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
Join us as a Territory Underwriting Manager who will develop regional and local Business Strategic, Tactical and Operational plans. Execute Action Plans, develop deep agency relationships, and represents the Company locally, regionally and on a national basis. Partner with Sr. Management of the Company and Regional Companies to drive both growth and profitability. Place your mark in the development of Marine and Property strategic and tactical plans based on company plans, technological advances, and corporate plans and work within limits of authority requiring the highest degree of technical complexity and coordination. Our focus will be on complex property, marine risks and programs that will drive profitable growth.
Making an impact includes:
- Building superior distribution partnerships with agents and brokers. Developing and implements sales plans to leverage profitable business growth.
- Analyzing applications, determining acceptability of risk in accordance with Company guidelines and practices in order to make the appropriate underwriting decisions. Applying underwriting guidelines and appetite to risk selection and pricing.
- Keeping current on state/territory issues and regulations, industry activity and trends and freely shares information with others. Negotiating with agents to reach positive and profitable outcomes.
- Developing a diverse book of business consisting of varied inland marine and property classes of business, risk size and complexity. Analyzing quality, quantity, and profitability of risks underwritten and preparing reports for management review.
- Assisting in the management of the Inland Marine and Property business to achieve the goals and objectives established. Ensuring continued profitable growth.
- You may provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities and providing assistance to underwriters requiring referrals due to the authority levels.
- Collaborating with management on risks exceeding authority level or requiring special handling. Evaluating underwriting performance based on financial analysis including rate, reserve adequacy, operational execution, planning and product reviews.
- Collaborating with Regional Companies in developing regional inland marine and property business plans.
- Assisting with product development in creation of innovative products and service to introduce to the market.
- Collaborating with business partners in Risk Control, Actuarial, Finance and Claims to driver profitable results and developing program opportunities.
ID
2019-3329
Primary Location
US-CA-Los Angeles
Company
Berkley Fire & Marine Underwriters
Location Name
IL, Schaumburg - 425 N Martingale Road
The Inland Marine Adjuster will provide prompt, fair and effective Inland Marine claims service for insureds and claimants through the use of phone and correspondence. This position will primarily focus on first party Commercial Property and Inland Marine lines including Builders’ Risk and Contractors’ Equipment. However, the position will not be limited to these lines. Core lines of business include Commercial Property, Builder’s Risk, Contractor’s Equipment and Motor Truck Cargo Legal Liability; plus various other specialty Marine products.
Responsibilities include but are not limited to:
Investigation of claims made by insureds and claimants. Including but not limited to proper coverage determination and/or liability determination, 24-hour contacts, taking of recorded statements. Evaluate and negotiate settlements including denial of claims either not covered or where no liability exists. Obtain proper forms and documents.
Establishing and maintaining proper reserving throughout the life of the claim file. Maintain appropriate diary schedules of all claims in the care and custody of the adjuster. Evaluate estimates and bills for accuracy and applicability to coverage relating to the type of claims submitted.
Complete all necessary reporting forms according to procedures on a daily basis. Entry of proper claim reserves, and claim payments. Maintain in chronological order; appropriate file notes on the system. Initiate subrogation and dispose of salvage according to established procedures.
Inform the Underwriting Department of risk hazards discovered through the investigation of the claim. Advise supervisor immediately of all claims of a severe nature or exceeding settlement authority.
Direct attorneys, independent adjusters and other vendor/experts on claims in litigation or that require outside assistance. Attend mediations and settlement conferences when warranted.
Strictly adhere to all claim best practices and operate within set authority level.
Assist in training of other personnel as directed and maintain a good working relationship with supervisors, associates, agents and the public.
Participate as a thought partner by giving and receiving constructive feedback and championing innovation and continual process improvement.
Join us as a Territory Underwriting Manager who will develop regional and local Business Strategic, Tactical and Operational plans. Execute Action Plans, develop deep agency relationships, and represents the Company locally, regionally and on a national basis. Partner with Sr. Management of the Company and Regional Companies to drive both growth and profitability. Place your mark in the development of Marine and Property strategic and tactical plans based on company plans, technological advances, and corporate plans and work within limits of authority requiring the highest degree of technical complexity and coordination. Our focus will be on complex property, marine risks and programs that will drive profitable growth.
Making an impact includes:
- Building superior distribution partnerships with agents and brokers. Developing and implements sales plans to leverage profitable business growth.
- Analyzing applications, determining acceptability of risk in accordance with Company guidelines and practices in order to make the appropriate underwriting decisions. Applying underwriting guidelines and appetite to risk selection and pricing.
- Keeping current on state/territory issues and regulations, industry activity and trends and freely shares information with others. Negotiating with agents to reach positive and profitable outcomes.
- Developing a diverse book of business consisting of varied inland marine and property classes of business, risk size and complexity. Analyzing quality, quantity, and profitability of risks underwritten and preparing reports for management review.
- Assisting in the management of the Inland Marine and Property business to achieve the goals and objectives established. Ensuring continued profitable growth.
- You may provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities and providing assistance to underwriters requiring referrals due to the authority levels.
- Collaborating with management on risks exceeding authority level or requiring special handling. Evaluating underwriting performance based on financial analysis including rate, reserve adequacy, operational execution, planning and product reviews.
- Collaborating with Regional Companies in developing regional inland marine and property business plans.
- Assisting with product development in creation of innovative products and service to introduce to the market.
- Collaborating with business partners in Risk Control, Actuarial, Finance and Claims to driver profitable results and developing program opportunities.
*Position located in Overland Park, Kansas area.
ID
2019-3145
Primary Location
US-KS-Overland Park
Loc2
Kansas
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