Life Science Associate

Berkley; Ewing Township (NJ); On-site; USD 85,000 - 120,000; Full time

Job summary

W. R. Berkley Corporation, through Berkley Life Sciences, seeks an associate underwriter in New Jersey. The role focuses on new business production, renewal underwriting, and service for a producer group within Life Sciences. You will collaborate with multiple departments to ensure compliance and timely service.

You will review submissions, contribute to pricing decisions, and manage risk within authority while building strong insured and broker relationships to drive growth and profitability.

Qualifications

• Bachelor’s degree or equivalent experience required.
• Minimum of 3 years of associate underwriting experience including products or property, workers compensation and automobile.
• Prior claims-made experience is a plus.
• Life Sciences experience is a plus.

Responsibilities

• Build strong relationships with internal and external customers and colleagues to meet financial goals: growth, profit, retention, and new business.
• Negotiate and strategize underwriting decisions within authority.
• Review new line/endorsement submissions and stay within binding authority.
• Drive renewal process, review renewals, work with producers to obtain underwriting information.
• Manage assigned book to achieve budgeted rate, retention and new business goals.
• Execute pricing components and rating methodologies.

Skills

Accountability

Communication

Customer Focus & Teamwork

Flexibility

Innovation and Initiative

Analytical thinking

Underwriting knowledge

Microsoft Office

Education

Bachelor’s degree or equivalent experience

Tools

Microsoft Office Suite

Job description

Company Details

W. R. Berkley Corporation is a Fortune 500 Company, listed on the New York Stock Exchange. The Company is made up of dedicated and passionate people committed to delivering the highest quality insurance products and services to specialized markets worldwide.

Our culture is one of innovation, creativity and teamwork. Our team is highly motivated, passionate about our business, and deeply experienced in developing and delivering product and service solutions in the life science marketplace. You will join a highly respected team of experienced, successful professionals with deep expertise in this market as they build the company of the future.

At Berkley Life Sciences, we insure the future of life science innovators today. We do so by serving as a preferred market for the life science industry around the globe, offering a broad range of sophisticated property & casualty products and services designed to meet our customers’ individualized needs.

The company is an equal employment opportunity employer.

Berkley Life Sciences professionals cohesively respond to the unique challenges faced by our life science customers. We are looking for talented and dedicated professionals to join our team.

Company URL: https://berkleyls.com/

Responsibilities

This role, a key contributor within the Berkley Life Sciences organization, is responsible for the new business production, renewal underwriting and service of business for an assigned group of producers and underwriters. This role works closely with every department to meet all compliance, regulatory and service guidelines.

Key Functions/Duties of Position: Describe the overall job responsibilities (including any decision-making authority) for this position.

In strategic alliance with the Manager, LSA

• Build strong relationships with internal and external customers and colleagues to ensure you meet or exceed financial goals including growth, profit, retention, and new business.
• Demonstrate the ability to negotiate and strategize and make sound underwriting decisions within authority.
• Review all new line/endorsement submissions and stay within applicable binding authority
• Drive renewal process, review upcoming renewals, work with producers to obtain and evaluate all underwriting information, prepare for renewal for the Life Sciences Specialist
• Manage assigned book to achieve budgeted rate, retention and new business goals
• Execute proper pricing components and rating methodologies.
• Responsible for account solicitation, risk selection, research and analysis including the corresponding documentation and pricing, and marketing of Berkley Life Sciences products and services for new and existing customers.
• Analyze, assess and select risks in accordance with BLS for account rounding goals.
• Responds to coverage inquiries from producers.
• Stay current with all compliance, procedural and workflow changes.
• Work collaboratively and effectively with underwriters, operations, legal, home office underwriting and claims

Qualifications

Education Requirement

• Bachelor’s degree or equivalent experience
• Minimum of 3 years of associate underwriting experience including products or property, workers compensation and automobile
• Claims made experience a plus.
• Products Liability experience a plus
• Life Sciences experience a plus

Qualifications: Include necessary skills/experience and core competencies required

Technical Skills and Competencies

• Accountability
• Communication
• Customer Focus & Teamwork
• Flexibility
• Innovation and Initiative

Additional Qualifications

• Exceptional oral and written communication skills. Your communication style is flexible to the situation. You communicate clearly and with a purpose
• Calm under pressure. You have excellent organizational skills, integrity, and great follow-through on tasks. You are comfortable challenging norms while working collaboratively with colleagues at all levels of the organization
• You have a strong sense of accountability, fun and adventure
• You have a proven track record of building and maintaining strong business relationships with insureds, agents & brokers.
• A strong customer service bias. You want to get to yes. You are known for your super responsiveness. You can say no and maintain your relationships.
• Natural curiosity. You love learning how things work and you are always looking for innovative improvements
• An analytical mind. You love to dive into the details of an account to craft pricing and coverage that meet underwriting guidelines, profitability models and customer needs
• Interest in pursuing a career in underwriting, with a strong foundation in risk assessment, analytical thinking, and a commitment to developing technical expertise in life science products and markets.
• Advanced proficiency with the Microsoft suite of products
• The Company is an equal employment opportunity employer