What are the responsibilities and job description for the Renewal Underwriter - Professional Liability position at Vela Insurance Services (a Berkley Company)?
Company Details
Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following market segments: Construction, Specialty Casualty, & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.
Responsibilities
The Renewal Underwriter plays a critical role in retaining profitable business and achieving adequate rate across assigned accounts. As part of a collaborative “one team” approach, this role supports the Broker Specialists in maintaining strong broker relationships while focusing on desk underwriting. The Renewal Underwriter is responsible for evaluating renewal submissions, negotiating terms, and ensuring underwriting integrity and profitability.
The Company is an equal employment opportunity employer.
We do not accept any unsolicited resumes from external recruiting firms.
Benefits
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:
Base Salary Range: $90,000 - $120,000.
The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.
This role is eligible to participate in the annual discretionary bonus program.
Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.
Sponsorship Details
Sponsorship not Offered for this Role
Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following market segments: Construction, Specialty Casualty, & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.
Responsibilities
The Renewal Underwriter plays a critical role in retaining profitable business and achieving adequate rate across assigned accounts. As part of a collaborative “one team” approach, this role supports the Broker Specialists in maintaining strong broker relationships while focusing on desk underwriting. The Renewal Underwriter is responsible for evaluating renewal submissions, negotiating terms, and ensuring underwriting integrity and profitability.
- Manage the renewal process for assigned accounts, ensuring timely and accurate underwriting decisions.
- Analyze account performance and market conditions to determine appropriate pricing and terms.
- Collaborate closely with Broker Specialists to support broker relationships and ensure a unified team approach.
- Maintain underwriting discipline while balancing retention and profitability goals.
- Communicate effectively with brokers regarding renewal terms, changes, and underwriting rationale.
- Monitor rate adequacy and contribute to portfolio management strategies.
- Provide input on underwriting guidelines and product enhancements based on renewal trends.
- Maintain accurate records and documentation in underwriting systems.
- Some travel for key in-person meetings, client meetings and industry events.
- Regular and predictable attendance
- Other duties as assigned
- Bachelor’s degree in Business, Insurance, Risk Management, or related field preferred.
- 1-2 years experience in E/S insurance.
- Strong analytical and problem-solving skills.
- Effective communication and negotiation skills.
- Ability to work independently and as part of a collaborative team.
- Proficiency in underwriting systems and Microsoft Office Suite.
The Company is an equal employment opportunity employer.
We do not accept any unsolicited resumes from external recruiting firms.
Benefits
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:
Base Salary Range: $90,000 - $120,000.
The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.
This role is eligible to participate in the annual discretionary bonus program.
Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.
Sponsorship Details
Sponsorship not Offered for this Role
Salary : $90,000 - $120,000