Technology Underwriter

Berkley Technology Underwriters (a Berkley Company); Minneapolis (MN); On-site; USD 75,000 - 100,000; Full time

Benefits offered by this job

Base salary range: $75k-$100k

Annual discretionary bonus

Health, dental, vision, life, disabled

Job summary

Berkley Technology Underwriters (a Berkley Company) in Minneapolis, MN seeks an experienced commercial underwriter to manage and renewal a middle market renewal book. You will evaluate renewal risk, coverage, terms and pricing, and provide quote-to-bind service in collaboration with agents, underwriters, operations and risk control.

The role requires 3+ years of commercial underwriting, strong analytical and negotiation skills, and proficiency with underwriting systems.

Qualifications

• 3+ years of commercial underwriting or commercial underwriting support experience.
• Knowledge of commercial lines underwriting standards, rating and pricing.
• Strong analytical, decision-making and negotiation skills.
• Strong customer service, interpersonal, written and verbal communication skills.
• Ability to work independently and collaboratively across underwriting, operations, claims and risk control.
• Proficiency with Microsoft Office and underwriting systems.
• Valid driver’s license and ability to maintain required vehicle insurance coverage.

Responsibilities

• Manage an assigned book of renewal business and support profitable results through risk selection, pricing, coverage terms and premium retention.
• Review renewal applications, exposure information and loss history to determine risk acceptability and eligibility.
• Underwrite within authority level; refer accounts that exceed authority or require additional review.
• Generate renewal quote proposals, negotiate final terms and support binding and policy issuance.
• Ensure renewals, endorsements and account documentation are processed accurately and on time.
• Maintain clear underwriting files that document analysis, pricing rationale, terms, conditions and decisions.
• Partner with producers and internal teams to resolve renewal issues and deliver service commitments.
• Follow established underwriting guidelines, regulatory requirements and documentation standards.
• May perform other functions as assigned.

Skills

Commercial underwriting

Analytical skills

Negotiation skills

Customer service

Communication skills

Microsoft Office

Education

Bachelor's degree or equivalent

Tools

Underwriting systems

Job description

Company Details

We're a member company of W. R. Berkley Corporation, an A. M. Best A+ rated Fortune 500 holding company. Berkley is comprised of individual operating units that serve a defined insurance market segment. BTU A global insurance provider, offering property, casualty, professional and cyber insurance coverage for technology firms and businesses with technology exposure.

Responsibilities

This role manages and retains an assigned book of Technology Middle Market renewal business. The role evaluates renewal risk, coverage, terms and pricing; delivers timely quote-to-bind service; and partners with producers, Production Underwriters, Underwriting Services, Operations, Claims and Risk Control to support profitable retention and consistent customer service. You’ll work with agents/brokers to develop productive and profitable relationships while also ensuring compliance with company underwriting guidelines and insurance regulators.

Responsibilities

• Manage an assigned book of renewal business and support profitable results through risk selection, pricing, coverage terms and premium retention.
• Review renewal applications, exposure information and loss history to determine risk acceptability and eligibility.
• Underwrite within individual authority level; refer accounts that exceed authority or require additional review.
• Generate renewal quote proposals, negotiate final terms and support binding and policy issuance.
• Ensure renewals, endorsements and account documentation are processed accurately and on time.
• Maintain clear underwriting files that document analysis, pricing rationale, terms, conditions and decisions.
• Partner with producers and internal teams to resolve renewal issues and deliver service commitments.
• Follow established underwriting guidelines, regulatory requirements and documentation standards.
• May perform other functions as assigned.

Qualifications

• 3+ years of commercial underwriting or commercial underwriting support experience.
• Knowledge of commercial lines underwriting standards and practices, rating and pricing methods, coverage forms and documentation requirements.
• Strong analytical, decision-making and negotiation skills.
• Strong customer service, interpersonal, written and verbal communication skills.
• Ability to work independently and collaboratively across underwriting, operations, claims and risk control.
• Proficiency with Microsoft Office and relevant underwriting systems.
• Valid driver’s license and ability to maintain required vehicle insurance coverage.

Education

• Four-year college degree or equivalent experience.

Additional Requirements

Important Outside Agency Notice:

Only solicited resumes/candidate profiles that are submitted by a Berkley Preferred Agency Partner that have been requested by Berkley Internal Recruiting to engage in a particular search will be subject to the payment of Agency fees as defined in the formal agency agreement. Any unsolicited resumes/candidate profiles are not subject to payment of the agency fees.

The company offers a competitive compensation plan and robust benefits package for full time regular employees including:

• Base Salary Range: $75k - $100k
• Eligible to participate in annual discretionary bonus
• Benefits include: Health, dental, vision, dental, 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