Berkley

Commercial Underwriting Specialist

Location Name IA, Urbandale - 11201 Douglas Avenue
ID
2020-3881
Date Posted
5 months ago(3/27/2020 10:23 AM)
Company
Berkley Agribusiness
Primary Location
US-IA-Urbandale
Category
Underwriting

Company Details

Berkley_Agribusiness_Logo

 

Berkley Agribusiness is a provider of property and casualty insurance solutions for select commercial agribusiness and food accounts and is a subsidiary of the W. R. Berkley Corporation, a Fortune 500 company recognized as one of the most respected names in the property casualty insurance industry.

 

About W. R. Berkley Corporation

W. R. Berkley Corporation, founded in 1967, is one of the nation’s premier commercial lines property casualty insurance providers. Each of the operating units in the Berkley group participates in a niche market requiring specialized knowledge about a territory or product. Our competitive advantage lies in our long-term strategy of decentralized operations, allowing each of our units to identify and respond quickly and effectively. 

Responsibilities

Accepts, retains and prices agribusiness insurance risks of significant size or technical complexity in accordance with established underwriting guidelines and within delegated authority level.  Manages book of business to achieve profitable growth objectives by properly classifying and pricing risks; building strong internal and external business relationships; analyzing competitive marketing data, and developing, implementing and monitoring action plans as appropriate.  Serves as the point of contact for assigned agencies and is responsible for the agency relationship.  Serves as technical underwriting resource to staff and facilitates the placement of facultative reinsurances as needed.

 

  • Assesses new commercial agribusiness insurance risks and determines accurate classification of business, policy contract forms and pricing of risk. Works within broad limits and authority on commercial underwriting accounts of significant size or high technical complexity.  Evaluates property (COPE) information, liability exposures, fleet and safety programs, loss history, financial reports, risk control reports, etc.  Accepts and prices risk in accordance with established underwriting guidelines and within delegated authority level. 

 

  • Reviews renewal accounts by examining business operations, classification, contract forms and loss activity. Determines if account is an acceptable risk or if it will be non-renewed.  Determines price in accordance with established underwriting guidelines and within delegated authority level.  Reviews accounts and endorsement requests exceeding Senior Underwriter, Underwriter or Underwriting Assistant’s authority level and takes appropriate procedural action.

 

  • Develops, expands and/or enhances agency relationships to promote profitability and growth of new business and the retention of existing business. Travels and meets with agents and customers to enhance business relationships.  Educates agency staff on pricing, product set and risk selection philosophy.  Participates in the agency management process.  Assesses the strengths and weaknesses of agencies and assists them in achieving the mutual goal of sustained profitable growth. 

 

  • Identifies new business opportunities from the agency force to assess, quote, inspect and accept. Collaborates with Underwriting team, Risk Control, Claims, IT and Senior Management to create strong agency partnerships and build a profitable book of business.  Effectively manages book of business to achieve established profitability, growth and retention goals. 

 

  • Serves as a technical underwriting resource to underwriting staff and agents regarding products, coverages and rating procedures. Provides professional development knowledge and guidance to Senior Underwriters, Underwriters, Underwriting Assistants and other functional areas. 

 

  • Identifies and handles accounts that require placement of facultative reinsurance and facilitates placement through W.R. Berkley Corporation approved markets.

Qualifications

Education & Experience

Bachelor's degree; five to eight years commercial underwriting experience and/or training; or equivalent combination of education and experience.  Demonstrates in-depth knowledge of commercial underwriting guidelines, insurance forms and coverages and a proven ability to exercise good judgment and creativity when assessing and accepting large and/or technically complex commercial risks.  Commercial agribusiness underwriting experience highly desired.

 

Ability to travel as needed; effectively and professionally respond to inquiries from external customers; organize, prioritize and manage multiple tasks in a fast-paced environment; communicate effectively with all levels of the organization.  Possess strong customer orientation; problem analysis and problem resolution skills; and effective interpersonal and communication skills including presentation skills. Regularly and consistently demonstrates commitment to company values and guiding principles.  Proficient with Microsoft Word, Excel, PowerPoint and Outlook.

 Licenses/Certifications/Designations

Valid driver’s license for travel.  Completion of or working toward AU, CPCU or similar designation.

 

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