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The Data Scientist may be responsible for leading or participating in the cross departmental collaboration to define and develop predictive modeling initiatives and building, refining, and improving existing models as well as developing new techniques and applications to different areas of the company. This position leads or participates with cross-departmental collaboration and communication of complex technical models as well as leads or participates with the implementation of the models on behalf of Actuarial & Advanced Analytics including interfacing with Information Technology, Underwriting, Claims, Finance and Sales.
- Adapts and develops rating methodologies for both existing and new company products using advanced techniques to incorporate new variables, etc., in pursuit of a competitive advantage and creation of economic profit opportunities. Helps shape the overall advanced analytics strategy for the organization.
- Identifies, retrieves, and prepares data in support of actuarial analysis through R, SQL, Essbase and other data sources. Includes internal data (exposure, premium, loss, claims, price, etc.) and various forms of external data (bureau loss costs, bureau trends, macroeconomic data, market share, market pricing, etc.)
- Ensures the accuracy and suitability of data for the business need at hand. Manipulates data, performs preliminary analysis and interprets data through various analytics platforms. Summarizes and presents recommendations.
- Supports the transformation of business intelligence tools from static reporting to dashboards, increasing data visualization and availability, supporting cross-division collaboration, and operationalizing advanced analytics.
- Supports the actuarial function in identifying segments with profitable growth potential and underperforming segments. Assists in proposing corrective actions to improve profitability.
- Performs advanced analytics and modeling techniques including but not limited to generalized linear modeling and other forms of multivariate analysis. This role is expected to build, refine and improve existing models as well as develop new techniques and applications to different areas of the company.
- In addition to regular modeling responsibilities, this person will use critical thinking skills and apply advanced modeling techniques, including but not limited to AI/Machine Learning, to provide insights and solve business problems including techniques such as classification and regression trees, random forests, neural networks, clustering, and other machine learning techniques.
- May participate in other department deliverables and activities such as enterprise risk management (including support for catastrophe management), economic capital modeling, rate reviews, loss reserving and planning. Provides innovation and leadership when applicable.
- Leads the innovation and efficiency efforts related to tools and analysis in support of Underwriting’s pricing decisions with respect to large accounts as well as small commercial portfolio price adequacy analyses.
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Berkley Fire & Marine has a great opportunity to start your career as an Inland Marine Assistant Underwriter. You will work closely with experienced local and regional underwriters and management learning all aspects of inland marine insurance underwriting and contributing to building a profitable portfolio of business while gaining a substantive understanding of the roles and responsibilities of inland marine underwriting. This is a great opportunity to grow and develop your career.
Key job functions over the next 1-5 years will include:
- Learning inland marine coverages and forms;
- Demonstration of functional knowledge of underwriting, producer relationships and market management;
- understanding our approach to managing our relationships with clients and producers;
- exhibit proficiency in our marketing/sales methodologies; and
- Developing a functional understanding of inland marine insurance.
The successful candidate will provide technical support to underwriting staff, participate in various underwriting and educational activities, and be responsible for:
- Aiding in building superior distribution partnerships with agents and brokers;
- Analyzing applications, determining acceptability of risk in accordance with Company guidelines and practices in order to assist underwriting with the appropriate underwriting decisions;
- Analyzing quality, quantity, and profitability of risks underwritten and preparing reports for underwriting and management review;
- Assisting in the management of the Inland Marine and Property business to achieve the goals and objectives established. Ensuring continued profitable growth;
- Execute special projects in pursuit of enhanced operational excellence, delivery of valuable external marketing materials, and portfolio analysis reporting;
- Self-study in pursuit of appropriate designations as defined by management;
- Assisting with product development in creation of innovative products and service to introduce to the market.
- Interact with the marketplace through frequent attendance of regional client and producer meetings
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Berkley Fire & Marine has a great opportunity to start your career as an Inland Marine Assistant Underwriter. You will work closely with experienced local and regional underwriters and management learning all aspects of inland marine insurance underwriting and contributing to building a profitable portfolio of business while gaining a substantive understanding of the roles and responsibilities of inland marine underwriting. This is a great opportunity to grow and develop your career.
Key job functions over the next 1-5 years will include:
- Learning inland marine coverages and forms;
- Demonstration of functional knowledge of underwriting, producer relationships and market management;
- understanding our approach to managing our relationships with clients and producers;
- exhibit proficiency in our marketing/sales methodologies; and
- Developing a functional understanding of inland marine insurance.
The successful candidate will provide technical support to underwriting staff, participate in various underwriting and educational activities, and be responsible for:
- Aiding in building superior distribution partnerships with agents and brokers;
- Analyzing applications, determining acceptability of risk in accordance with Company guidelines and practices in order to assist underwriting with the appropriate underwriting decisions;
- Analyzing quality, quantity, and profitability of risks underwritten and preparing reports for underwriting and management review;
- Assisting in the management of the Inland Marine and Property business to achieve the goals and objectives established. Ensuring continued profitable growth;
- Execute special projects in pursuit of enhanced operational excellence, delivery of valuable external marketing materials, and portfolio analysis reporting;
- Self-study in pursuit of appropriate designations as defined by management;
- Assisting with product development in creation of innovative products and service to introduce to the market.
- Interact with the marketplace through frequent attendance of regional client and producer meetings
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The Underwriting Assistant role with CWG offers the unique opportunity to learn and grow within Commercial Underwriting.
This role works directly with a dedicated underwriting team and offers contact with team members and agents allowing for the progression of commercial knowledge.
- Supports Underwriter by reviewing incoming correspondence and applications to determine proper procedural action. Examines information provided in the application and related resources to determine if risk meets established eligibility guidelines. Consults agent or obtains reports for Underwriter when additional information is necessary. Routes risk-involved matters that are beyond assigned authority level to Underwriter for evaluation. Maintains established department service and quality standards.
- Prepares quotes or accepts and prices new commercial property/casualty accounts that meet established risk selection criteria and are within the Underwriting Assistant’s assigned authority level.
- Evaluates renewal commercial property/casualty accounts and endorsements, within authority level, by reviewing updated account information, claims experience, loss control surveys, risk acceptability and pricing. Consults agent for additional information when necessary. Within authority, determines if account will be renewed or cancelled.
- Develops and maintains professional, productive working relationships with agency force to encourage profitability, growth and good understanding of our Company’s pricing and risk selection philosophy. Assists agents with questions regarding account
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Within authority, the incumbent will manage assigned brokers to underwrite Environmental lines for any industry segment.
Duties and Responsibilities:Work with assigned brokers to underwrite Pollution lines for on any industry segment.
Visit existing and potential new brokers to discuss our products and procedures such as; underwriting appetite, premium collection policy, profitability issues, pricing and coverage issues.
Possess the capability to analyze environmental exposures through the review of environmental reports and draft coverage around the findings.
Capable of looking beyond individual account transactions; managing a book of business to achieve new business, renewal retention and ROE objectives in support of the Division.
Handle all aspects of processing the Broker accounts.
Perform financial analysis on the audited/reviewed financials or other financial information of insures using appropriate tools.
Create and solicit renewal applications from the broker after reviewing the expiring policy and loss information.
Underwrite endorsement requests from brokers and sign-off where required.
May assist other underwriters in processing renewals, new business and endorsements.
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Participate in the entire software development life cycle, debugging applications and configuring existing systems. Designs and implements robust and reliable solutions. Work within a small team of developers to accomplish software development results.
ESSENTIAL FUNCTIONS
- Participate in requirements analysis
- Collaborate with internal teams to produce software design and architecture
- Write clean, scalable code using C# and JavaScript
- Revise, update, refactor and debug code
- Improve existing software
- Develop documentation throughout the software development life cycle (SDLC)
- Serve as an expert on applications and provide technical support
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- Key player in most aspects of the day-to-day accounting operations including, but not limited to:
- Month-end closings.
- Account analysis/reconciliations.
- Timely resolution of reconciling items.
- Preparation of STAT and GAAP financial and management reports.
- Ensure compliance with GAAP and statutory accounting principles
- Develop and document business/accounting processes, workflows and controls with a continuous improvement mindset that constantly looks to improve operating efficiencies while maintaining or strengthening internal controls.
- Utilize information technology tools to further enhance processes and maintenance of records.
- Primary responsibility for the accurate and timely recording/analysis of monthly premium and loss accounting transactions; including working closely with the Actuarial Team to assist in the coordination of data required for their month-end responsibilities.
- Cross train and serve as back-up for others on the Financial Accounting team as needed.
- Perform other duties and responsibilities as necessary to assure the overall success of the Finance Team.
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- Handle transactions in a timely and professional manner; communicate as needed with agents to obtain information needed to complete underwriting and transactions (i.e. quotes, new business, renewals, endorsements and cancellations).
- Responsible for working with Underwriters to manage a book of business, to include Workers Compensation, Commercial Auto, General Liability, and Umbrella for Energy Accounts.
- Reviews submissions for all required information – Request more information if needed
- Accurately enter information in systems and rating tools; produce accurate and timely policies for the agents and insureds.
- Ability to research rules, manuals, and problem solve for solutions
- Underwriting support functions such as ordering MVR’s, processing loss runs, posting notices, cancellation notices, etc.
- Set up electronic files, update logs and systems, email policies and general electronic filing required
- Process and complete endorsement transactions, accurately and timely
- Candidate must have strong customer service skills and ability to develop quality relationships with brokers and agents and internal casualty underwriters and underwriting assistants, as well as claims, finance and premium audit personnel.
- Ability to mentor and train others, as needed.
- Other duties as assigned
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The Vice President, Transactional Risk Underwriter will Underwrite Buy-Side Representations and Warranties Insurance for Global Financial and Strategic Buyers acquiring North American Targets in most industry segments. Underwriting will occur on deal time and underwriting decisions will be made in a commercial fashion while maintaining underwriting discipline.
Overall responsibilities will include the following:
- Review Submissions, Prepare Indications and Win Contracts
- Execute Expense Agreements and Non-Reliance Letters
- Clear Conflicts and Retain Counsel
- Identify issues in transaction documents, Review Diligence Reports and Identify Exclusions
- Manage Underwriting Calls
- Negotiate Coverage Terms and Conditions
- Issue Binders and Policies
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The Assistant Vice President, Transactional Risk Underwriter will Underwrite Buy-Side Representations and Warranties Insurance for Global Financial and Strategic Buyers acquiring North American Targets in most industry segments. Underwriting will occur on deal time and underwriting decisions will be made in a commercial fashion while maintaining underwriting discipline.
The overall responsibilities will include the following:
- Review Submissions, Prepare Indications and Win Contracts
- Execute Expense Agreements and Non-Reliance Letters
- Clear Conflicts and Retain Counsel
- Identify issues in transaction documents, Review Diligence Reports and Identify Exclusions
- Manage Underwriting Calls
- Negotiate Coverage Terms and Conditions
- Issue Binders and Policies
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- Data Management
- Ensure that data and/or associated reports are accurate and securely delivered in a timely fashion.
- Identify, research, analyze, and document data errors for correction.
- Utilize data to answer assigned business problems. Provide written, graphical, and verbal summaries of the analysis.
- Connect unrelated data sets from multiple sources both inside and outside the organization and use the same to extract meaningful insights.
- Service the data needs of both internal and external customers by providing reports and/or electronic files, as needed.
- Test code results by analyzing data output.
- Exposure
- Work in a professional environment and interact/network with staff and leadership.
- Observe and participate in all facets of the system development lifecycle including planning, requirements, development, and testing.
- Develop an understanding of information technology especially as it relates to data, data warehousing, ETL processes and data mining.
- Understand project management practices and approaches including waterfall and Agile methodologies.
- Tools
- Use Microsoft technologies such as SQL Server, .NET, in addition to our custom applications.
- Receive exposure to Python.
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Under moderate supervision, reconcile insured’s accounts and discrepancies and assist team in resolving matters pertinent to the processing and recovery of insured’s balances. This position will also provide processing and back-up support to the Surplus Lines Tax Specialist. This position will be assessed based on customer focus, productivity, accuracy and thoroughness, and ability to learn and apply new skills.
Responsibilities
- Research, correct, provide phone assistance and correspond with agents, policy holders, and mortgage companies regarding issues with billing, payment processing, installments, cancellation notices, audits, commissions, or refunds on a daily basis.
- Coordinate with Underwriting and/or Agents regarding policy rewrites, receipt of monies for reinstatement and cancellations, and payment options.
- Receive, review, and perform data entry in billing systems for various transactions and rejected payments.
- Enter, correct, and process cash entries daily.
- Review, process, and mail notices, acknowledgements, monthly agent account statements and other correspondence.
- Monitor email accounts and respond in a timely and professional manner to email inquiries and communications.
- Maintain and monitor disbursements in the billing system for timely issuance of credit balances to policy holders or agents.
- Audit and reconcile accounts, coordinate with other departments to properly establish commissions, premiums, and other monies.
- Responsible for maintaining the company receivables by following the statutory guidelines of clearing aged transactions timely.
- Proactively research and address all outstanding receivables before they reach 90days.
- Provide support to all interdepartmental personnel as requested or assigned.
- Complete special projects assigned by management.
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The Underwriting Manager manages the day to day activities of production underwriters and coordinates their activities with internal and outside personnel. Operates within a letter of authority for referral underwriting and quality control. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.
Responsibilities
- Supervises, coordinates, and monitors activities and results of the production underwriting team to obtain and ensure accurate, quality work while at the same time maintaining high production standards.
- Monitors workflow of unit to ensure work is done in a timely fashion and deadlines are met.
- Provides technical guidance and expertise to underwriters. Conducts agency visits as required by company standards and coaches production underwriters in successful agency interactions. Helps production underwriters analyze agency production progress and put together action plans for agency management.
- Recommends procedural changes and plans, organizes and implements these changes. Keeps current on all changes effecting unit's work production and on changes within the insurance industry.
- Responsible for the profitability and production of the team per annual goals and budgeting.
- Arbitrates and solves issues between agents, insured's, or other departments.
- Develops and utilizes management reports to assist in monitoring team and individual underwriter results.
- May testify in court and/or participates in the taking of depositions as needed on claims or coverage issues.
- Participates in pricing reviews.
- Oversees training and development of staff. Evaluates and gives guidance to staff on an on-going basis as to their abilities and duties and makes personnel recommendations to ensure proper and optimum use of personnel.
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Within authority, the incumbent will manage assigned brokers to underwrite Environmental lines for any industry segment.
Duties and Responsibilities:
- Work with assigned brokers to underwrite Pollution lines for on any industry segment.
- Visit existing and potential new brokers to discuss our products and procedures such as; underwriting appetite, premium collection policy, profitability issues, pricing and coverage issues.
- Possess the capability to analyze environmental exposures through the review of environmental reports and draft coverage around the findings.
- Capable of looking beyond individual account transactions; managing a book of business to achieve new business, renewal retention and ROE objectives in support of the Division.
- Handle all aspects of processing the Broker accounts.
- Perform financial analysis on the audited/reviewed financials or other financial information of insures using appropriate tools.
- Create and solicit renewal applications from the broker after reviewing the expiring policy and loss information.
- Underwrite endorsement requests from brokers and sign-off where required.
- May assist other underwriters in processing renewals, new business and endorsements.
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This is an opportunity for a candidate with strong SQL and Excel skills and at least 2 years’ experience in casualty insurance to develop knowledge in ERM.
In addition to strong SQL and Excel skills, the role requires a Bachelor’s degree with a minimum GPA of 3.0 in Science, Technology, Engineering, Mathematics, or Actuarial Science
The primary functions of the role include responsibilities across three broad areas:
- Casualty accumulations, assisting the AVP, ERM with the following:
- Review of casualty exposure data provided by our operating units for completeness and accuracy
- Query and discuss casualty exposure data with our operating companies based on these data reviews
- Engineer and load the casualty exposure data into our proprietary casualty accumulation system
- Develop and produce operating company accumulation reports
- Develop documentation across the entire casualty accumulation system cycle
- Peer review of gross accumulations
- Review and validation of data from other sources, and identification of opportunities to adopt these alternative data sources
- Cyber accumulations, assisting the VP, ERM with the following:
- Improve efficiency of cyber insurance data collection and collation process
- Assist with quality review of cyber insurance data
- Create database to house cyber insurance data
- Develop and produce reporting from this database to meet internal and external reporting requirements
- Develop documentation across the entire cyber insurance accumulation cycle
- Catastrophe accumulations, assisting the corporate catastrophe modeling team with the following:
- Review and validation of data from other sources, and identification of opportunities to adopt these alternative data sources
- Develop more efficient means of collecting and collating data related to catastrophe exposures
- Assist in identifying and implementing process and reporting improvements related to catastrophe modeling results and catastrophe exposure aggregations
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This role will involve interactions with our operating companies and our enterprise data warehouse team to ensure that modeling data is “best in class”, and the processes around the collection, collation and analysis of the modeling data are efficient, robust and well documented.
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This is an opportunity for a candidate with strong SQL and Excel skills and at least 2 years’ experience in insurance to train as a catastrophe analyst. The role would also suit candidates with up to 3 years catastrophe modeling experience.
The primary functions of the role include:
- Modeling US natural perils and terrorism accumulations for property and workers’ compensation business lines for several of the Group’s operating companies
- Communicating modeling results with the operating companies, and assisting them in fully utilizing these results in their pricing and exposure management
- Collating and reporting on catastrophe aggregations
- Assisting with corporate reporting on catastrophe modeling
- Assisting in the development of broad exposure-based models to estimate potential natural peril losses in business lines that do not fit within the commercial cat models
- Developing and implementing reporting and data solutions using SQL Server
- Participating in the design of operations and procedures to improve Catastrophe Modeling process
This challenging and rewarding role involves a high level of interaction with our operating companies, providing catastrophe modeling and analysis through the entire modeling cycle. Training will be provided in the principles of catastrophe modeling and the use of RMS modeling software.
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Underwriters will be assigned to a particular geographic territory or product category and will be expected to promote profitable written premium growth and favorable loss ratios in accordance with BCIM Best Practices, Underwriting Guidelines, Line of Business risk appetite, and personal Underwriting Authority. Underwriters may also be required to oversee the efficiency and effectiveness of other Underwriters and Technical Assistants.
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The Underwriting Technical Analyst is a member of the workers’ compensation product team within the underwriting department, and collaborates closely with production/field underwriting, technology and other teams on underwriting projects. The position contributes to development and implementation of underwriting appetite, guidelines, tools and systems. Primary responsibilities include defining, implementing and testing underwriting, operational and system enhancements to improve quality of underwriting and efficiency of underwriting processes. Other duties include research, analysis, documentation and communication in support of the company’s underwriting functions and projects. The Underwriting Technical Analyst will assist in providing California and multi-state support to underwriting staff by maintaining and disseminating reference and learning material, producing reports, and conducting training. The position also involves regulatory/corporate compliance and reporting activities, and quality control.
Responsibilities include:
- Assist in providing California and national research and expertise on various subjects to support company expansion of underwriting strategy, procedures, and systems development.
- Collaborate in the development, implementation and maintenance of underwriting programs and tools.
- Assist and frequently take lead role in system projects (configuration, enhancements, updates) by writing system requirements, coordinating with BSA’s and developers, drafting test cases, performing user testing, and providing documentation and training.
- Build and maintain underwriting databases such as competitor intelligence database, training and reference material database, manuals database.
- Perform research and documentation of new/current laws, statutes, and regulations and communication with appropriate departments. Perform competitor tracking and rate studies.
- Assist in compliance projects and perform underwriting file reviews to ensure compliance with regulatory authorities, corporate and internal standards and procedures.
- Correspond with the DOI and other regulatory organizations regarding inquiries and other matters.
- Assist in developing underwriting training agendas and materials, often lead training sessions.
- Participate in managing policy coverage forms, including filing forms with regulators and implementing in policy management system.
- Perform duties, projects and assignments as deemed necessary.
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Within authority, the incumbent will manage assigned brokers to underwrite and process environmental and/or casualty lines for the Environmental Services Industry and/or Environmental lines for any industry segment.
Duties and Responsibilities:
- Work with assigned brokers to underwrite Pollution, Professional Liability, General Liability, Automobile, Worker Compensation and Excess lines focused on the Environmental industry.
- Visit existing and potential new brokers to discuss our products and procedures such as; underwriting appetite, premium collection policy, profitability issues, pricing and coverage issues.
- Possess the capability to handle all lines of business and all types of rating programs
- Capable of looking beyond individual account transactions; managing a book of business to achieve new business, renewal retention and ROE objectives in support of the Division.
- Handle all aspects of processing the Broker accounts.
- Perform financial analysis on the audited/reviewed financials or other financial information of insures using appropriate tools.
- Create and solicit renewal applications from the broker after reviewing the expiring policy and loss information.
- Underwrite endorsement requests from brokers and sign-off where required.
- May assist other underwriters in processing renewals, new business and endorsements
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Position Summary
The Pricing Actuary will work closely with the Chief Actuary and be the primary liaison with Underwriting. Collaboration and communication are critical so that meaningful insights can be formed and solutions implemented with our business partners, positioning the company for profitable growth.
Responsibilities
- Work independently to obtain and organize data from various sources
- Perform advanced actuarial analysis, inclusive of advanced analytics and modeling, resulting in suggestions for actions
- Translate the needs of business leaders into insightful exhibits, analyses, and/or tools
- Manage priorities to meet mandated deadlines and keep discretionary projects moving with a sense of urgency
- Lead processes for the department such as Rate Reviews, Modeling Project, Budget, Price Monitoring, etc.
- Support the monthly and quarter financial close with reporting requirements
- Automate routine processes for greater efficiencies
- Assist Underwriting in identifying segments with profitable growth potential; identify under-performing segments and propose corrective actions to improve profitability
- Provide assistance in the development of rating methodologies concerning both existing and new company products
- In all aspects, share the results of actuarial analyses with non-actuarial peers and executives through effective verbal and written communication and effective exhibits