Life Science Associate

Berkley•Ewing, NJ

14d

About The Position

W.R. Berkley Corporation is a Fortune 500 Company, listed on the New York Stock Exchange. The Company is made up of dedicated and passionate people committed to delivering the highest quality insurance products and services to specialized markets worldwide. Our culture is one of innovation, creativity and teamwork. Our team is highly motivated, passionate about our business, and deeply experienced in developing and delivering product and service solutions in the life science marketplace. You will join a highly respected team of experienced, successful professionals with deep expertise in this market as they build the company of the future. At Berkley Life Sciences, we insure the future of life science innovators today. We do so by serving as a preferred market for the life science industry around the globe, offering a broad range of sophisticated property & casualty products and services designed to meet our customers’ individualized needs. The company is an equal employment opportunity employer. Berkley Life Sciences professionals cohesively respond to the unique challenges faced by our life science customers. We are looking for talented and dedicated professionals to join our team. This role, a key contributor within the Berkley Life Sciences organization, is responsible for the new business production, renewal underwriting and service of business for an assigned group of producers and underwriters . This role works closely with every department to meet all compliance, regulatory and service guidelines. In strategic alliance with the Manager, LSA Build strong relationships with internal and external customers and colleagues to ensure you meet or exceed financial goals including growth, profit, retention, and new business. Demonstrate the ability to negotiate and strategize and make sound underwriting decisions within authority. Review all new line/endorsement submissions and stay within applicable binding authority Drive renewal process, review upcoming renewals, work with producers to obtain and evaluate all underwriting information, prepare for renewal for the Life Sciences Specialist Manage assigned book to achieve budgeted rate, retention and new business goals Execute proper pricing components and rating methodologies. Responsible for account solicitation, risk selection, research and analysis including the corresponding documentation and pricing, and marketing of Berkley Life Sciences products and services for new and existing customers. Analyze, assess and select risks in accordance with BLS for account rounding goals. Responds to coverage inquiries from producers. Stay current with all compliance, procedural and workflow changes. Work collaboratively and effectively with underwriters, operations, legal, home office underwriting and claims

Requirements

Bachelor’s degree or equivalent experience
Minimum of 3 years of associate underwriting experience including products or property, workers compensation and automobile
Exceptional oral and written communication skills. Your communication style is flexible to the situation. You communicate clearly and with a purpose
Calm under pressure. You have excellent organizational skills, integrity, and great follow-through on tasks. You are comfortable challenging norms while working collaboratively with colleagues at all levels of the organization
You have a strong sense of accountability, fun and adventure
You have a proven track record of building and maintaining strong business relationships with insureds, agents & brokers.
A strong customer service bias. You want to get to yes. You are known for your super responsiveness. You can say no and maintain your relationships.
Natural curiosity. You love learning how things work and you are always looking for innovative improvements
An analytical mind. You love to dive into the details of an account to craft pricing and coverage that meet underwriting guidelines, profitability models and customer needs
Interest in pursuing a career in underwriting, with a strong foundation in risk assessment, analytical thinking, and a commitment to developing technical expertise in life science products and markets.
Advanced proficiency with the Microsoft suite of products

Nice To Haves

Claims made experience a plus.
Products Liability experience a plus
Life Sciences experience a plus

Responsibilities

Responsible for the new business production, renewal underwriting and service of business for an assigned group of producers and underwriters
Works closely with every department to meet all compliance, regulatory and service guidelines
Build strong relationships with internal and external customers and colleagues to ensure you meet or exceed financial goals including growth, profit, retention, and new business.
Demonstrate the ability to negotiate and strategize and make sound underwriting decisions within authority.
Review all new line/endorsement submissions and stay within applicable binding authority
Drive renewal process, review upcoming renewals, work with producers to obtain and evaluate all underwriting information, prepare for renewal for the Life Sciences Specialist
Manage assigned book to achieve budgeted rate, retention and new business goals
Execute proper pricing components and rating methodologies.
Responsible for account solicitation, risk selection, research and analysis including the corresponding documentation and pricing, and marketing of Berkley Life Sciences products and services for new and existing customers.
Analyze, assess and select risks in accordance with BLS for account rounding goals.
Responds to coverage inquiries from producers.
Stay current with all compliance, procedural and workflow changes.
Work collaboratively and effectively with underwriters, operations, legal, home office underwriting and claims