Underwriting Trainee

Berkley - Chicago, IL

Full-time - Entry Level

Chicago, IL

Administrative and Support Services

About the position

The Underwriting Trainee position at Berkley Alliance Managers is designed for individuals looking to build a profitable portfolio of business while gaining a comprehensive understanding of underwriting processes and responsibilities. The role involves learning about various insurance coverages, developing relationships with clients and producers, and providing technical support to the underwriting team. This position is ideal for candidates who are eager to learn and grow within the insurance industry.

Responsibilities

• Contribute to building a profitable portfolio of business.
• Learn Berkley Construction Professional coverages and policy forms.
• Demonstrate functional knowledge of underwriting, producer relationships, and market management issues.
• Understand the approach to managing relationships with clients and producers.
• Exhibit proficiency in marketing and sales methodologies.
• Develop a functional understanding of multiple lines of commercial insurance.
• Provide technical support to underwriting staff.
• Organize, analyze, and input relevant underwriting information into all systems.
• Prepare, review, and issue quotes, binders, and policies.
• Maintain organization of account files and approved broker lists.
• Follow up with brokers for subjectivities of binding.
• Issue Notices of Cancellation and execute Broker of Record protocols.
• Solicit renewal submissions and review submissions for discrepancies.
• Prepare written analyses and populate price models for risks and exposures.
• Monitor email correspondence and triage requests from underwriting staff, brokers, and insureds.
• Execute special projects for operational excellence and portfolio analysis reporting.
• Engage in self-study for appropriate designations as defined by management.
• Interact with the marketplace through attendance at regional client and producer meetings.

Requirements

• Bachelor's Degree from an accredited 4-year institution.
• Strong oral and written communication skills.
• Critical thinking, problem-solving, and analytical skills.
• Ability to identify, gather, and organize information and articulate findings.
• Proficiency in Microsoft Office Applications (Excel, Word, PowerPoint).
• Ability to learn and leverage new software applications and technologies.
• Effective communication and interpersonal skills.
• Strong business acumen and positive attitude.
• Resourcefulness and demonstrated leadership characteristics.
• Capable of working independently with minimal direction.