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Underwriter

Underwriter

W. R. BerkleyChicago, IL, United States
13 hours ago
Job type
  • Full-time
Job description

Company Details

Berkley Select delivers professional liability insurance solutions to individuals, businesses, professional services firms, and nonprofit organizations. As a Berkley company, Berkley Select is staffed with a team of experts with a specific focus on Professional Liability. Berkley Select utilizes individual risk underwriting, loss control, and claims practices providing superior products and services to its customers.

Berkley Select is a Berkley Company. W. R. Berkley, founded in 1967, is one of the nation's premier commercial lines property casualty insurance providers. W. R. Berkley Corporation (NYSE : WRB).

Responsibilities

The Underwriter I Lawyers Professional Liability role is designed for professionals with foundational experience in underwriting, particularly within the Errors & Omissions (E&O) space. This position focuses on evaluating and managing risk for Lawyers Professional Liability accounts.

The ideal candidate will demonstrate strong analytical skills, a collaborative mindset, and a desire to grow within a dynamic underwriting team. This role offers the opportunity to build key broker relationships and contribute to the expansion of our business portfolio.

Underwriting

  • Review and analysis of new and renewal submissions, including claims history, financials, and coverage needs.
  • Help determine territory and pricing strategies in collaboration with other LPL underwriters.
  • Prepare and issue indications, quotes, binders, and policy documents with accuracy and timeliness.
  • Monitor upcoming renewals and ensure timely communication with brokers.

Account Management

  • Adherence to pricing initiatives, rate plan and rate strategy.
  • Knowledge and understanding of Underwriting Guidelines.
  • Measured success based on written premium and retention.

    • Broker Relationship Management

  • Support broker communications by timely gathering required information and responding to inquiries.
  • Maintain accurate broker contact logs, reports, and activity records in underwriting system.
  • Communicate expectations to brokers and work with Customer Relationship Management tools and systems.
  • Travel to visit producers within defined territories based on relationships.

    • Pre-Underwriting & Operational Tasks

  • Gather third-party reports, prior claim history, and other underwriting data for renewal accounts.
  • Assist in identifying accounts requiring non-renewal or changes in terms.
  • Ensure completeness and accuracy of underwriting documentation and system entries.

    • Training & Development

  • Participate in structured training programs and on-the-job learning to build underwriting expertise.
  • Collaborate with senior underwriters and cross-functional teams on special projects and process improvements.
  • Attend industry education events.

    • Other

  • Special projects or reports as determined by need.
  • Regular and predictable attendance.

    • Qualifications

  • Bachelor's degree preferred (Business, Finance, Risk Management, or related field).
  • Insurance designations, such as an RPLU, are a plus.
  • Prior experience in Errors & Omissions insurance or professional liability underwriting.
  • Strong analytical, organizational, and decision-making skills.
  • Excellent verbal and written communication abilities.
  • Motivated by a competitive, results-driven environment.
  • Proficient in Microsoft Office Suite (Excel, Word, Outlook).
  • Customer-focused, collaborative, and eager to grow professionally.

    • Additional Company Details

    The position is based in Chicago; in-office four days per week.

    We do not accept any unsolicited resumes from external recruiting firms.

    The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes : Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

    Base Salary Range : $72,000 - 88,000.

    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. This role is eligible to participate in the annual discretionary bonus program.

    We also offer :

    Comprehensive training and mentorship from industry experts.

    Clear career development pathways within a growing underwriting team.

    Inclusive and collaborative office culture in downtown Chicago.

    Competitive compensation and benefits package.

    The Company is an equal employment opportunity employer.

    Sponsorship Details

    Sponsorship not Offered for this Role

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    Underwriter • Chicago, IL, United States