E&S Business Development Underwriter

Berkley Aspire (a Berkley Company); Washington (District of Columbia); On-site; USD 80,000 - 120,000; Full time

Job summary

A leading company in the insurance sector is seeking an E&S Business Development Underwriter to manage underwriting territory and develop agent relationships. This role offers competitive salary and benefits, with opportunities for growth and advancement in a supportive environment.

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Time Off

401(k)

Profit-Sharing Plans

Qualifications

• 5+ years of commercial lines underwriting experience, E&S experience preferred.
• Demonstrated success in commercial lines property casualty insurance.

Responsibilities

• Manage underwriting territory in Virginia, Maryland, and DC for profitable growth.
• Develop relationships and educate agents to maximize opportunities.
• Evaluate new and renewal account information to determine risk acceptability.

Skills

Commercial Lines Underwriting

Relationship Management

Sales

Risk Assessment

Tools

SAGE

Silver Plume

Reference Connect

Job description

Join to apply for the E&S Business Development Underwriter role at Berkley Aspire (a Berkley Company)

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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!

Responsibilities

1. Manage your assigned underwriting territory in Virginia, Maryland, and Washington, DC to achieve profitable growth, including underwriting new business, renewals, endorsements, and other transactions. Identify new business opportunities and manage agency relationships.
2. Develop relationships and educate agents within agency plant to maximize opportunities and achieve profitable growth.
3. Initiate outbound calls to agencies to identify sales opportunities and collect agent intelligence.
4. Achieve new business premium, renewal premium retention, and rate change objectives.
5. Within company guidelines and granted underwriting authority, evaluate new and renewal account information to determine risk acceptability, terms/conditions to be quoted, and pricing.
6. Make sound risk and pricing decisions that achieve profitable loss ratios.
7. Maintain underwriting quality score of 90% or greater. Document underwriting file to support acceptability and pricing in accordance with company guidelines.
8. Achieve customer service standards, including established objectives for: new business quote turnaround, renewal quotes, endorsement, cancellation, audits, and other transactions, and policy issuance.
9. Provide detailed issuance instructions to ensure policy is delivered consistent with quoted terms and conditions and in accordance with established guidelines relative to policy construction.
10. Review mid-term endorsement requests for acceptability and provide instructions for processing.
11. Evaluate premium audit referrals to determine class acceptability and/or appropriateness of current exposure base. Adjust current term with acceptable changes to ensure company gets timely payment of adequate premium.
12. Order and review inspections to confirm accounts written are consistent with preliminary underwriting information and take action when the inspection reveals unacceptable risk characteristics.
13. Assist with training, mentoring, and coaching of less experienced team members.
14. Determine if facultative reinsurance is needed and if so, factor reinsurance cost in gross pricing, complete cession procedures; documentation file, and follow established workflow procedure to ensure proper reporting / accounting.
15. Utilize various underwriting tools to determine acceptable risk characteristics, accurate exposure classifications, set property limits, rate and quote business to agents, support other underwriters as assigned when traveling or out on vacation/sick time.

Qualifications

1. Demonstrated success in commercial lines property casualty insurance businesses.
2. 5+ years of commercial lines underwriting experience, E&S experience highly preferred.
3. Past experience working with independent agents and surplus lines underwriting is preferred.
4. Basic knowledge of computer programs in a Windows environment, including Word, Excel, and E-mail.
5. Familiarity with online underwriting tools (e.g., SAGE, Silver Plume, Reference Connect) is preferred.
6. Ability to travel within your territory up to 50%.

Additional Company Details

We do not accept unsolicited resumes from external recruiting firms.

Benefits

The role offers a salary range of $80,000 - $120,000, with benefits including health, dental, vision, life, disability, wellness, paid time off, 401(k), and profit-sharing plans. Salary will depend on experience and other factors. The position is eligible for an annual discretionary bonus.

Sponsorship Details

Sponsorship not offered for this role.