Technology Underwriter

W. R. Berkley; Minneapolis (MN); On-site; USD 75,000 - 100,000; Full time

Benefits offered by this job

Annual bonus

Health insurance

Dental & Vision

401(k) with match

Job summary

W. R. Berkley is seeking an experienced Commercial Underwriter to manage a renewal book in the Technology Middle Market segment.

You will evaluate renewal risk, terms and pricing, and provide timely quote-to-bind service while collaborating with producers, underwriters, operations and risk control. You will review applications, pricing history and loss data to assess risk, underwrite within authority, and prepare accurate renewal proposals.

Qualifications

• 3+ years of commercial underwriting or underwriting support.
• Knowledge of commercial lines underwriting standards, rating and pricing.
• Strong analytical, decision-making and negotiation skills.
• Strong customer service and communication skills.
• Ability to work independently and across teams.

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.
• Underwrite within authority level; refer accounts that exceed authority.
• 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 underwriting files with analysis, pricing rationale, terms and decisions.
• Partner with producers and internal teams to resolve renewal issues and deliver service commitments.
• Follow underwriting guidelines, regulatory requirements and documentation standards.
• May perform other functions as assigned.

Skills

Underwriting experience

Negotiation

Analytical skills

Communication

Independent work

Education

Bachelor's degree or equivalent

Tools

Microsoft Office

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.

• 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 Compensation & Benefits

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