Berkley

  • Underwriter

    Location Name NJ, Ewing - 200 Princeton S - Suite 280
    ID
    2019-3336
    Date Posted
    1 day ago(12/5/2019 9:31 AM)
    Company
    Berkley Public Entity Mgr
    Primary Location
    US-NJ-Ewing
    Category
    Underwriting
  • Company Details

     

     Berkley Public Entity_Logo

    In 2012 Berkley Public Entity (BPE) was founded as a member company of W. R. Berkley Corporation. As we thought about the mission of the new company, we kept coming back to several critical core characteristics: We must have strong interdisciplinary core competencies; we must strive to develop collaborative, mutually beneficial relationships between partners; we must excel at understanding and serving the evolving needs of the entities we work with, and we must foster a culture of innovation with the goal of continuous improvement to ensure best in class service to all of our partners.

     

    What, then, are the hallmarks of a long-lasting risk program, and how does BPE support one? Simply, we work best with entities that seek to “own their risk” and are driven to minimize the negative implications, both human and financial, of the services they provide. We use our multi-disciplined team to help create risk control and cost saving solutions that are often unique, and always carefully crafted. Our clients must know that we will always strive to provide resources to help them achieve this goal while also helping them benefit from the positive implications of effective management of risk. Through the close, trusting relationships we develop with our brokers and clients we are able to make thoughtful decisions based upon shared goals.

    Responsibilities

    The Underwriter will work closely with the Senior Underwriting team, and Chief Actuary, to 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.  The Underwriter will also work closely with the Senior Underwriting team to manage existing broker and client relationships. 

     

    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.
    • Attend industry client centric events
    • Assist with the development of new products, services, process improvements, and marketing initiatives
    • Attend marketing calls to brokers and clients, and when necessary, coordinate with Executive, Underwriting, and Claims. 
    • Under direction of Management, work on ad hoc projects as needed.
    • Assist with the issuance of policies, endorsements and billing.
    • Process reinsurance transactions, where applicable.
    • When necessary, complete account transactions as required
    • Process new business/renewals and endorsements for assigned accounts and perform underwriting analysis for some routine new and renewal busines

    Qualifications

    • Bachelor’s Degree required.
    • Minimum of five years commercial insurance experience.   
    • Public Entity Experience is preferred, but not required
    • Applicable coursework toward attainment of an industry designation preferred.
    • Ability to manage deadlines effectively.
    • Excellent verbal and written communication skills.
    • Technical proficiency is required.
    • Strong organization skills.

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