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Underwriting Assistant

Underwriting Assistant

W.R. BerkleyWest Hartford, CT, US
9 days ago
Job type
  • Full-time
  • Temporary
Job description

Underwriting Assistant

Berkley Asset Protection was established in 2008 to deliver the industry's most complete and high quality portfolio of specialized insurance products and services to protect fine art, jewelry and other high-value personal and commercial assets. We support the market through close partnerships with an established distribution network of retail and wholesale insurance professionals. Our brokers and agents cater to a global base of clients in a variety of environments, including private and corporate art collections, museums, galleries, and exhibition, jewelry wholesalers, retailers, and manufacturers, along with those who work with collectibles, currencies, securities, and other high-value assets. Our claims and loss control operation is the undisputed gold standard for the entire fine art and jewelry insurance industry.

This role will be based in our West Hartford, CT office and require in office 5 days a week till becoming a full time employee where it will be 4 days in the office, 1 work from home.

The company is an equal employment opportunity employer.

Responsibilities

As an Underwriting Assistant, you will process underwriting support tasks for a line of business for the lifecycle of an account. The account lifecycle may include (but is not limited to : issuance of new business quotes, binders, policies, and mid-term endorsements, renewal solicitations, renewal raters, quotes, binder, policies, and mid-term endorsements, audits, cancellations and non-renewals (both Insured and Company request). Depending on your level of experience, you may have some limited underwriting authority.

This is a temporary role with the opportunity to become a full time employee.

What you can expect :

  • Culture of innovation, teamwork, supportive colleagues and leaders willing to invest in talent
  • Internal mobility opportunities
  • Visibility to senior leaders and partnership with cross functional teams
  • Opportunity to impact change

We'll count on you for :

  • Pre-underwriting / pre-qualification of New Business and Renewal risks.
  • Solicitation of additional information relative to submission from broker
  • Preparing Declination correspondence to broker
  • Completion / updating data entry fields in BPM Workflow Management System
  • Aid in the completion of Rating / Review Documents
  • Completion of necessary fields in Underwriting System
  • Limited Underwriting Authority for renewal business (within established guidelines)
  • Tracking and follow-up of outstanding subjectivity items
  • Policy and endorsement processing and issuance
  • Management of Declined / Unsuccessful accounts in Underwriting System(s) and BPM Workflow Management System
  • Monthly solicitations / follow-up for outstanding renewal information
  • Generation and Management of Monthly Renewal Lists - specific to Line of Business / Underwriter
  • Generation of Monthly Bound Account List for use in File Audits
  • Monthly completion of File Audits (for previous month) - Tracked through BPM Workflow Management System
  • Act as liaison with finance / accounting as needed
  • Manage billing / accounting inquiries (FAB Billing System)
  • Follow-up on overdue premiums
  • Participates in special projects or program business as needed
  • Availability to aid in additional workflow processes when needed and subject to supervisor direction

    • Qualifications

    What you need to have :

  • Basic computer skills as well as proficiency with Microsoft Word, Microsoft Excel, and other related programs
  • Attention to detail
  • Functional understanding of all required systems and processes
  • Professional and effective communication skills
  • Ability to work both independently and in a team environment
  • Willingness to learn
  • Ability to multi-task
  • Ability to work in a fast-paced environment and respond quickly when necessary
  • Excellent time management skills

    • What makes you stand out :

  • Bachelor's Degree from a four-year college or university
  • 2+ years of insurance industry / related experience and / or training preferred
  • Understanding of BAPU Best Practices, Underwriting Guidelines and Line of Business risk appetite

    • Additional Company Details

    We do not accept any unsolicited resumes from external recruiting firms. Target Hourly Range : $26.00 - $27.00 There is potential for the role to become "Temp to Perm". Should the role become "Perm", we'd offer a competitive compensation plan and robust benefits package for full time regular employees including : Eligible to participate in annual discretionary bonus Benefits include : Health, dental, vision, dental, 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

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    Underwriting Assistant • West Hartford, CT, US