Senior Underwriter

Berkley Mid-Atlantic Insurance Group (a Berkley Company); Delaware; On-site; USD 95,000 - 120,000; Full time

Benefits offered by this job

Annual discretionary bonus

Benefits package

Job summary

Berkley Mid-Atlantic Group (BMAG) seeks a Senior Underwriter to strengthen agency relationships, grow written premium, and maximize renewal retention across our Mid-Atlantic footprint. You will evaluate new and renewal business, determine risk acceptability, price within guidelines, and collaborate with independent agents to deliver profitable growth.

A BA/BS and 4+ years in Commercial Property & Casualty are preferred.

Qualifications

• BA/BS degree preferred.
• 4+ years of experience as an Underwriter in Commercial Property & Casualty.
• Demonstrated success in developing and maintaining positive relationships.
• Excellent communication skills, including listening for solutions.
• Demonstrates a willingness to collaborate with colleagues and present in a way that influences others.

Responsibilities

• Strengthens relationships with agents to maximize opportunities and achieve profitable growth.
• Achieves new business premium, renewal premium retention and rate change objectives.
• Within guidelines and authority, evaluates risk and prices quotes.
• Uses underwriting tools to determine risk characteristics, exposure classifications, and appropriate limits.
• Reviews inspections to ensure consistency with underwriting information and addresses unacceptable risk characteristics.
• Determines if facultative reinsurance is needed and documents procedures.

Skills

Communication

Collaboration

Analytical thinking

Problem solving

Windows tools

Education

BA/BS degree

Tools

Underwriting tools

Job description

Company Details

Berkley Mid-Atlantic Group (BMAG) is a property and casualty insurance provider serving the Mid-Atlantic. We are a member of W. R. Berkley Corporation, one of the largest commercial lines property casualty insurance holding companies in the United States. With the resources of a large Fortune 500® corporation and the ability to operate with the closeness and flexibility of a small company, we exclusively work with select independent agents to insure the future of business.

Company URL: https://www.wrbmag.com/

The company is an equal opportunity employer.

Responsibilities

The Senior Underwriter builds dynamic relationships, maintains a strong distribution channel, drives written premium growth, and maximizes renewal retention while delivering a high degree of customer satisfaction within our footprint of Independent Agencies.

Key Functions Will Include But Are Not Limited To

• Strengthens relationships and educates agents within agency plans to maximize opportunities and achieve profitable growth.
• Achieves new business premium, renewal premium retention and rate change objectives
• Within company guidelines and granted underwriting authority, evaluates new and renewal information to determines risk acceptability terms/conditions to be quoted, and priced.
• Utilizes various underwriting tools to: determine acceptable risk characteristics; determine accurate exposure classifications; set adequate property limits to accomplish appropriate insurance to value and review and quote business for assigned agents
• Orders and reviews inspections to confirm accounts written are consistent with preliminary underwriting information and act when the inspection reveals unacceptable risk characteristics.
• Determines if facultative reinsurance is needed and if so, factors reinsurance cost in gross pricing, completes cession procedures; documents file and follows established workflow procedure to ensure proper reporting / accounting.

Qualifications

• BA/BS degree preferred
• 4+ years of experience working as an Underwriter in Commercial Property & Casualty. May consider 2+ years’ experience for an Underwriter level.
• Demonstrated success in developing and maintaining positive relationships.
• Excellent communication skills, including listening for solutions.
• Demonstrates a willingness to collaborate with colleagues and present in a way that influences others.,
• An ability to think analytically about business problems, make recommendations and propose solutions.
• High energy self-starter, who is resilient and has an entrepreneurial spirit.
• Ability to sell and influence others.
• Goal-oriented achiever who delivers results.
• Basic knowledge of computer program in a windows environment, including Word, Excel and Email is mandatory.
• Prior experience working with on-line underwriting tools is preferred (e.g. Silver Plume, and Reference Connect).
• Advanced professional insurance coursework (i.e. CPCU or AU) or completion of other insurance related classes is preferred.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms.

Benefits

• Base Salary Range: $95,000 – $120,000
• Eligible to participate in annual discretionary bonus.
• Benefits: 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.

Sponsorship Details

Sponsorship not Offered for this Role