What are the responsibilities and job description for the Sr. Underwriter position at Berkley?
Company Details
Berkley Cyber Risk Solutions provides first and third-party cyber coverage for emerging cyber exposures, complemented by pre and post breach services. A team of experienced professionals delivers comprehensive cyber coverage and data breach protection to commercial insureds of all sizes and industries.
Our singular focus of viewing cyber as a peril allows us to constantly refine and update new coverage options for emerging risks and trends and be responsive to client specific coverage and service needs.
Responsibilities
The Senior Underwriter is responsible for developing and maintaining broker relationships that drive success in underwriting and maintaining a profitable book of business as per company guidelines. S/he maintains primary and excess underwriting files, including underwriting analysis worksheets, rate plans, underwriting referrals, policies, and endorsements in accordance to company guidelines. Duties and responsibilities include but are not limited to:
- Responsible for underwriting, pricing, and analyzing new and renewal book of business within company guidelines, including commission and renewal rate objectives.
- Maintain an understanding of the local market contacts/relationships needed to ensure production goals are achieved.
- Responsible for new business production and maintenance of existing book of business.
- Responsible for responding to all mid-term service requests
- Responsible for the maintenance of underwriting files and maintaining proper and complete underwriting documentation in accordance to company requirements.
- Collaborate with General Counsel on manuscript endorsements and underwriting compliance issues.
- Collaborate with UA in preparation of renewals, including renewal solicitation notices and conditional renewal/non-renewal letters.
- Support less experienced Underwriters with training, analysis and authority of underwriting files as requested by manager.
Qualifications
- Bachelor’s degree from an accredited University/College
- Advanced degrees and industry designations desirable
- 5-8 years of insurance industry experience
- Strong organizations skills required to successfully manage underwriting files and workflow process
- Strong written and verbal communication skills
- Demonstrated capability of managing all aspects of the underwriting files.
- Demonstrate knowledge and experience of the cyber insurance marketplace.
- Product knowledge of cyber products, coverage and forms.
- Technical and complex underwriting, pricing and risk analysis expertise
- Ability to travel as needed within the Region
Additional Company Details
The Company is an equal employment opportunity employer.Additional Requirements
COVID-19 vaccine required unless prohibited by law.
