Underwriting Specialist

Responsibilities

• Grow the book of business in the assigned region by actively partnering with brokers and working effectively with colleagues throughout the organization.
• Select risks in line with Berkley Luxury Group’s strategy and underwriting guidelines, operating within authority and documentation guidelines.
• Follow up on accounts and close new business.
• Plan and budget for the book of business, track and report performance to plan, and develop a clear view of market conditions and competitive landscape.
• Provide guidance and assistance to other underwriters and to other functional areas.
• Maintain production, hit ratios, renewal retention ratios, spread of risk, and other production and quality measures.
• Monitor and evaluate brokers’ performance on an ongoing basis to ensure company and broker goals are met.
• Evaluate brokers for management issues and make recommendations.
• Communicate corporate goals, programs, underwriting policies, procedures, best practices, and guidelines to brokers.
• Prepare quotes and answer questions from agencies, policyholders, or other external contacts and escalate issues as necessary.
• Negotiate with brokers to reach positive and profitable outcomes.
• Deliver exceptional, timely, complete, and accurate service.
• Work with brokers to craft best solutions for their clients.
• Notify brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations.
• Underwrite empathetically at all times.

Qualifications

• Bachelor’s Degree or equivalent job-related experience
• Minimum of 5 years underwriting experience
• Demonstrated technical underwriting expertise and product specific knowledge in Property, Liability, Auto, and Umbrella
• Strong analytical and problem-solving skills
• Strong interpersonal, communication, and negotiation skills
• Solid knowledge of underwriting and insurance industry theories and practices
• Proficiency in Microsoft Office Suite

Skills

• Technical underwriting expertise
• Analytical and problem-solving skills
• Communication and interpersonal skills
• Negotiation skills
• Sales and marketing proficiency
• Time management and prioritization
• Decision-making and judgment
• Microsoft Office proficiency