Renewal Underwriter

W. R. Berkley Corporation; Glen Allen (MO); On-site; USD 75,000 - 85,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

Wellness program

Paid time off

401(k) and profit sharing

Job summary

Verus Specialty Insurance, a member of the W.R. Berkley Corporation, is seeking a Renewal Underwriter to assess and underwrite risks within a book of business.

You will work under broad supervision, maintaining strong broker relationships and applying underwriting guidelines to qualify risk acceptability. Responsibilities include negotiating coverage, meeting production metrics, and delivering excellent client service while traveling as needed.

Qualifications

• College degree or equivalent work experience in the insurance industry; designations are a plus.

Responsibilities

• Under broad supervision, underwriter will assess risks in a book of business.
• Maintain and develop broker relationships.
• Identify new product line opportunities and apply underwriting standards to qualify risk acceptability.
• Negotiate coverage issues and close sales; ensure customer satisfaction.
• Meet or exceed line of business production metrics.
• Provide timely, courteous service to clients.

Skills

Underwriting knowledge

Broker relationship management

Communication skills

Attention to detail

Travel willingness

Education

College degree or equivalent

Tools

Word

Excel

Project management tools

Job description

Company Details

At Verus Specialty Insurance, a proud member of the esteemed W.R. Berkley Corporation (NYSE: WRB), we stand as a leading Excess and Surplus Lines provider delivering comprehensive solutions across the United States. Backed by the formidable strength of a Fortune 500 titan and operating with the agility of a nimble startup, we blend the best of both worlds to foster innovation and excellence in everything we do.

Our nationwide operations are supported by a robust network of select wholesale producers, ensuring that our reach and capabilities are always close at hand. We are driven by a forward-thinking leadership that champions a dynamic culture where questioning the norm is not just welcomed but expected. This ethos empowers our team to consistently surpass customer expectations and drive the industry forward.

At Verus, we are more than just a company; we are a community that thrives on collaboration, growth, and taking ownership of our actions. We are constantly on the lookout for exceptional talent who are eager to contribute, innovate, and grow with us. If you are passionate about making a mark in the insurance industry and align with our vision, we eagerly await your application. Join us and be a part of a team where your contributions are valued, and your potential fully realized!

The Company is an equal employment opportunity employer.

https://www.verusins.com/

Responsibilities

Under broad supervision, the Renewal Undewriter will be responsible for underwriting risks in a book of business. Works within limited authority on assignments utilizing underwriting policies and guidelines, rating manual rules and insurance laws and regulations.

• Skill and knowledge of broker/agency management and relationship building.
• Expected to maintain and develop broker relationships.
• Track record of uncovering, researching and putting together new product line opportunities by applying appropriate underwriting strategies and standards to qualify risk acceptability.
• Ability to work effectively and within an assigned level of underwriting authority.
• Experience planning, orchestrating, and leading highly effective broker meetings.
• Negotiates standard coverage issues, closes sale, and gauges customer satisfaction.
• Ability to meet or exceed designated LOB production metrics.
• Strong technical knowledge regarding underwriting, coverage and pricing within a particular product line.
• Proven ability to build and maintain strong productive relationships with individual brokers.
• Provide timely, courteous and efficient service to all internal and external clients.
• Ability to identify and call appropriate attention to broker performance issues.
• Understanding of pricing and risk selection criteria.
• Perform other duties as assigned.

Qualifications

• College degree or equivalent work experience with demonstrated involvement in insurance industry education. Insurance designations are a plus.
• Unsupported excess experience is preferred.
• Working knowledge of and contacts within the wholesale agency distribution system strongly preferred.
• Resourceful, analytical, with the ability to execute tasks through to resolution.
• Strong oral/written communication skills with a positive attitude.
• Detail-oriented with initiative and ability to work in fast-paced team environment.
• A focus on delivering exceptional customer service.
• Excellent communication and interpersonal skills.
• Ability to work independently as well as part of a team.
• High sense of urgency and need to identify and resolve issues.
• Ability to travel, as needed.
• Computer literate including use of Word, Excel and various project management tools.

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: Base Salary Range: $75,000 - $85,000 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. Eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Sponsorship Details

Sponsorship not Offered for this Role