Berkley

  • Underwriting Trainee

    Location Name IL, Chicago - 311 S. Wacker Drive - Suite 3225
    ID
    2019-2211
    Date Posted
    2 weeks ago(1/8/2019 9:09 AM)
    Company
    Berkley Alliance Managers
    Primary Location
    US-IL-Chicago
    Category
    Underwriting
  • Company Details

    Berkley Alliance Managers_Logo

     

    At Berkley Alliance Managers, we offer innovative coverage and risk management solutions for our brokers and policyholders. We have a passion for offering fresh ideas and relevant insurance products and services. Our business consists of four target markets – Design Professionals, Construction Professionals, Accounting Professionals and Miscellaneous Service Professionals. Our focus allows us to tailor coverage and create comprehensive risk management programs that enhance profitability and reduce susceptibility to loss.

    Responsibilities

    Contribute to building a profitable portfolio of business while gaining a substantive understanding of the roles and responsibilities of underwriting. 

    • learn: (a) BCP coverages and policy forms; (b) the process by which our business is administered; and (c) the overall “language of insurance”;
    • demonstrate functional knowledge of underwriting, producer relationships and market management issues;
    • understand our approach to managing our relationships with clients and producers;
    • exhibit proficiency in our marketing/sales methodologies;
    • develop a functional understanding of multiple lines of commercial insurance.

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

    • organizing, analyzing and inputting relevant underwriting information into all systems;
    • the preparation, quality control review and issuance of quotes, binders, and policies;
    • organization and maintenance of Account files in all systems;
    • organization and maintenance of approved external document cataloguing;
    • review submissions and apprise underwriting staff of any discrepancies, inconsistencies or need for clarification or follow up;
    • prepare written analyses of and populate price models for risks and exposures associated with a given account;
    • monitor email correspondence and effectively triage electronic correspondence and requests from underwriting staff, brokers and insureds;
    • 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; and
    • interact with the marketplace through frequent attendance of regional client and producer meetings.

    Qualifications

    Our ideal candidate will have the following:  

    • Bachelor’s Degree from an accredited 4-year institution
    • strong oral and written communication skills
    • critical thinking, problem-solving and analytical skills
    • ability to identify, gather and organize information and articulate salient findings
    • proficiency in Microsoft Office Applications (Excel, Word, PowerPoint)
    • ability to learn and leverage new software applications and technologies

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