Berkley

Excess Energy Underwriter

Berkley$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Minimum of 3 years in commercial lines, with a preference for Excess and Surplus lines experience.
  • Strong organizational skills to handle deadlines and high volumes.
  • Ability to perform under pressure in a fast-paced environment.
  • Collaborative team player with effective communication at all levels.
  • Excellent written and verbal communication skills.
  • Informal leadership capabilities within the team.
  • Familiarity with Windows-based computer programs, including Word, Excel, and Outlook.

Responsibilities

  • Review and underwrite renewal policies according to granted authority, providing guidance to the underwriting team.
  • Establish terms and pricing for renewals and new business.
  • Negotiate terms with wholesale brokers to enhance competitiveness.
  • Manage fast track renewals and seek support from senior underwriters when necessary.
  • Make sound risk and pricing decisions to maintain profitable loss ratios.
  • Document underwriting files meticulously to support pricing and acceptability.
  • Achieve high customer service standards while maintaining compliance with guidelines.

Benefits

  • Opportunity for professional development and training.
  • Engaging work environment within a rapidly expanding division of a reputable company.
  • Access to mentorship from senior underwriters in the field.
  • Potential for involvement in special projects that enhance underwriting knowledge.
  • Supportive team culture promoting collaboration and excellence.
Full Job Description
Responsibilities

We are a rapidly expanding division of the W. R. Berkley Corporation looking to add a motivated self-starter to our Excess Energy Underwriting team.

 

The Excess Energy Underwriter in conjunction with senior underwriters, will be responsible for monitoring renewal production, profitability, and maintaining agency relationships, along with opportunities to write new business in the future. The Excess Energy Underwriter will utilize underwriting expertise and authority guidelines to independently make decisions within granted letter of authority on renewal accounts.

 

  • Review and underwrite renewals based upon authority granted and provides guidance as needed to associate underwriting team.
  • Establishes terms and pricing to be provided.
  • Negotiates terms with wholesale brokers.
  • Review and underwrite fast track renewals based upon authority granted and seeks guidance as needed from senior underwriting team
  • Makes sound risk and pricing decisions that achieve profitable loss ratios.
  • Document underwriting file to support acceptability and pricing in accordance with company guidelines.
  • Achieve designated customer service standards.
  • Provide detailed guidance to operations team to ensure policy is delivered consistent with quoted terms and conditions in accordance with established guidelines relative to policy construction.
  • Review all post-transaction requests for acceptability up to the authority granted.
  • Review inspections to confirm accounts written are consistent with preliminary underwriting information and take action needed based on found information.
  • Utilize various underwriting tools to determine acceptable risk characteristics, accurate classifications, insurance to value, calculate rates, etc.
  • Proficient coverage knowledge in Energy Casualty Business
  • Ability to take on special projects as needed to advance underwriting knowledge across underwriting departments.
  • Consults with Energy department on territorial expertise regarding market conditions, trends, and state-specific nuances that may impact underwriting.
  • Effectively communicates (written/verbal) information to both internal and external customers to ensure our standards of excellence are maintained.

 

Additional Responsibilities

  • Provide support to the underwriting audit process.
  • Act as a role model promoting the company brand and culture.
  • Assist with special projects and tasks, as directed.
  • Ability to travel, as needed.
Qualifications
  • Minimum of 3 years of commercial lines experience. Excess and Surplus lines experience preferred.
  • Strong organizational skills with the ability manage deadlines and volumes effectively.
  • Proven track record of working under pressure in a fast-paced environment.
  • Must be a collaborative team player and ability to relate and communicate with all members of the organization.
  • Excellent written and verbal communication skills.
  • Ability to exhibit informal leadership across the team.
  • Basic knowledge of computer programs in a Windows environment, including Word, Excel, Outlook, etc

 

Education Requirement

  • Bachelor's Degree or equivalent insurance experience required.
Additional Company DetailsWe do not accept unsolicited resumes from third party recruiting agencies or firms. Sponsorship DetailsSponsorship not Offered for this Role

About Berkley

Berkley is a packaging company that develops innovative solutions to help our customers sell more product and be on the edge. Berkley offers the cost advantages and creative control of an in house/on site agency without the risk and hassle of oversight. Berkley develops turnkey retail environments – including design, manufacturing and installation services.

Berkley Careers

Joining Berkley presents a prime opportunity to be part of a team renowned for its leadership in the industry, fostering innovation and growth. Berkley, a company committed to professional excellence and diversity, offers a range of job opportunities that cater to various skills and career aspirations.

Explore Job Opportunities

Berkley is actively hiring, seeking individuals who are passionate, driven, and ready to contribute to a dynamic team environment. With a variety of positions available, Berkley provides a platform for professionals at every stage of their career, from entry-level to senior leadership roles.

Internship Programs

Kickstart a career with Berkley through comprehensive internship programs designed to provide hands-on experience in a real-world setting. Internships at Berkley are a gateway to full-time employment, offering invaluable industry exposure and networking opportunities.

Professional Growth and Development

Berkley is dedicated to the continuous professional development of its team members. The company supports career advancement through leadership training programs, workshops, and seminars that enhance skills and foster innovation.

Diversity and Inclusion

At Berkley, diversity is celebrated and actively promoted through various initiatives and diversity training programs. The company believes that a diverse workforce is key to driving creativity and innovation.

Benefits and Culture

Employees at Berkley enjoy a range of benefits designed to support their professional and personal lives. The company culture emphasizes teamwork, respect, and integrity, creating an environment where everyone can thrive.

Applying for a Position

To apply for a position at Berkley, candidates are encouraged to submit a resume that highlights relevant experience and skills. The interview process is designed to assess not only professional qualifications but also a candidate's fit with Berkley's culture and values.

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51 employees
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