Berkley

  • Underwriting Manager

    Location Name NJ, Morristown - Suite G50
    ID
    2018-1839
    Date Posted
    2 months ago(8/31/2018 10:00 AM)
    Company
    Berkley Public Entity Mgr
    Primary Location
    US-NJ-Morristown
    Category
    Underwriting
  • Company Details

    BPEM works exclusively with local government, schools, agencies and authorities to reduce costs through financial and operational efficiencies, as well as targeted coverage.  We appeal most to those clients seeking to team with a carrier to achieve their goals;  we've met the challenge for over 100 clients, let's work together to achieve yours.

    Responsibilities

    The Underwriting Executive will manage existing broker and client relationships and will develop new broker and client relationships, resulting in premium generation. The Underwriting Executive will work closely with the Actuarial, Claims, and Underwriting teams to understand and achieve profitability targets. The Underwriting Executive will also 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, and will Identify and utilize data-driven analyses to drive marketing efforts relative to customer acquisition and retention.

     

    Overall Responsibilities:

    • Review new and renewal submissions for completeness and address any discrepancies with the broker.
    • 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.
    • Manage referrals within guidelines.
    • Attend industry client centric events
    • Assist with the development of new products, services, process improvements, and marketing initiatives
    • Identify and report operational risks and areas in need of improvement.
    • Independently make sales calls to brokers and clients, and when necessary, coordinate with Executive, Underwriting, and Claims.
    • Manage ad hoc projects as required

    Qualifications

    Required Experience/Qualifications:

     

    • Minimum four year college diploma required
    • Minimum of 8 years of underwriting experience.
    • Aptitude for complex risk analysis, underwriting and risk financing.
    • Experience with insurance and reinsurance.

    Core Competencies Required:

    • Motivated to achieve financial and operational goals
    • Excellent analytical, quantitative, financial and critical thinking skills
    • 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
    • Self-directed showing personal accountability and proactive approach to job responsibilities
    • Ability to be decisive, to multi-task, and to prioritize a heavy workload
    • Exceptionally strong computer skills
    • Collaborative, team oriented, and customer focused with attention to detail
    • Strong communication and organizational skills
    • Ability to work independently, as well as within a team

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