Berkley

Underwriter Trainee

Location Name VA, Glen Allen - 4820 Lake Brook - Suite 300
ID
2024-11505
Date Posted
3 weeks ago(12/2/2024 11:56 AM)
Company
Berkley Mid-Atlantic Insurance Group
Primary Location
US-VA-Glen Allen
Category
Underwriting

Company Details

bmag-logo-FINAL-stacked-rgb-word

 

Are you DRIVEN, ENERGETIC, CREATIVE, INNOVATIVE, CONFIDENT, BRAVE, and COURAGEOUS?! If you are, CHECK US OUT!

 

Berkley Mid Atlantic Group offers commercial property and casualty products and services through independent agents in Virginia, Pennsylvania, Maryland, Delaware, West Virginia, New Jersey, Washington DC, Ohio, and Kentucky.  We maintain a strong local presence in our market, keeping underwriting and support close to the customer.

Now more than ever, financial strength is critical to a successful, long term insurance relationship.  Berkley Mid Atlantic is a member company of W. R. Berkley Corporation, a Fortune 500 company, whose insurance company subsidiaries are rated A+ (Superior) by A.M. Best.

 

Company URL:  https://www.wrbmag.com/

 

The company is an equal opportunity employer.

Responsibilities

We are currently seeking a Commercial Lines Underwriting Trainee.  This is a developmental position.  The selected candidate will learn the fundamental principles of underwriting commercial lines insurance.  This individual will gain an understanding of the underwriting thought process and learn to utilize underwriting guidelines, procedures, rating manual rules and insurance laws and regulations.  The Trainee will participate in a training program involving in-person classroom instruction and self-study combined with on-the-job shadowing that will provide the opportunity to learn the business.  Promotion opportunity to an Underwriter position exists after successful completion of the training program.

 

To perform this job successfully, an individual must be able to perform each of the following essential duties and responsibilities satisfactorily.  Other duties may be assigned.

 

  • Learn to process and document new and renewal business through successful completion of Training Objectives, with increased levels of responsibility;
  • Develop proficiency in insurance theories and practices;
  • Input select data into rating system(s);
  • Learn how to evaluate, select, and price commercial risks;
  • Develop skills in negotiating price, coverage, and terms;
  • Learn how to communicate to and build relationships with agents;
  • Provide timely, courteous and efficient service to all internal and external clients; and
  • Travel to other BMAG locations to make connections.
  • Completes work and reading projects and pass any required exams.

 

The successful candidate will provide technical support to underwriting staff, participate in various underwriting and educational activities, and be responsible for:

 

  • Aiding in the building of superior distribution partnerships with agents and brokers;
  • Analyzing applications, determining acceptability of risk in accordance with Company guidelines and practices in order to assist underwriting with the appropriate underwriting decisions;
  • Analyzing quality, quantity, and profitability of risks underwritten and preparing reports for underwriting and management review;
  • Assist in the management of the commercial property and casualty lines of business to achieve the goals and objectives established. Ensuring continued profitable growth;  
  • Execute special projects in pursuit of enhanced operational excellence, delivery of valuable external marketing materials, and portfolio analysis reporting;
  • Self-study in pursuit of appropriate designations as defined by management;
  • Assisting with product development in creation of innovative products and service to introduce to the market;
  • Interact with the marketplace through frequent attendance of regional client and producer meetings.

Qualifications

This position will be assessed based on achievement of the following elements of performance: Attainment of goals/standards for this position; Dependability (Appropriate use of time and resources, including but not limited to phone use, attendance, promptness, funds or asset use; Customer service/sensitivity (of internal and external customers); Teamwork.  Other additional elements of performance will impact this position and include key skills and other core competencies:

 

  • Computer proficiency – MS Office products, applicable FCCI systems;
  • Strong communication, organizational and interpersonal skills;
  • Strong mathematical, analytical, and problem-solving skills;
  • Strong curiosity;
  • Sense of ownership and entrepreneurial skills;
  • Develops and maintains positive and effective working relationships;
  • Ability to prioritize and manage multiple priorities;
  • Able to thrive in a fast-paced environment;
  • Ability to project a warm and friendly manner in all business contacts and maintain a professional relationship with fellow workers, agency contacts, and the general public;
  • Ability to consistently demonstrate the WRBC Leadership Core Competencies and Innovation Behaviors;
  • Willingness to be Innovative and share ideas across all teams;
  • Excellent verbal and written communication skills and interpersonal skills;
  • Keen interested in learning and being coached;

 

Education:

  • Bachelor’s degree from a four-year accredited university or college;
  • Prior working experience and/or internships within the Insurance field preferred;
  • Advanced insurance education preferred (ex. AU, AAI, CIC, CPCU);
  • While preferred, no prior Insurance experience is required;

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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