Company Details
Berkley Edge offers solutions for hard-to-place and distressed risks for both professional and casualty lines of business. Edge will focus on small to mid-sized risks through a wholesale only distribution model.
Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States. Along the way, we have been listed on the New York Stock Exchange, seen our revenue soar well past $10 billion, and become a well-respected Fortune 500 Company.
Responsibilities
This is an entry level position within insurance underwriting. The Underwriter Trainee will be focused on learning the underwriting practices and the application of building and growing the Edge business. In this role, trainees will participate in formal or on-the-job training, developing a working knowledge of product language, underwriting practices, policies and guidelines. This position has a defined career path and is a great first step in the insurance industry. Key functions will include but are not limited to :
Industry / Practice / Knowledge
- Links line of business policies and practices to company strategies
- Identifies and acts on opportunities to share knowledge with clients and customers
- Networks with peers and outside resources to exchange ideas and information
Product Skills
Compares company coverages to competitors and differentiates our company from othersIdentifies new product opportunitiesExplains company service capability and applies to specific client needs, including coordination of standard service delivery to customersBook Management / Pricing Skills
Applies standard pricing to exposuresApplies individual loss and expense factors, when applicableUtilizes internal information systems to measure resultsAnalyzes and evaluates impact of producer performance on assigned bookApplies key expense components, influencing controllable elements according to plans and strategiesIdentifies and evaluates influence of competitor strategies in local territory or line of business and its effects on the company’s businessConsulting
Provides appropriate input for written premium and expense budget planningOffers creative solutions that contribute to the achievement of business resultsRisk Selection
Applies underwriting strategies and standards to pre-qualify risk acceptabilityIdentifies and assesses exposures for each riskPerforms detail analysis utilizing appropriate information (exposure / rate / financial & loss) to determine account acceptability, taking customer needs into considerationAssesses rate adequacy relative to exposureClient Management
Identifies clients' needs and recommends solutionsHandles or refers as appropriate cross selling opportunitiesNegotiates standard coverage issues, closes sale, and gauges customer satisfactionIdentifies and accesses basic underwriting / service resources and associated cost benefitDemonstrates knowledge of competitors products, strategies, strengths, weaknesses, position within agencies / in marketplace, financial pictureDevelops and pursues prospective clientsFollows-up on prospective and incumbent clients' needsQualifications
Bachelor’s degree in business, Risk Management, Insurance, or a related field (or equivalent experience)Prior experience in insurance a plus.Strong analytical, organizational, and communication skills.Proficiency in Microsoft Office Suite (Excel, Word, Outlook).Eagerness to learn and grow within the insurance industry.Ability to work both independently and collaboratively in a fast-paced environment.Computer literate including use of Word, Excel and various project management toolsFlexible and open to change and enhancements to help evolving in a competitive marketAdaptive to adjusting priorities and / or work on multiple tasksStrong sense of ownership and accountability as a result of being highly motivatedThe Company is an Equal Employment Opportunity Employer
Additional Company Details
We do not accept unsolicited resumes from third party recruiting agencies or firms.
Sponsorship Details
Sponsorship not Offered for this Role
