Associate Underwriter I

Company Details

W.R. Berkley Corporation, founded in 1967, is one of the nation's premier commercial lines property casualty insurance providers. Founded in 2004, Berkley Environmental has underwriting and account executive units in seven regions. Berkley Environmental offers an array of coverages for virtually all classes traditionally known to have environmental liability exposures on both an admitted and non-admitted basis. We provide a comprehensive portfolio of commercial property casualty insurance, automobile liability and workers' compensation, along with claim services, providing expertise to meet the unique business needs of our customers.

Company URL: https://berkleyenvironmental.com/

The company is an equal opportunity employer.

Responsibilities

We are hiring 5 -7 candidates to participate in our Associate training program, anticipated to begin in June 2024.

• The associate program is a 12-month program.

• The expectation upon successful completion of the program is to be assigned as an entry level underwriter or entry level claims adjuster.

• Open to all office locations for underwriting (Boston, Jersey City, Philadelphia, Dallas, Chicago, Walnut Creek & Los Angles) and NJ or Texas for claims

• Candidates will be pre-selected for either a Claims Associate position or an Underwriting Associate position

• Each Associate will complete a rotation in our Underwriting and Claims Department with exposure to our other teams including Finance, Premium Audit, Sales and Marketing, among others.

• Associates works under direct supervision. As an associate, you will participate in a training program that will combine coursework and on-the- job training.

• Associates will actively learn about property, casualty and environmental products, underwriting and claims philosophies, strategies, processes and procedures

• Associates will establish relationships within the Company and industry and develop entry level sales and marketing skills.

All trainees will:

• Obtain a thorough understanding of the insurance industry

• Learn the property, casualty and environmental products underwritten by Berkley Environmental

• Learn the workflows, guidelines and processing steps within the business units

• Learn to interact and collaborate with colleagues within the business units

Our Underwriting Associates will:

• Learn to underwrite Berkley Environmental products (risk assessment, regulatory compliance, financial analysis and develop decision making skills)

• Assist in underwriting and pricing accounts in accordance with business strategies. Formulate and communicate recommendations based on learned underwriting skills

• Learn how to perform a financial analysis on the audited/reviewed financials or other financial information of insures using appropriate tools

• Create and solicit renewal applications from the broker after reviewing the expiring policy and loss information. Communicate with the broker what is needed for the renewal and any changes to the terms and conditions of the policy

• Underwrite endorsement requests from brokers and forward to the underwriting assistant to issue

• Develop marketing skills with our agents, brokers and clients

• Complete INS21, INS 22, & INS 23 courses

Qualifications

• Work for Berkley Environmental in their current position for a minimum of 6 months

• College degree or equivalent

• Demonstrated an interest in either claims and/or underwriting in their prior position

• If selected during the interview process, the current manager will be consulted prior to program acceptance

• Exhibit strong oral and written communication skills

• Demonstrated an ability to learn on multiple technology platforms

• Be Detail oriented

• Demonstrate excellence in Customer Service

• Capable of working in a "paperless" work environment

• Proficient in Excel, Word, Spreadsheets, PowerPoint and email systems.

• Exhibit an ability to work independently & collaboratively, while handling multiple tasks in a dynamic fast paced environment

• Be self-reliant & motivated

Education Requirement

• Bachelor's degree or higher (Prefer in Risk Management, Business, Finance or Environmental Sciences)

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 which for this role include: • Base Salary Range: $48,000 - $96,000 • Eligible to participate in annual discretionary bonus. • Benefits: Health, Dental, Vision, 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 Details

Sponsorship not Offered for this Role Responsibilities We are hiring 5 -7 candidates to participate in our Associate training program, anticipated to begin in June 2024.

• The associate program is a 12-month program.

• The expectation upon successful completion of the program is to be assigned as an entry level underwriter or entry level claims adjuster.

• Open to all office locations for underwriting (Boston, Jersey City, Philadelphia, Dallas, Chicago, Walnut Creek & Los Angles) and NJ or Texas for claims

• Candidates will be pre-selected for either a Claims Associate position or an Underwriting Associate position

• Each Associate will complete a rotation in our Underwriting and Claims Department with exposure to our other teams including Finance, Premium Audit, Sales and Marketing, among others.

• Associates works under direct supervision. As an associate, you will participate in a training program that will combine coursework and on-the- job training.

• Associates will actively learn about property, casualty and environmental products, underwriting and claims philosophies, strategies, processes and procedures

• Associates will establish relationships within the Company and industry and develop entry level sales and marketing skills. All trainees will:

• Obtain a thorough understanding of the insurance industry

• Learn the property, casualty and environmental products underwritten by Berkley Environmental

• Learn the workflows, guidelines and processing steps within the business units

• Learn to interact and collaborate with colleagues within the business units Our Underwriting Associates will:

• Learn to underwrite Berkley Environmental products (risk assessment, regulatory compliance, financial analysis and develop decision making skills)

• Assist in underwriting and pricing accounts in accordance with business strategies. Formulate and communicate recommendations based on learned underwriting skills

• Learn how to perform a financial analysis on the audited/reviewed financials or other financial information of insures using appropriate tools

• Create and solicit renewal applications from the broker after reviewing the expiring policy and loss information. Communicate with the broker what is needed for the renewal and any changes to the terms and conditions of the policy

• Underwrite endorsement requests from brokers and forward to the underwriting assistant to issue

• Develop marketing skills with our agents, brokers and clients

• Complete INS21, INS 22, & INS 23 courses