E&S Business Development Underwriter

W.R. Berkley • Wilmington, DE

85d • Remote

About The Position

Berkley Aspire is an excess & surplus lines insurer of commercial risks unable to find a home in the standard markets. We are an operating unit of WR Berkley, a publicly traded (NYSE "WRB") global insurer founded in 1967. We make excess & surplus lines easy - easy for our distribution partners, easy for the businesses they represent, and easy to navigate. The lines of coverage we underwrite include general liability, property, and excess liability. Our model is different than our competitors - we do the premium billing and do not add interest/ finance percentage, we offer enhanced commissions, and we handle the stamping, affidavit filings, and other behind-the-scenes paperwork. Our company culture is entrepreneurial, employee centric, and focused on sustainable growth. Aspire teammates work either remotely or on a hybrid schedule from offices in Scottsdale, Cincinnati, and Richmond. If you are looking for a company that offers room for advancement, great benefits, and positive vibes, then Aspire may be the place for you!

Requirements

• Demonstrated success in commercial lines property casualty insurance businesses.
• 5+ years of commercial lines underwriting experience, E&S experience highly preferred.
• Past experience working with independent agents is preferred.
• Surplus lines underwriting experience is highly preferred.
• Basic knowledge of computer programs in a Windows environment, including Word, Excel, and E-mail.
• Prior experience working in a paperless environment, including familiarity with online underwriting tools is preferred.
• Ability to travel within your territory up to 50%.

Responsibilities

• Manage assigned underwriting territory covering New Jersey and Delaware to achieve profitable growth.
• Underwrite new business, renewals, endorsements, and other transactions.
• Identify new business opportunities and manage agency relationships.
• Develop relationships and educate agents within agency plant to maximize opportunities.
• Initiate outbound calls to agencies to identify sales opportunities and collect agent intelligence.
• Achieve new business premium, renewal premium retention, and rate change objectives.
• Evaluate new and renewal account information to determine risk acceptability, terms/conditions to be quoted, and pricing.
• Make sound risk and pricing decisions that achieve profitable loss ratios.
• Maintain underwriting quality score of 90% or greater.
• Document underwriting file to support acceptability and pricing in accordance with company guidelines.
• Achieve customer service standards for new business quote turnaround, renewal quotes, endorsements, cancellations, audits, and policy issuance.
• Provide detailed issuance instructions to ensure policy delivery consistent with quoted terms and conditions.
• Review mid-term endorsement requests for acceptability and provide instructions for processing.
• Evaluate premium audit referrals to determine class acceptability and adjust current term as necessary.
• Order and review inspections to confirm accounts written are consistent with preliminary underwriting information.
• Assist with training, mentoring, and coaching of less experienced team members.
• Determine if facultative reinsurance is needed and factor reinsurance cost in gross pricing.
• Utilize various underwriting tools to determine acceptable risk characteristics and accurate exposure classifications.
• Support other underwriters as assigned when they are traveling or out on vacation/sick time.

Benefits

• Competitive compensation plan.
• Robust benefits package for full-time regular employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Number of Employees: 5,001-10,000 employees