Underwriting Specialist

Berkley•Cincinnati, OH

1d•Remote

About The Position

Berkley Luxury Group is seeking an Underwriting Specialist to join their team. This position can be located anywhere in Ohio and will be responsible for growing the book of business in that region. The Underwriting Production Specialist is a key member of the underwriting team reporting to the VP of Underwriting. The primary goal of this position is to profitably grow a book of business by actively partnering with brokers and working effectively with colleagues throughout the organization. This person will plan and budget for the book of business, develop and maintain agency relationships, and execute underwriting decisions using underwriting rules, designated authority and will have strong knowledge of insurance laws and regulations.

Requirements

Bachelor’s Degree or equivalent job-related experience
Minimum of 5 years underwriting experience
Demonstrated technical underwriting expertise and product specific knowledge in Property, Liability, Auto, and Umbrella
Strong analytical and problem-solving skills in addition to strong interpersonal, communication and negotiation skills
Demonstrated proficiency in sales and marketing
Solid knowledge of underwriting and insurance industry theories and practices
Strong written and verbal communication, negotiation and interpersonal skills and the ability to effectively interact with all levels of internal and external business partners
Ability to multi-task and to independently prioritize competing demands and requests within given time constraints
Ability to work independently
Ability to exercise independent judgment and effectively make sound business decisions
Proficiency in Microsoft Office Suite

Responsibilities

Responsible for new and renewal underwriting execution, including selecting risks in line with BLG’s strategy and underwriting guidelines, operating within authority and documentation guidelines, following up on accounts and closing new business
Plan and budget for the book of business, track and report performance to plan, and develop a clear view of market conditions and competitive landscape
Provide guidance and assistance to other underwriters and to other functional areas
Monitor production, hit ratios, renewal retention ratios, spread of risk and other production and quality measures
Keep current on state or territory issues, regulations and trends
Develop trusted, respected and lasting relationships with broker partners through visitations and regular connections
Accountable for tracking of progress and positioning BLG within assigned broker organizations
Evaluate the performance of assigned brokers on an ongoing basis to ensure company and broker goals are met
Participate in review and evaluation of brokers and make recommendations on broker management issues
Communicate corporate goals, programs, underwriting policies, procedures, best practices and guidelines to brokers
Prepare quotes and answer questions from agencies, policyholders or other external contacts and escalate issues as necessary
Negotiate with brokers to reach positive and profitable outcomes
Deliver exceptional, timely, complete and accurate service
Work with brokers to craft best solutions for their clients
Notify brokers of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations and underwrite empathetically at all times