What are the responsibilities and job description for the Small Business Underwriter position at Berkley?
Company Details
Berkley Aspire is an operating unit of the W.R. Berkley Corporation (NYSE – WRB), a Fortune 500 global insurer founded in 1967.
Aspire underwrites excess & surplus lines insurance solutions across the United States for hard-to-place commercial risks. Our direct to retail distribution strategy is unique, and we underwrite general liability, excess liability, property, and inland marine coverages. Verticals we specialize in include construction/contractors, habitational/real estate, hospitality/special events, entertainment/amusements, and manufacturing/products liability. Most of our customers are small to medium sized businesses and we operate in all 50 states and the District of Columbia.
At Aspire, we strive to make surplus lines insurance easy to understand and easy to navigate. We think big. We lean in and listen. We work hard. We are open to new ideas. We experiment and innovate. We take care of our customers and support our teammates. And, if we do it right and stay true to our core principles, then we deliver profitable growth on a consistent basis.
We are an organization dedicated to an employee-centric company culture and a positively disruptive business model.
By thinking outside the box, we are making insurance a little more exciting and a little more fun.
Our home office is in Scottsdale, AZ. We also have offices in Cincinnati, OH, Richmond, VA, and Charlotte, NC. Our growing number of work-from-home teammates are located across the country.
We are always looking to add talented, motivated, and creative people to our team, so please reach out if you are interested in learning more about us.
Responsibilities
Berkley Aspire is seeking a Small Business Underwriter to join our growing team!
The Small Business Underwriter will support designated underwriters and their agents with lower risk transactions including but not limited to new business, inspections, endorsements, renewals and audits.
Specific Duties
- Review and Underwrite new and renewal business submissions for acceptability according to authority granted.
- Make sound risk and pricing decisions that achieve profitable loss ratios.
- Maintain underwriting quality score of 90% or greater. Document underwriting file to support acceptability and pricing in accordance with company guidelines.
- Achieve designated customer service standards
- Provide detailed issuance instructions to ensure policy is delivered consistent with quoted terms and conditions and in accordance with established guidelines relative to policy construction.
- Review mid-term endorsement requests for acceptability up to the authority granted.
- Review inspections to confirm accounts written are consistent with preliminary underwriting information and refer to underwriter when the inspection reveals unacceptable risk characteristics.
- Utilize various underwriting tools to determine acceptable risk characteristics, accurate classifications, insurance to value, calculate rates, etc.
- Review audits and refer to underwriter based upon authority granted
May perform other functions as assigned.
Qualifications
- Minimum of 2 years of experience.
- Surplus lines experience.
- Advanced professional insurance coursework (i.e., CPCU, ASLI, AU) or completion of other-insurance related classes is preferred.
- Strong results orientation, focusing on outcomes, delivering on commitment and deadlines and executing relentlessly
- Good sales skills including listening, questioning and influencing.
- Customer focus, continually responding with a sense of urgency.
- Entrepreneurial qualities, such as trying innovative solutions, resiliency to change and recognizing what is most important to get done.
- Teamwork, providing and welcoming open, honest, respectful and constructive.
- feedback and jumping in to get the work done, even when not asked.
- Technical underwriting proficiency including exposure identification, coverage evaluation, understand and applying appropriate risk / rate relationships, and file documentation in support of underwriting decisions
- Strong drive to be successful including ability to work independently, self-motivation, motivating others, and relentless pursuit of company objectives.
- College degree or equivalent experience.
Additional Company Details
The Company is an equal employment opportunity employer We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. 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.
