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Berkley Senior Underwriter in West Hartford, Connecticut

The Senior Renewal Underwriter for Financial Institutions and Management Liability is a product-specific resource within a particular Line of Business with respect to underwriting and related workflow processes. S/he will be assigned to a particular geographic territory and will be expected to promote profitable written premium growth and favorable loss ratios in accordance with Berkley FinSecure Best Practices, Underwriting Guidelines, Line of Business risk appetite, and personal Underwriting Authority. Senior Renewal Underwriters coordinate with production underwriters to enact the plan to achieve desired results (both short-term and long-term). Duties and responsibilities include but are not limited to:

  • Evaluation, rating, and pricing of FI Bond and Management Liability renewal risks and account rounding opportunities.

  • Preparation of conditional renewal or non-renewal correspondence to broker (when required).

  • Completion/updating of data entry fields in BPMi Workflow Management System.

  • Completion of Rating/Review Documents.

  • Completion of necessary fields in Genesys Underwriting System and/or any other applicable underwriting systems proprietary to FinSecure.

  • Adherence to Berkley FinSecure Best Practices, Underwriting Guidelines, Line of Business risk appetite, and personal Underwriting Authority.

  • Communication with and solicitation of additional information from brokers when needed.

  • Coordination with production underwriters on the development, maintenance, and management of agency/producer relationships and assisting production underwriters when needed to evaluate of the performance of agency/producer relationships to ensure company and agency goals are met.

  • Communication of corporate goals, programs, and underwriting policies and procedures.

  • Awareness and maintenance of personal production, hit ratios, renewal retention ratios, spread of risk, and other production and quality measures.

  • Development of and influence over coverage forms (wording) and rates.

  • Act as a liaison with finance/accounting as needed.

  • Aid in cultivating relationships and collaborating with treaty and facultative reinsurers as needed.

  • Flexibility to attend industry or company events, including those requiring overnight travel.

  • Management of special projects or program business as needed.

  • Availability to aid in additional workflow processes when needed and subject to supervisor direction.

  • Bachelor's Degree from a four-year college or university (preferred); Advanced degrees, RPLU, and/or CPCU designations (preferred).

  • Three or more years of insurance industry/related experience and/or training.

  • Basic computer skills including Microsoft Word, Microsoft Excel, and other related programs.

  • Strong basic mathematical skills and ability to work with mathematical concepts such as probability and statistical inference, fractions, percentages, ratios, and proportions

  • Understanding of Berkley FinSecure, Underwriting Guidelines, and Line of Business risk appetite.

  • Demonstrated ability to stay focused on a task through completion.

  • Ability to make sound judgments based on both written and observed factors where only limited standardization exists.

  • Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations.

  • Ability to write reports and business correspondence.

  • Ability to effectively present information and respond to questions from groups of managers, clients, customers, and general public.

  • Attention to detail.

  • Functional understanding of all required systems and processes.

  • Professional and effective communication skills.

  • Ability to work both independently and in a team environment.

  • Demonstrated commitment to collaborate with other FinSecure Lines of Business or WRBC Business Units and co-workers to support Berkley FinSecure, Berkley Crime, and WRBC strategies, initiatives, and executive objectives.

  • Willingness to learn.

  • Ability to multi-task.

  • Ability to work in a fast-paced environment and respond quickly when necessary.

  • Excellent time management skills.

  • Ability to work well with support staff and desire to aid in the development of others.

Job ID: 2021-4541

Name: Berkley Fin Secure

Name: New York

Street: 29 S Main Street

Industry:

Insurance

Seniority Level:

Mid-Senior Level

Job Functions:

ConsultingCustomer ServiceGeneral Business

Employment Type:

Full-Time

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