Solutions is committed to professional growth by providing training and support for the AVP, Northeastern Territory Manager. You’ll gain access to resources that enhance your skills in underwriting and risk analysis, alongside opportunities to train others in the field, creating a culture of continuous learning.

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What are the key skills needed for success as the AVP, Northeastern Territory Manager at Berkley Cyber Risk Solutions?

Success as the AVP, Northeastern Territory Manager at Berkley Cyber Risk Solutions requires a combination of strong leadership, technical underwriting skills, and expert-level knowledge of cyber products. Additionally, exceptional marketing abilities and an entrepreneurial spirit are crucial for driving business growth in the territory.

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Does the AVP, Northeastern Territory Manager position involve travel?

Yes, the role of AVP, Northeastern Territory Manager at Berkley Cyber Risk Solutions will require some overnight travel. This travel is essential for effectively managing the territory and fostering relationships with key clients and brokers in the region.

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Common Interview Questions for AVP, Northeastern Territory Manager
Can you describe your experience with cyber underwriting?

When answering this question, highlight your specific experience in cyber underwriting, emphasizing your accomplishments and the complexities you've managed. Discuss how you maintain underwriting standards and the tools or methodologies that you've successfully implemented in past roles.

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What strategies would you implement to improve profitability in the Northeastern territory?

Discuss both market analysis and relationship-building strategies that could drive growth and profitability. Mention specific experiences where you might have executed similar strategies while highlighting measurable results.

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How do you ensure compliance with underwriting guidelines?

Explain your approach to maintaining strict adherence to underwriting guidelines, mentioning the processes or checks you have in place. Be sure to include examples of how you have successfully managed compliance in previous roles.

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How do you handle conflict within your team?

Discuss your conflict resolution approach, emphasizing communication and collaboration as vital tools. Provide real-life examples where you successfully navigated team conflicts, ensuring that you resolved issues while keeping productivity high.

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What techniques do you use to assess new business opportunities?

Mention analytical techniques and qualitative assessments you utilize to evaluate potential business opportunities. Include examples of past successes in identifying and capitalizing on opportunities that led to profitable outcomes.

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How do you maintain client relationships in a competitive market?

Discuss strategies for building loyalty, such as exceptional customer service, personalized communication, and responsiveness. Share specific examples of how these strategies have led to long-term partnerships in your past roles.

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Describe a time you successfully led a team through a significant change.

Provide an example of a specific change initiative, detailing your leadership approach, the challenges faced, and the ultimate outcome. Highlight the positive impact this change had on your team's performance and morale.

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What role does data analysis play in your decision-making as an AVP?

Emphasize the critical role of data analysis in identifying trends, making sound underwriting decisions, and optimizing profitability. Provide examples of tools or methods you use to analyze data effectively.

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What is your experience with developing marketing strategies?

Discuss the steps you take to develop and implement successful marketing strategies. Provide examples that showcase your ability to understand market positioning, target demographics, and deliver impactful marketing campaigns.

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How do you stay current with trends in the cyber insurance market?

Explain your dedication to ongoing education and market research. Mention specific sources you rely on to stay informed about cyber threats and insurance trends, such as industry publications, webinars, or professional networks.

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DATE POSTED
April 17, 2025

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