What are the responsibilities and job description for the AVP, ERM position at Berkley?
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 and Monoline Excess. Led by our Executive Chairman, founder and largest shareholder, William. R. Berkley and our President and Chief Executive Officer, W. Robert Berkley, Jr., W.R. Berkley Corporation is well-positioned to respond to opportunities for 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