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Company Berkley Surety
Location Name GA, Atlanta - 2 Ravinia Drive - Suite 1050
  The Underwriting Admin II Provides technical, administrative, and underwriting support to assigned field offices. General functions include processing of new and existing business, system maintenance, agency inquiry support, document preparation, and overall bond portfolio management support.    Key functions will include but not be limited to: - Sets up and amends account submissions and bond related information within the BASIS system ensuring that all relevant information is accurate and compliant with company standards. - Prepares bid and final bond (contract or commercial) requests within BASIS for review and approval from underwriters. Updates bid status information within BASIS when received by the field underwriter. - Processes all final bonds ensuring that all data is input correctly; that premiums and commission are accurate with respect to the account and producing agent; and that all supporting documentation is placed within the virtual bond file within the BASIS system in accordance with Company guidelines. - Proactively works on the pre-renewal and renewal processes and works collaboratively with field underwriters to ensure that all bond renewals processed or otherwise handled (closed or canceled) in a timely manner - Maintains a diary system and produces other company reports relating to performance bonds to assist field underwriters with the management of their surety portfolios. Sends out Bond Status Inquires, in accordance with Company standards or at the direction of field underwriters. - Has a solid understanding of BSG Rating Manuals and can accurately use applicable rating worksheets to support accurate premium computation and proper coding of bond activity. - Identifies and recommends process improvements that promote more effective business practices. - Effectively researches, responds, and resolves agency billing issues and inquiries on a bond specific level or at an agency level. - Orders credit reports and Dun and Bradstreet reports to support field underwriters. - May handle the review and distribution of incoming mail. - Performs other duties as assigned.
Primary Location
Company Berkley Surety
Location Name MA, Danvers
The Contract SuretyUnderwriting Trainee is an entry level position that allows recent college graduates or individuals with no surety experience to participate in a Surety specific training program. Under the supervision of an Underwriting Officer or Manager training will consist of a combination of reading assignments and on-the-job training. The first stage of training will provide a general overview of surety as well as basic financial analysis. The next stage will focus on learning how to underwrite (analyze and assess) the operational and financial strength of companies from a wide range of industries as well as the fundamentals of contract surety underwriting. By the end of the program, the individual will be able to make preliminary recommendations on specific bond requests as well as new account submissions and renewal lines of credit.     *Individuals interested in this opportunity MUST be able to reside in New Jersey for the duration of the training program and then relocate to our Danvers, MA office at the end of the program.     Duties and responsibilities include, but are not limited to: - Complete reading and study assignments on surety and financial statement analysis. - Perform basic analysis of financial statements and supporting schedules. - Sign-up for and complete the AFSB program; passing the parts 151 and 152 within the first year of hire. AFSB 153 should then be completed within six months of first anniversary. - Review analysis with direct manager. - Assist in data entry and maintains financial underwriting files according to company guidelines. - Conduct initial evaluation of bond forms and contract documents in an effort to assess risk. - Communicate findings and recommendations to direct manager in a thoughtful and logical manner. - Develop the ability to communicate effectively on technical topics in both written and oral format, establish a working rapport with Field and Home Office personnel, exhibit good listening skills and the capacity to gain knowledge and expertise with additional experience and further training.  
Primary Location
MA, Danvers

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