Berkley

  • Associate Underwriter

    Location Name NJ, Morristown - Suite G50
    ID
    2019-3355
    Date Posted
    2 weeks ago(11/25/2019 6:08 PM)
    Company
    Berkley Public Entity Mgr
    Primary Location
    US-NJ-Morristown
    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 Associate Underwriter will work closely with the Underwriting team to analyze risk, exposure, loss and coverage information for group and individual risk accounts, and structure and price programs that are financially efficient for the insured and profitable for the company.  The Associate Underwriter will also work closely with the Underwriting team to manage existing broker and client relationships. 

    • 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 enter exposure and loss data into pricing models.
    • Work with actuarial to understand the key components of the pricing models.
    • Maintain broker relationships though superior levels of service and direct broker engagement.
    • Attend industry client centric events as required
    • With the Senior Underwriting team, make sales calls to brokers and clients, and when necessary, coordinate with Executive, Underwriting, and Claims. 
    • Assist with the issuance of policies, endorsements and billing.
    • Process reinsurance and account transactions

    Qualifications

    • Minimum four year college diploma required
    • Completed coursework toward a Risk Management, and Insurance Degree a plus.
    • Prior work experience in Risk Management or Insurance Industry preferable.
    • Aptitude for risk analysis, underwriting and risk financing.

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