Berkley

  • Underwriting Assistant

    Location Name CT, West Hartford - 29 South Main Street - 3rd Floor
    ID
    2018-1846
    Date Posted
    2 weeks ago(2 weeks ago)
    Company
    Berkley Asset Protection
    Primary Location
    US-CT-West Hartford
    Category
    Underwriting
  • Company Details

    Berkley Asset Protection Logo
     
    At Berkley Asset Protection, our preferred path to success comes from distinguishing ourselves with the industry’s finest team of underwriters, marketing, and claims professionals, all of whom are empowered to support a portfolio of insurance products that meet the evolving needs of our family of agents and brokers, and their insured clients. Berkley Asset Protection is backed by the resources and 50-year history of W. R. Berkley Corporation. Berkley Asset Protection underwrites business in all 50 states. Through our relationship with W/R/B Underwriting, a London-based affiliate under the Berkley umbrella and a Lloyd’s member, we can service a global clientele.

    Responsibilities

    Proficient in processing underwriting support tasks for a single line of business for the lifecycle of an account.  Workload will be determined based on a defined set of Broker relationships assigned to each UA.  This position may have limited underwriting authority.  Potential variation is to develop proficiency in processing the underwriting support tasks for a 2nd line of business (within the same or additional Broker relationships) for the lifecycle of an account.  The account lifecycle may include (but is not limited to: issuance of new business quotes, binders, policies, and mid-term endorsements, renewal solicitations, renewal raters, quotes, binder, policies, and mid-term endorsements, Workers Comp audits, cancellations and non- renewals (both Insured and Company request).  Persons in this position will be trained to support billing functions and will be called on to do so as needed.  The role also includes participation in special projects on an as needed basis.      

    • Pre-underwriting/pre-qualification of New Business and Renewal risks.
    • Solicitation of additional information relative to submission from broker (if necessary).
    • Preparing Declination correspondence to broker (when required).
    • Completion/updating data entry fields in BPM Workflow Management System.
    • Aid in the completion of Rating/Review Documents.
    • Completion of necessary fields in Underwriting System.
    • Limited Underwriting Authority for renewal business (within established guidelines).
    • Tracking and follow-up of outstanding subjectivity items.
    • Policy and endorsement processing and issuance.
    • Management of Declined/Unsuccessful accounts in Underwriting System(s) and BPM Workflow Management System.
    • Monthly solicitations/follow-up for outstanding renewal information.
    • Generation and Management of Monthly Renewal Lists - specific to Line of Business/Underwriter
    • Generation of Monthly Bound Account List for use in File Audits.
    • Monthly completion of File Audits (for previous month) - Tracked through BPM Workflow Management System.
    • Act as liaison with finance/accounting as needed.
    • Manage billing/accounting inquiries (FAB Billing System).
    • Follow-up on overdue premiums - over 90 lists.
    • Participates in special projects or program business as needed.
    • Availability to aid in additional workflow processes when needed and subject to supervisor direction.

    Qualifications

    Required Core Competencies:

     

    • Understanding of BAPU Best Practices, Underwriting Guidelines and Line of Business risk appetite.
    • Attention to detail.
    • Functional understanding of all required systems and processes.
    • Professional and effective communication skills.
    • Ability to work both independently and in a team environment.
    • Willingness to learn.
    • Ability to multi-task.
    • Ability to work in a fast-paced environment and respond quickly when necessary.
    • Excellent time management skills.
    • Tasks are issued timely and accurately.

    Required Experience: 

    • Two or more years of insurance industry/related experience and/or training preferred.
    • Basic computer skills including Microsoft Word, Microsoft Excel, and other related programs.

    Education Requirement:

    • Bachelor's Degree from a four-year college or university (preferred).

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