The Underwriting Associate, a key contributor within the Berkley Technology Underwriters (BTU) organization, is responsible for analyzing, underwriting and servicing insurance products for an assigned territory. While this position is in the Underwriting Department, this role also works closely with other departments within the organization to ensure compliance with regulators and company underwriting protocol and guidelines.
Key functions include but are not limited to the following:
- Build strong relationships with internal and external customers and colleagues to ensure financial goals including growth, profit, rate and premium retention are attained.
- Demonstrate the ability to negotiate, strategize and make sound underwriting decisions within authority.
- Review all and analyze endorsement submissions and stay within applicable binding authority.
- Drive renewal process, review upcoming renewals, work with producers to obtain and evaluate all underwriting information, prepare and partner for renewal with Underwriting Specialist.
- Manage assigned book to achieve budgeted rate, retention and new business goals.
- Execute proper pricing components and rating methodologies.
- Responsible for account solicitation, risk selection, research and analysis including the corresponding documentation and pricing of BTU insurance products and services for new and existing customers.
- Analyze, assess and select risks in accordance with BTU for account rounding goals.
- Responds accurately and timely to coverage inquiries from producers.
- Stay current with all compliance, procedural and workflow changes.
- Work collaboratively and effectively with underwriting team, operations staff, risk management, claims, regulatory, premium audit and BTU corporate management.