Senior Production Underwriter

Berkley Luxury Group (a Berkley Company); Parsippany-Troy Hills (NJ); On-site; USD 82,000 - 152,000; Full time

Benefits offered by this job

Base Salary Range: $82,000 - $152,000

Annual discretionary bonus program

Health, Dental, Vision, Life, Disability

401(k) and Profit-Sharing plans

Job summary

Berkley Luxury Group (a Berkley Company) is looking for a Senior Production Underwriter located in Parsippany, NJ. This crucial role focuses on profitable business growth, overseeing new and renewal underwriting, and managing agent relationships.

The ideal candidate will have a Bachelor’s Degree, at least five years of underwriting experience, and strong analytical and negotiation skills. A competitive salary package along with health and retirement benefits is offered.

Qualifications

• Minimum five years underwriting experience.
• Demonstrated technical underwriting expertise and product-specific knowledge (Property, Liability, Auto, and Umbrella).
• Ability to multitask and independently prioritize competing demands.

Responsibilities

• Responsible for new and renewal underwriting execution.
• Develop trusted relationships with agent partners.
• Monitor production and quality measures to track performance.

Skills

Analytical skills

Interpersonal skills

Negotiation skills

Problem-solving skills

Sales and marketing proficiency

Education

Bachelor’s Degree or equivalent experience

Tools

Microsoft Office Suite

Job description

Berkley Luxury Group is seeking a Senior Production Underwriter in Parsippany, NJ.

Responsibilities

The Senior Production Underwriter is a key member of the underwriting team reporting to the Director of Underwriting. The primary goal is to profitably grow a book of business by partnering with brokers, managing relationships, and making underwriting decisions within authority and guidelines.

Inforce Portfolio Management And Underwriting Execution

• Responsible for new and renewal underwriting execution, selecting risks in line with BLG’s strategy and underwriting guidelines, operating within authority, documenting decisions, following up on accounts and closing new business.
• Plan and budget for the book of business, track and report performance toward the plan, develop a clear view of market conditions and competitive landscape.
• Provide guidance and assistance to other underwriters and functional areas.
• Monitor production, hit ratios, renewal retention ratios, spread of risk, and other production and quality measures.
• Keep current on state/territory issues, regulations and trends.

Broker Relationships And Business Development

• Develop trusted, respected and lasting relationships with agent partners through visitations and regular connections.
• Accountable for tracking progress and positioning BLG within an agency.
• Evaluate performance of assigned agencies to ensure company and agency goals are met; participate in review and evaluation and make recommendations.
• Communicate corporate goals, programs, underwriting policies, procedures, best practices and guidelines to agents.
• Prepare quotes and answer questions from agencies, policyholders or other external contacts, escalating issues as necessary.
• Negotiate with agents to reach positive and profitable outcomes.
• Deliver exceptional, timely, complete and accurate service.
• Work with agents to craft best solutions for their clients.
• Notify brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations and underwrite empathetically at all times.

Qualifications

• Bachelor’s Degree or equivalent experience.
• Minimum five years underwriting experience.
• Demonstrated technical underwriting expertise and product-specific knowledge (Property, Liability, Auto, and Umbrella).
• Strong analytical and problem-solving skills.
• Excellent interpersonal, communication, and negotiation skills.
• Demonstrated proficiency in sales and marketing.
• Solid knowledge of underwriting and insurance industry theories and practices.
• Strong written and verbal communication, negotiation and interpersonal skills; ability to interact with all levels of internal and external partners.
• Ability to multitask and independently prioritize competing demands within time constraints.
• Ability to exercise independent judgment and make sound business decisions.
• Proficiency in Microsoft Office Suite.

Equal Opportunity Employer

The company is an equal opportunity employer.

Benefits

• Base Salary Range: $82,000 - $152,000 (determined by factors such as scope, complexity, and location).
• Eligible to participate in the annual discretionary bonus program.
• Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Sponsorship Details

Sponsorship not offered for this role.