Assistant Underwriter

Berkley•Irving, TX

1d•Hybrid

About The Position

As an Assistant Underwriter, you'll contribute to Berkley Southwest's financial objectives in partnership with their Underwriting and Sales account teams. Responsibilities include monitoring renewal pipeline, underwriting renewal business, and processing endorsements within established authority and in consideration of risk, appetite, and pricing guidelines. 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. Benefits – competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education.

Requirements

Bachelor’s degree in related field or equivalent combination of education and experience.
Verbal and written communication skills necessary to interact professionally with all internal and external contacts. Ability to articulate clearly, concisely, and deliver difficult messages thoughtfully.
Solid organizational skills with the ability to handle multiple tasks and priorities.
Strong computer skills with knowledge of MS Excel and Word.
Able to thrive in a fast-paced environment.
Learning agility – willing and able to learn from experiences and new situations.
Ability to project a warm and friendly manner in all business contacts and maintain a professional relationship with co-workers, agency contacts, and the general public.
Aligns and practices our C.A.R.I.N.G. Values (Collaboration, Accountability, Respect, Integrity, Nurturing Growth, Generosity)

Nice To Haves

Commercial rating experience or experience in underwriting role preferred.
Advanced insurance education is desired, such as Associate in General Insurance, Kaplan Insurance courses, CPCU etc.

Responsibilities

Perform underwriting analysis on low complexity renewal accounts within authority by analyzing exposures, financial stability, historical loss data, and potential hazards. Refer renewals outside of assigned authority to Manager or Underwriter. Apply recommended pricing to underwritten accounts and discusses significant rate changes with the Underwriter and Regional Sales Director to determine the best approach for communication with the agent.
When requested, complete cursory of new business for acceptability, gather key underwriting reports and required information.
Serve as account team first point of contact with agent concerning missing information, service issues, billing questions, etc.
Review incoming account endorsement requests for acceptability. Approve endorsements for processing within assigned authority levels. Refers endorsements outside of authority or those with unique exposures to appropriate authority level.
Order loss control reports as required based upon underwriting guidelines or upon the request of the Underwriter. Will review and advise the Underwriter of any discrepancies so that appropriate endorsements can be applied. Reviews loss control reports for risks and follows up on open recommendations. Based upon authority level, may refer poor loss control reports to Underwriter.
Approve or reject new business rules, as provided by assigned authority.Completes required filings.
Reviews premium audit changes and request updates to exposures, as directed.
Evaluate incoming account correspondence. Based on the data presented, the AU will work autonomously to decide within assigned authority level, refer to underwriter or leadership when needed.
Communicate and interact with agents in a professional manner, be the first point of contact on missing information, service issues, billing questions, etc.
Establish and maintain regular communication channels with all teams, stay updated on relevant account developments and industry trends.
Other duties and projects as assigned.