Berkley

Surety Underwriter

Berkley$100K — $125K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Minimum 4-year degree or related industry experience
  • Business/Finance/Accounting majors preferred but not required
  • 2-4 years of Surety industry or related experience
  • Background in Banking or Credit Analysis is a plus
  • Ability to analyze financial information and assess risk accurately
  • Strong oral and written communication skills for clear reporting

Responsibilities

  • Produce and underwrite new and renewal business from assigned agents/brokers
  • Achieve financial goals through new business acquisition and client retention
  • Develop agency and client relationships with a focus on business objectives
  • Plan and execute regular travel for relationship building and client visits
  • Communicate effectively with stakeholders to manage expectations and workflow
  • Ensure accurate documentation and risk assessment in account management systems
  • Support the development of junior underwriters as needed

Benefits

  • Health, dental, and vision insurance
  • Life and disability insurance
  • Wellness program
  • Paid time off
  • 401(k) with profit-sharing options
Full Job Description
Responsibilities

Produce and underwrite new and renewal business from assigned agents/brokers in the primary line of business. Seeks to achieve financial results (premium volume, loss ratio, premium collections and expense management including commissions) through new business acquisition, retention of business, and effective price management as a result of executing personal and branch objectives. Interact and collaborate with a team of Line of Business colleagues and other critical internal/external business associates. Position involves both outside and inside business development and includes direct responsibility for agency development and management within a book of business.

 

  • Underwrites, assesses and manages assigned portfolio of accounts in a particular line or lines of business with supervision of his/her Manager or Supervisor and can effectively underwrite both performance and non-performance bonds.
  • Understand and executes personal and branch objectives and strategies in an effort to produce budgeted results.
  • Develops and leverages productive agency/client relationships through a high level of visibility with agents, brokers and clients in support of business objectives.
  • Plans and executes effective regular travel to develop and enhance new and existing producer and account relationships; Visits new and existing accounts; prepares and shares meeting agendas, obtains follow up documentation, evaluates the accounts and submits timely detailed submission memos for appropriate credit approval.
  • Effectively communicates the mission and objectives of BSG in account meetings with confidence, clear communication, good listening skills, professionalism, and empathy with the goal to be a trusted adviser and valued partner to all parties. Maintains and manages workflow, including effective communications, with agency representatives in assigned territory, meeting all company standards and expectations. Communicates acceptance or rejection of new and existing accounts while working towards establishing and enhancing the BSG brand.
  • Accountable for accurate underwriting documentation/information in account management systems and adherence to documentation standards and ensures accuracy and integrity of all information contained in account files, and keeps them up to date.
  • Effectively evaluates bond forms and contract documents in an effort to assess risk.
  • Keeps management apprised of issues of importance to the Branch and to the Company.
  • May assist in the development or supervision Associate Underwriters or Underwriting Trainees, as determined by his/her Manager or Supervisor.
  • Performs other duties as assigned.
Qualifications

Requirement

 

  • Minimum 4-year degree or related industry experience
  • Business/Finance/Accounting Majors preferred, but not required
  • 2-4 years of Surety industry or related experience required
  • Banking or Credit Analysis background is a plus

Additional Qualifications

 

  • Demonstrates the ability to read, analyze, discuss and interpret financial statements, bond forms, contract documents, and government regulations and reach appropriate risk assessment conclusions.
  • Effective oral and written communication skills with the ability to write clear and effective reports and business correspondence so that others will clearly understand the content and the intent. Provides well developed recommendations in support of new and existing accounts, as well as client bond needs.
  • Ability to solve practical problems and appropriately deal with a variety of concrete variables in situations where only limited standardization exists.
  • Ability to effectively interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
  • Ability to use the automation tools provided by BSG (i.e. Word, Excel, PowerPoint, Lotus Notes, U/W System, etc.)
  • Must be able to organize and effectively handle small to medium volumes of information with supervision from direct Manager or Supervisor.

 

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: 100k-$125k - depending on experience, salary may vary. • 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 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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Learn more about Berkley
Size
51 employees
Industry

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