Senior Renewal Underwriter

W. R. Berkley Corporation; East Hampshire; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a skilled underwriter to manage a renewal portfolio and ensure compliance with company standards. This role involves making critical risk and pricing decisions while mentoring a team of underwriters. The company promotes an entrepreneurial culture and offers a hybrid work environment, making it an ideal place for those looking to advance their careers. With a focus on sustainable growth and employee well-being, this opportunity provides a robust benefits package, including health, dental, and retirement plans, alongside a competitive compensation structure. If you're ready to take your underwriting expertise to the next level, this position could be your perfect fit.

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Wellness Programs

Paid Time Off

401(k)

Profit-Sharing Plans

Qualifications

• 5+ years of commercial lines experience, preferably in excess and surplus lines.
• Bachelor’s degree required; advanced insurance coursework is a plus.

Responsibilities

• Underwrite and maintain renewal portfolio, ensuring profitability and compliance.
• Provide guidance and mentorship to the underwriting team.

Skills

Commercial Lines Experience

Leadership Skills

Risk Assessment

Communication Skills

Education

Bachelor’s Degree

Advanced Professional Insurance Coursework

Tools

SAGE

Silver Plume

Reference Connect

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

Company Details

Berkley Aspire is an excess & surplus lines insurer of commercial risks unable to find a home in the standard markets. We are an operating unit of WR Berkley, a publicly traded (NYSE “WRB”) global insurer founded in 1967.

We make excess & surplus lines easy – easy for our distribution partners, easy for the businesses they represent, and easy to navigate. The lines of coverage we underwrite include general liability, property, and excess liability. Our model is different than our competitors – we do the premium billing and do not add interest/ finance percentage, we offer enhanced commissions, and we handle the stamping, affidavit filings, and other behind-the-scenes paperwork.

Our company culture is entrepreneurial, employee centric, and focused on sustainable growth. Aspire teammates work either remotely or on a hybrid schedule from offices in Scottsdale, Cincinnati, and Richmond. If you are looking for a company that offers room for advancement, great benefits, and positive vibes, then Aspire may be the place for you!

www.berkleyaspire.com

Responsibilities

Underwrites and maintains renewal portfolio in assigned book of business including all post issuance transactions. (Policy changes, cancels, reinstates, reinsurance, etc). Underwrites renewal business within authority to maintain profitability in accordance with rate and retention company standards.

• Responsible for monitoring renewal production, profitability, and maintaining agency relationships.
• Utilize underwriting expertise and authority guidelines to independently make decisions within granted letter of authority on renewal accounts. Establishes terms and pricing to be provided. Negotiates terms with retail agents.
• Review and underwrite fast track renewals based upon authority granted and provides guidance as needed to associate underwriting team.
• Makes sounds risk and pricing decisions that achieve profitable loss ratios.
• Maintain underwriting quality score of 90% or greater. Document underwriting file to support acceptability and pricing in accordance with company guidelines.
• Achieve designated customer service standards.
• Provide detailed guidance to associate underwriting team to ensure policy is delivered constant with quoted terms and conditions in accordance with established guidelines relative to policy construction.
• Review all post transaction requests for acceptability up to the authority granted.
• Review inspections to confirm accounts written are consistent with preliminary underwriting information and take action needed based on found information.
• Utilize various underwriting tools to determine acceptable risk characteristics accurate classifications, insurance to value, calculate rates, etc.)
• Review policy audits and refer to leadership as needed.
• Assist with training, mentoring and coaching of less experienced team members on the underwriting floor.
• Proficient coverage knowledge in Commercial General Liability, Commercial Property and Commercial Excess Liability. Utilize coverage understanding to assess potential exposure and make judgements regarding appropriate form attachment and fill-in form verbiage on renewal accounts.
• Ability to take on special projects as needed to advance underwriting knowledge across underwriting departments.
• Consults with new business departments on territorial expertise regarding market conditions, trends and state-specific nuances that may impact underwriting decision to territory teams.
• Effectively communicates (written/verbal) information to both internal and external customers to ensure our standards of excellence are maintained.

Qualifications

• Bachelor’s degree.
• Advanced professional insurance coursework completion of other insurance related classes is a benefit.
• Minimum of 5 years of commercial lines experience. Excess and Surplus lines experience preferred.
• Ability to exhibit informal leadership across team.
• Basic knowledge of computer programs in a Windows environment, including Word, Excel, Outlook, etc.
• Prior experience working in a paperless environment, including familiarity with online underwriting tools is preferred. (SAGE, Silver Plume, Reference connect, etc.)

Additional Company Details

We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full-time regular employees which for this role includes: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. This role will be eligible to participate in the annual discretionary bonus program.

Sponsorship Details

Sponsorship not Offered for this Role.