Berkley

Public Entity Underwriter

Location Name NJ, Morristown - Suite G50
ID
2020-4362
Date Posted
1 month ago(11/4/2020 5:26 PM)
Company
Berkley Public Entity
Primary Location
US-NJ-Morristown
Loc2
New York
Loc3
DC, Washington
Loc4
GA, Alpharetta - 3655 North Point Parkway
Loc5
CO, Centennial
Loc6
IL, Chicago - 233 S Wacker Drive - Suite 3900
Category
Underwriting

Company Details

Berkley_Public_Entity_Logo

 

Berkley Public Entity (BPE) was founded in 2012 as a member company of W.R. Berkley Corporation. BPE is a growing, dynamic company with the vision of being the preeminent carrier in our marketplace. As our name implies, BPE is 100% focused on providing innovative insurance and reinsurance solutions to public entities.


As we build upon the solid groundwork established over the past eight years’ prior, BPE’s Underwriting team is also growing! Our business model provides a unique opportunity to join our team and contribute in a meaningful way that can have lasting effects not only on the company’s growth, but also your own!


What Sets Us Apart:

  • As a growing company, BPE has big plans for our future as a preeminent Public Entity carrier, with an entrepreneurial spirit of work projects within the Underwriting department.
  • We bring financial stability, and market clout, with a global Fortune 500 parent company in WR Berkley.
  • The decisions you make and the projects you work on will have a meaningful and tangible impact on the business, and direct access to Senior leadership!
  • As a member of our team, you will have a unique opportunity to work for an established organization, coupled with an innovative environment, on a team with a “start-up” mentality!

Responsibilities

The Public Entity 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.

  • 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 business applications, as directed.

Qualifications

  • Bachelor’s Degree required.
  • Minimum of two (2) to five (5) years' commercial insurance underwriting experience, with a technical focus on commercial casualty lines of coverage.
  • Commercial Excess & Surplus underwriting preferred, but not required.
  • Public Entity liability insurance 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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