Underwriter

Berkley
Convent Station, NJ Full Time
POSTED ON 3/18/2023 CLOSED ON 4/27/2023

What are the responsibilities and job description for the Underwriter position at Berkley?

Berkley Public Entity (BPE) was founded in 2012 as a member company of W.R. Berkley Corporation. BPE is a growing, dynamic company with the vision of being the preeminent carrier in our marketplace. As our name implies, BPE is 100% focused on providing innovative insurance and reinsurance solutions to public entities. #LI-HYBRIDThe Company is an equal employment opportunity employer. #ExcessAndSurplus #excess #E&SUnderwriteThis role will be based in our Ewing or Morristown, NJ office. We offer a hybrid work schedule with 3 days in the office; and 2 days remote where it makes sense to do so.At BPE, we believe that our employees are the key to our success. As an Underwriter focused on Public Entities, you'll play a critical role in helping us provide exceptional service to our clients and achieve our business objectives.You will manage existing broker and client relationships and develop new broker and client relationships, resulting in premium generation. You will work closely with the Actuarial, Claims, and Underwriting teams to understand and achieve profitability targets. We'll trust you to analyze risk, exposure, loss and coverage information for group and individual risk accounts to structure and price programs that are financially efficient for the insured and profitable for the company. You'll also identify and utilize data-driven analyses to drive marketing efforts relative to customer acquisition and retention.We value diversity, inclusivity, and teamwork. We believe that a collaborative, team-based approach is essential to success, and we encourage our employees to share their ideas and perspectives. And our flat structure gives you direct access to cross-functional leaders and the opportunity to make a real impact on the business. We provide ongoing training and development, as well as opportunities for career growth and advancement. You'll have the chance to work alongside a team of knowledgeable and experienced underwriters, who are passionate about what they do and committed to providing exceptional service to our Public Entity clients who play an important role in society, providing critical services and infrastructure to communities. Underwriting for public entities can provide a sense of purpose and contribution to the greater good.We'll count on you to: Review new and renewal submissions for completeness and address any discrepancies with the broker. Quotes and binds new and renewal business under the supervision of management Organize and aggregate loss and exposure information and input into pricing models. Analyze and interpret risk data and complete an underwriting workbook for each eligible risk. Work with actuarial to understand the key components of the pricing models. Establish and maintain broker relationships though superior levels of service and direct broker engagement. Attend industry client centric events Assist with the development of new products, services, process improvements, and marketing initiatives Independently make sales calls to brokers and clients, and when necessary, coordinate with Executive, Underwriting, and Claims. When necessary, assist with the issuance of policies, endorsements and billing, process reinsurance transactions, complete account transactions as required, and assist with the processing of new business/renewals and endorsements for assigned accounts and perform underwriting analysis for some routine new and renewal business applicationsWhat you need to have: Minimum of 3 years of commercial insurance underwriting experience (property/casualty lines) Primary and Excess experience Coursework toward applicable designation (including but not limited to CPCU, RPLU, etc.) desired Proven broker management and marketing skills Excellent analytical, quantitative, financial and critical thinking skills Ability to travel, as neededWhat makes you stand out: Bachelor’s Degree preferred Reinsurance experience highly desirable Ability to engage personally with brokers and clients in order to fully articulate the organization’s value proposition Ability to identify opportunities, and to solve problems Motivated to achieve financial and operational goals; being accountable and proactive about responsibilities while also decisive and capable of balancing priorities Collaborative, team oriented, and customer focused with attention to detailWe 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.Job ID: 2023-8585 Name: NJ, Ewing - 200 Princeton S Street: 412 Mount Kemble Avenue Industry: InsuranceSeniority Level: AssociateMid-Senior LevelJob Functions: General BusinessFinanceCustomer ServiceEmployment Type: Full-TimeAdditional 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.

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