Berkley

Underwriter

Location Name VA, Glen Allen - 4820 Lake Brook - Suite 300
ID
2024-11073
Date Posted
2 months ago(8/31/2024 9:31 AM)
Company
Berkley Mid-Atlantic Insurance Group
Primary Location
US-VA-Glen Allen
Category
Underwriting

Company Details

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Berkley Mid-Atlantic Insurance Group is a member of W. R. Berkley Corporation, a Fortune 500 company that is listed on the New York Stock Exchange and is part of the S&P 500.

 

W. R. Berkley Corporation’s insurance company subsidiaries are rated A+ (Superior), Financial Size Category XV by A.M. Best Company and A+ (Strong) by Standard & Poor’s. Berkley’s competitive advantage lies in its long-term strategy of decentralized operations. This structure provides each Berkley business the agility of a small business and the strength and resources of a Fortune 500 organization, as well as the financial accountability and incentives to attract and retain the highest-caliber professionals.

 

Berkley Mid-Atlantic Insurance Group works with a small and select number of appointed agents to deliver customized coverage for our clients’ unique insurance needs. We focus on small and middle market commercial accounts within the Service, Manufacturing, Retail, Construction, Wholesale, Finance and Real Estate industries.

 

Company URL:  https://www.wrbmag.com/

 

The company is an equal opportunity employer.

Responsibilities

The Underwriter builds dynamic relationships, maintains a strong distribution channel, drives written premium growth, and maximizes renewal retention while delivering a high degree of customer satisfaction within our footprint of Independent Agencies. 

Key functions will include but are not limited to: 

  • Strengthens relationships and educates agents within agency plan to maximize opportunities and achieve profitable growth.
  • Achieves new business premium, renewal premium retention and rate change objectives
  • Within company guidelines and granted underwriting authority, evaluates new and renewal information to determines risk acceptability terms/conditions to be quoted, and priced.
  • Utilizes various underwriting tools to: determine acceptable risk characteristics; determine accurate exposure classifications; set adequate property limits to accomplish appropriate insurance to value and rate and quote business to agents
  • Orders and reviews inspections to confirm accounts written are consistent with preliminary underwriting information and take action when the inspection reveals unacceptable risk characteristics.
  • Determines if facultative reinsurance is needed and if so, factors reinsurance cost in gross pricing, completes cession procedures; documents file and follows established workflow procedure to ensure proper reporting / accounting.

Qualifications

  • BA/BS degree preferred
  • 2+ years of experience working as an Underwriter in Commercial Property & Casualty
  • Demonstrated success in developing and maintaining positive relationships.
  • Excellent communication skills, including listening for solutions.
  • Demonstrates a willingness to collaborate with colleagues and present in a way that influences others.,
  • An ability to think analytically about business problems, make recommendations and propose solutions.
  • High energy self-starter, who is resilient and has an entrepreneurial spirit.
  • Ability to sell and influence others.
  • Goal-oriented achiever who delivers results.
  • Basic knowledge of computer program in a windows environment, including Word, Excel and Email is mandatory.
  • Prior experience working with on-line underwriting tools is preferred (e.g. Silver Plume, and Reference Connect).
  • Advanced professional insurance coursework (i.e. CPCU or AU) or completion of other insurance related classes is preferred.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

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 not Offered for this Role

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