What are the responsibilities and job description for the Underwriter Analyst position at Berkley?
Company Details
Berkley Accident and Health is a risk management company that designs innovative solutions to address the unique challenges of each client. With our entrepreneurial culture and a strong emphasis on analytics, we can help employers better manage their risk. We offer a broad range of products, including employer stop loss, benefit captives, provider stop loss, HMO reinsurance, and specialty accident. The key to Berkley’s success is our nimble approach to risk – our ability to quickly understand, think through, and devise a plan that addresses each client’s challenges, coupled with the strong backing of a Fortune 500 company. Our parent company, W. R. Berkley Corporation, is one of the largest and best managed property/casualty insurers in the United States.
The company is an equal employment opportunity employer.
Responsibilities
Our team is growing and we have opportunities for two Underwriter Analysts to join our Berkley Accident and Health team! you wil be responsible for the set up of new and renewal prospects for the Captive Underwriters, as well as performing all other necessary functions required to underwrite the prospect and/or renewal. Youwill also be involved in the implementation of materials required for issuance and sold case processing.
We have a welcoming culture valuing our employees – we trademarked the phrase Everything Counts, Everyone Matters® to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important and every accomplishment makes a difference in our results. Come join us!
Key functions include but are not limited to:
- Review RFP’s and underwriting files to ensure the data is complete an accurate
- Input employer stop loss characteristics such as benefits, census, large claim information and aggregate claim assessment into our underwriting system
- Maintain quote qualifications and competitive rates
- Prepare and distribute renewal letter notifications
- Participate in Captive renewal calls and biweekly Underwriting meetings
- Maintain renewal spreadsheet for assigned Underwriter(s)
- Accurately document files, case preparation and issuance of applications
Qualifications
- High School Diploma (minimum); Associates/Bachelor's Degree
- Minimum of 2 years working in a stop loss environment; knowledge of Stop Loss market and associated terms
- Experience and knowledge of David Young Underwriting System or similar system
- Proven track record of developing, managing and underwriting a profitable block of business
- Strong mathematical background
- Ability to handle large volume of work efficiently and correctly with limited errors
- Excellent communication skills with internal and external customers
- Ability to be productive independently, yet work in a team environment
- Strong organizational, planning, and time management skills
- Creativity and problem-solving skills a plus
Additional Company Details
We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. 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.
