Associate Underwriter
Berkley Industrial Comp (a Berkley Company) · Lexington, KY · 2 wk ago
Finance$25k/yrFull-time
Berkley Industrial Comp’s underwriting department focuses on workers’ compensation insurance, partnering closely with underwriting and business engagement teams to support strong renewal outcomes and customer service.
Responsibilities
- Assist underwriters with reviewing, documenting, and preparing renewal files and quotes.
- Work with the underwriting team to successfully renew business and help meet retention goals.
- Collaborate with the underwriting department to review, quote, issue, and retain business.
- Learn all facets of the underwriting job and be trained to become an Underwriter.
- Exercise underwriting authority within defined parameters and work with the underwriting team to quote and bind business.
- Identify monthly renewals and proactively work with underwriters to prepare renewal quotes within a defined set of parameters.
- Prepare BRAT models and BRAT loss modeling for renewal quotes.
- Review, quote, and bind renewal business within assigned authority limits.
- Prepare pertinent renewal information including Experian data, SAFER data, OSHA data, claims data, RAMP data, and pricing data.
- Exercise underwriting authority for small renewal policies between $10k–$25k with oversight from the Underwriter.
- Prepare HAMOGRAK documentation forms for renewal files.
- Collaborate with BIN’s underwriting team to propose renewal pricing quotes.
- Perform other underwriting tasks, projects, and initiatives as set forth by the Director of Underwriting.
- Assist the Business Engagement Department with tasks as workloads and business needs require.
- Communicate with the Business Operations Manager and Business Engagement team members to ensure excellent customer service is maintained.
- Conduct risk exposure research relating to submissions.
- Maintain strong industry knowledge on the Workers Compensation line of business.
- Support the Business Engagement Department as needed, with time spent between Underwriting and Business Engagement fluctuating based on business needs.
- Learn to leverage workers’ compensation underwriting expertise to assess risks to underwrite policies.
Qualifications
- Ability to work as a team player and collaborate with the underwriting department, Business Operations Manager, and Business Engagement team members.
- Positive attitude and willingness to help whenever and wherever needed as business needs arise.
- Interest in learning all facets of the underwriting job and developing workers’ compensation underwriting expertise.
Primary location: Birmingham, AL. Sponsorship is not offered for this role.