Sr. Technology Underwriter

Berkley • $120K — $150K *

Naperville, IL 60540In-Person

Finance & Insurance

Less than 5 years of experience

Today

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Job Overview by Ladders

Qualifications

3-5 years of commercial underwriting experience
Knowledgeable in commercial lines underwriting standards and pricing methods
Proficient in interpreting coverage forms
Strong negotiation capabilities
Experience in selling or marketing insurance products
Excellent customer service skills
Effective communication skills, both oral and written
Strong analytical and decision-making abilities
Ability to work independently and collaboratively
Proficient in PC use and Windows environment knowledge

Responsibilities

Manage and grow assigned book of business in Technology Middle Market insurance
Analyze business information and claims history of clients
Evaluate risk acceptability and determine coverage terms and pricing
Develop relationships with agents and brokers for new business acquisition
Lead renewal initiatives along with management for territory accounts
Document underwriting files thoroughly for analysis and compliance
Mentor and coach junior underwriting staff and support teams

Benefits

Health, dental, and vision insurance
Life and disability insurance
Wellness programs
Paid time off (PTO)
401(k) retirement plan
Profit-sharing opportunities
Eligible for an annual discretionary bonus

Full Job Description

Responsibilities

As a Sr. Technology Underwriter, you’ll be responsible for the management and growth of an assigned book of business as well as the acquisition of new business with a focus on Technology Middle Market insurance customers. We will rely on you to analyze customers’ business information and claims history, monitor clients’ activities to change the policies as risks evolve. You’ll evaluate acceptability of individual risks and determine overall acceptability of risk, coverage terms and pricing to achieve company profit objectives. You’ll work with agents/brokers to develop productive and profitable relationships while also ensuring compliance with company underwriting guidelines and insurance regulators.

Responsible for profitable results by maintaining high premium retention ratios
Manage accounts for assigned territory
Handle new and renewal submissions and endorsement requests from agents/ producers
Document underwriting files to support analysis, coverage terms and pricing
Operate according to underwriting authority as delegated by manager
In conjunction with management, lead renewal business initiatives for territory including execution of pricing, premium retention, coverage analysis, loss control needs, claim service needs and account stewardship
Provides clear instruction and guidance to underwriting support staff and operations staff
Learn and develop sales and marketing skills and strategies in order to meet financial goals
Follow established pricing, underwriting and documentation protocol as set forth by underwriting management
Mentor & coach junior underwriters and underwriting support staff

May perform other functions as assigned

Qualifications

3 to 5 years years of experience in a commercial underwriting experience
Knowledge of commercial lines underwriting standards and practices along with rating/pricing methods
Knowledge of interpreting coverage forms
Negotiation skills
Experience selling and/or marketing insurance products & services
Strong customer service skills
Strong oral and written communication skills
Strong analytical and decision-making skills
Ability to work independently as well as in a team environment
Strong interpersonal skills
Presentation skills
Excellent PC skills and a working knowledge of Windows environment a valid driver’s license and carry vehicle insurance coverage.

Education Requirement

Four-year college degree or equivalent experience

Additional Company DetailsWe do not accept unsolicited resumes from third party recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees including: • Base Salary Range: $120k-$150k • 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. Additional RequirementsTravel: Travel up to 25% - some overnight

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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Learn more about Berkley

Size

51 employees

Industry