Berkley Edge offers solutions for hard-to-place and distressed risks for both professional and casualty lines of business. Edge will focus on small to mid-sized risks through a wholesale only distribution model. 

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 have been listed on the New York Stock Exchange, seen our revenue soar well past $10 billion, and become a well-respected Fortune 500 Company. 

This is an entry level position within insurance underwriting. The Underwriter Trainee will be focused on learning the underwriting practices and the application of building and growing the Edge business. In this role, trainees will participate in formal or on-the-job training, developing a working knowledge of product language, underwriting practices, policies and guidelines. This position has a defined career path and is a great first step in the insurance industry. Key functions will include but are not limited to:

Industry/Practice/Knowledge 

• Links line of business policies and practices to company strategies 
• Identifies and acts on opportunities to share knowledge with clients and customers 
• Networks with peers and outside resources to exchange ideas and information 

Product Skills 

• Compares company coverages to competitors and differentiates our company from others 
• Identifies new product opportunities 
• Explains company service capability and applies to specific client needs, including coordination of standard service delivery to customers 

Book Management/Pricing Skills 

• Applies standard pricing to exposures 
• Applies individual loss and expense factors, when applicable 
• Utilizes internal information systems to measure results 
• Analyzes and evaluates impact of producer performance on assigned book
• Applies key expense components, influencing controllable elements according to plans and strategies
• Identifies and evaluates influence of competitor strategies in local territory or line of business and its effects on the company’s business

Consulting

• Provides appropriate input for written premium and expense budget planning 
• Offers creative solutions that contribute to the achievement of business results 

Risk Selection 

• Applies underwriting strategies and standards to pre-qualify risk acceptability 
• Identifies and assesses exposures for each risk 
• Performs detail analysis utilizing appropriate information (exposure/rate/financial & loss) to determine account acceptability, taking customer needs into consideration 
• Assesses rate adequacy relative to exposure 

Client Management 

• Identifies clients' needs and recommends solutions 
• Handles or refers as appropriate cross selling opportunities 
• Negotiates standard coverage issues, closes sale, and gauges customer satisfaction 
• Identifies and accesses basic underwriting/service resources and associated cost benefit 
• Demonstrates knowledge of competitors products, strategies, strengths, weaknesses, position within agencies/in marketplace, financial picture 
• Develops and pursues prospective clients 
• Follows-up on prospective and incumbent clients' needs 

• Bachelor’s degree in business, Risk Management, Insurance, or a related field (or equivalent experience) 
• Prior experience in insurance a plus. 
• Strong analytical, organizational, and communication skills. 
• Proficiency in Microsoft Office Suite (Excel, Word, Outlook). 
• Eagerness to learn and grow within the insurance industry. 
• Ability to work both independently and collaboratively in a fast-paced environment. 
• Computer literate including use of Word, Excel and various project management tools 
• Flexible and open to change and enhancements to help evolving in a competitive market 
• Adaptive to adjusting priorities and/or work on multiple tasks 
• Strong sense of ownership and accountability as a result of being highly motivated  

The Company is an Equal Employment Opportunity Employer