What are the responsibilities and job description for the Underwriting Trainee position at Berkley?
Company Details
Berkley Small Business Solutions (BSB) is committed to providing small business customers with the next generation of small business solutions, including offering operational, underwriting, and marketing opportunities. We offer insurance products to Small Business Owners for transportation and other main street businesses. We leverage underwriting expertise, data, and analytics, and automation for risk assessment, selection, pricing retention. We champion our customers, distribution always seeking a smarter way to provide a more efficient and better user experience.
We are a proud member of W. R. Berkley Corporation, one of the largest commercial lines property casualty insurance holding companies in the United States. With the resources of a large Fortune 500® corporation and the flexibility of a small company, we exclusively work with select independent agents to bring technology solutions that help them build their business.
Responsibilities
Under close supervision, and as a participant in a structured training program, actively learns about underwriting philosophy,guidelines, business unit products and strategies, negotiation and relationship building. As a trainee, handles renewalbusiness and smaller new business submissions under close supervision. As knowledge increases, authority is expanded tolarger renewal risks and new business submissions that are more complex. Seeks opportunities to observe account analysisdiscussions with other underwriters and underwriting leaders
Key functions will include but are not limited to:
- Participate in a structured training program covering underwriting principles, transportation industry knowledge, andcompany systems.
- Learn BHS’s appetite and underwriting guidelines to evaluate and select profitable risks.
- Review new business submissions for completeness and assess risk in alignment with company standards.
- Develop negotiation and relationship-building skills to work effectively with agents and brokers.
- Collaborate with Assistant Underwriters, Senior Underwriters, Operations Staff, and Senior Leadership to solicit, quote,and bind risks.
- Maintain accurate records and documentation in underwriting systems and ensure compliance with internal processes
Qualifications
- Bachelor’s degree in business, Risk Management, Insurance, or a related field (or equivalent experience)
- Prior experience in insurance a plus.
- Strong analytical, organizational, and communication skills.
- Proficiency in Microsoft Office Suite (Excel, Word, Outlook).
- Eagerness to learn and grow within the insurance industry.
- Ability to work both independently and collaboratively in a fast-paced environment.
The Company is an equal employment opportunity employer.
Additional Company Details
We do not accept unsolicited resumes from third party recruiting agencies or firms.Sponsorship Details
Sponsorship not Offered for this Role
