Ultra High Net Worth Underwriter

Berkley One (a Berkley Company); Chicago (IL); On-site; USD 100,000 - 140,000; Full time

Benefits offered by this job

Health, Dental, Vision, Life, Disability benefits

401(k) and Profit-Sharing plans

Paid Time Off

Eligible for annual discretionary bonus

Job summary

Berkley One (a Berkley Company) is seeking a Reserve Underwriter in Chicago, IL to evaluate and underwrite large account risks. This role emphasizes profitable growth and requires a minimum of 5 years of underwriting experience. The position offers a hybrid work schedule, competitive salary range of $100,000 - $140,000, comprehensive benefits, and the opportunity to work collaboratively with agents and cross-functional teams.

Qualifications

• Minimum 5 years of underwriting experience in high-net-worth personal lines.
• Deep technical underwriting competency and experience with large accounts.
• Exceptional verbal and written communication skills.

Responsibilities

• Evaluate and underwrite large account risks to ensure profitable growth.
• Collaborate with risk management to enhance risk quality.
• Build strong relationships with agents and educate them on risk appetite.

Skills

Underwriting expertise

Strong communicator

Analytical thinker

Customer-centric mindset

Tech-savvy

Education

Bachelor’s degree (BA or BS) or equivalent professional experience

Job description

Company Details

Berkley One is a modern insurance provider for a modern generation of affluence. We serve clients who live dynamic, adventurous lives and expect their insurance experience to match. Our mission is to deliver highly personalized risk and claims management through a blend of expert independent agents, cutting-edge digital tools, and the strength of the W.R. Berkley brand.

Why Join Us?

At Berkley One, you’ll be part of a forward-thinking team that’s reimagining personal insurance. We’re building solutions that are as sophisticated and agile as the clients we serve—individuals and families who value innovation, simplicity, and exceptional service. You’ll collaborate with passionate professionals, leverage modern technology, and help shape the future of our industry.

What We Value

• A client-first mindset with a passion for delivering exceptional experiences
• Curiosity, creativity, and a drive to challenge the status quo
• Collaboration across disciplines to build smarter, more intuitive solutions
• Integrity, expertise, and a commitment to excellence

The Company is an equal employment opportunity employer.

Responsibilities

The Reserve Underwriter at Berkley One plays a pivotal role in evaluating and underwriting large account risks, with a strong emphasis on profitable growth and relationship management. This position involves significant decision-making authority and collaboration across multiple teams to ensure high-quality underwriting outcomes.

Location Options

• Morristown, NJ
• Phoenix, AZ
• Chicago, IL

We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.

What You Can Expect

• Culture of innovation, teamwork, supportive colleagues and leaders willing to invest in talent
• Internal mobility opportunities
• Visibility to senior leaders and partnership with cross functional teams
• Opportunity to impact change
• Benefits – competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education

We'll Count On You For

• Underwriting: Focus on underwriting large account new business daily and mining the renewal portfolio, leveraging expertise and sound judgment to select and price risks that align with Berkley One’s profitability goals.
• Risk Management Collaboration: Partner with risk management to assess exposures and recommend solutions that enhance the overall quality of the risk.
• Innovation and Process Improvement: Contribute to continuous improvement by identifying opportunities for innovation in underwriting practices and organizational priorities.
• Agent Relationship Management: Build and maintain strong relationships with a designated group of agents. Act as a trusted advisor by understanding their needs, coaching on solutions, and fostering loyalty to the Berkley One brand.
• Appetite Consultation: Educate agents on Berkley One’s risk appetite and guide them in applying this knowledge to appropriate risk selection.
• Technology Utilization: Use advanced underwriting tools and analytics to monitor portfolio quality and inform individual underwriting decisions.
• Cross-Functional Collaboration: Work closely with Distribution and Marketing teams to co-develop strategies that drive business growth and enhance market presence.
• Other work as assigned

Qualifications

What you’ll bring:

• Bachelor’s degree (BA or BS) or equivalent professional experience
• Industry Experience: Minimum 5 years of underwriting experience in high-net-worth personal lines.
• Underwriting Expertise: You have deep technical underwriting competency and love to work on large accounts.
• Customer-Centric Mindset: Deep empathy for both insureds and agents, with a passion for delivering an exceptional brand experience and advocating for customer needs.
• Strong Communicator: Exceptional verbal and written communication skills, with the ability to adapt your style to suit different audiences and situations.
• Curious and Innovative: Naturally inquisitive, always seeking to understand how things work and how they can be improved.
• Analytical Thinker: Enjoys diving into account details to craft underwriting solutions that align with guidelines, profitability goals, and client needs.
• Flexible and Mobile: Willingness to travel as needed, including overnight trips, and to work flexible hours to support clients across time zones.
• Tech-Savvy: Demonstrates exceptional proficiency with technology and underwriting tools.

What Makes You Stand Out

• Composed and Organized: Maintains calm under pressure, demonstrates integrity, and follows through on commitments with precision and professionalism.
• Collaborative Challenger: Comfortable questioning the status quo while working effectively with colleagues across all levels of the organization.
• Accountable and Engaged: Brings a strong sense of ownership, a spirit of adventure, and a positive, team-oriented attitude.
• Service-Oriented: Known for responsiveness and a “find a way to yes” approach, while maintaining strong relationships—even when saying no.

Benefits

• Base Salary Range: $100,000 - $140,000
• Eligible to participate in annual discretionary bonus.
• Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Sponsorship not Offered for this Role.