Senior Renewal Underwriter
W. R. Berkley
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- ID
- 2024-11206
- Date Posted
- 2 days ago(9/30/2024 4:44 PM)
- Company
- Berkley Aspire
- Primary Location
- US-AZ-Scottsdale
- Category
- Underwriting
Company Details
Berkley Aspire is an excess & surplus lines insurer of commercial risks unable to find a home in the standard markets. We are an operating unit of WR Berkley, a publicly traded (NYSE “WRB”) global insurer founded in 1967.
We make excess & surplus lines easy – easy for our distribution partners, easy for the businesses they represent, and easy to navigate. The lines of coverage we underwrite include general liability, property, and excess liability. Our model is different than our competitors – we do the premium billing and do not add interest/ finance percentage, we offer enhanced commissions, and we handle the stamping, affidavit filings, and other behind-the-scenes paperwork.
Our company culture is entrepreneurial, employee centric, and focused on sustainable growth. Aspire teammates work either remotely or on a hybrid schedule from offices in Scottsdale, Cincinnati, and Richmond. If you are looking for a company that offers room for advancement, great benefits, and positive vibes, then Aspire may be the place for you!
Benefit Highlights
• Aspire offers Medical, Dental and Vision coverage. Our onsite Scottsdale, AZ Wellness Center and companywide Employee Assistance Program are free to employees and are here to support your overall well-being. Our flexible work schedule with a work-from-home day means you can balance work and life like a pro.
• Our Health Savings Accounts have automatic company contributions if you sign up, and we offer Flexible Spending Accounts, STD, LTD, life insurance policies, and more. Plus, we offer a 401(k) program, profit-sharing program, and stock purchase plan – investing in your future has never been so rewarding.
• We've got you covered with competitive paid time off, paid sick time, and 12 weeks of paid parental leave. Plus, you get paid holidays, a floating holiday, and paid volunteer time – because giving back to the community is important to us at Aspire!
• Come grow with us! Level up with company sponsored conferences, tuition assistance, and industry-related education and exams. We have many internal promotional growth opportunities – because we believe in growing together.
• We believe in working hard and playing hard. We embrace team building and are enthusiastic about sponsoring fun activities inside and outside of the office. Our Plum Benefits program gives you cost-free access to thousands of exclusive travel and entertainment discounts – it's like a VIP pass to fun.
www.berkleyaspire.com
Responsibilities
Underwrites and maintains renewal portfolio in assigned book of business including all post issuance transactions. (Policy changes, cancels, reinstates, reinsurance, etc). Underwrites renewal business within authority to maintain profitability in accordance with rate and retention company standards.
Position Overview:
- Responsible for monitoring renewal production, profitability, and maintaining agency relationships.
- Utilize underwriting expertise and authority guidelines to independently make decisions within granted letter of authority on renewal accounts. Establishes terms and pricing to be provided. Negotiates terms with retail agents. Review and underwrite fast track renewals based upon authority granted and provides guidance as needed to associate underwriting team.
- Review and underwrite fast track renewals based upon authority granted and provides guidance as needed to associate underwriting team.
- Makes sounds 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 guidance to associate underwriting team to ensure policy is delivered constant with quoted terms and conditions in accordance with established guidelines relative to policy construction.
- Review all post transaction requests for acceptability up to the authority granted.
- Review inspections to confirm accounts written are consistent with preliminary underwriting information and take action needed based on found information.
- Utilize various underwiring tools to determine acceptable risk characteristics accurate classifications, insurance to value, calculate rates, etc.)
- Review policy audits and refer to leadership as needed.
- Assist with training, mentoring and coaching of less experienced team members on the underwriting floor.
- Proficient coverage knowledge in Commercial General Liability, Commercial Property and Commercial Excess Liability.
- Utilize coverage understanding to assess potential exposure and make judgements regarding appropriate form attachment and fill-in form verbiage on renewal accounts.
- Ability to take on special projects as needed to advance underwriting knowledge across underwriting departments
- Consults with new business departments on territorial expertise regarding market conditions, trends and state-specific nuances that may impact underwriting decision to territory teams.
- Effectively communicates (written/verbal) information to both internal and external customers to ensure our standards of excellence are maintained.
Qualifications
- Bachelor’s degree.
- Advanced professional insurance coursework completion of other insurance related classes is a benefit.
- Minimum of 5 years of commercial lines experience. Excess and Surplus lines experience preferred.
- Ability to exhibit informal leadership across team.
- Basic knowledge of computer programs in a Windows environment, including, Word. Excel, Outlook, etc).
- Prior experience working in a paperless environment, including familiarity with online underwriting tools is preferred. ( SAGE, Silver Plume, Reference connect, etc)
Additional Company Details
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.
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This job is no longer accepting applications
See open jobs at W. R. Berkley.See open jobs similar to "Senior Renewal Underwriter" Kalepa.