What are the responsibilities and job description for the Underwriting Admin position at Berkley?
Company Details :
Berkley Surety is a highly professional, service-oriented surety underwriting management company, providing a full spectrum of bonds for contract, environmental, and commercial surety accounts through multiple distribution channels in both the United States and Canada. We write on behalf of W. R. Berkley Corporation member company Berkley Insurance Company, which has an A.M. Best rating of A (Superior). We pride ourselves on building strong relationships with our agents. We highly value the insight and expertise our agency partners bring to the table which helps us provide timely and predictable surety solutions.
The Company is an equal employment opportunity employer.
Responsibilities :
The Underwriting Admin will develop a basic understanding of the surety business (contract and commercial) and applies this knowledge to provide technical, administrative, and underwriting support to assigned field offices. General functions include processing of new and existing business, system maintenance, agency inquiry support, document preparation, and overall bond portfolio management support.
Key functions include but are not limited to :
- Sets up and amends account submissions and bond related information within the BASIS system ensuring that all relevant information is accurate and compliant with company standards.
- Prepares bid and final bond (contract or commercial) requests within BASIS for review and approval by underwriters. Updates bid status information within BASIS when received by the field underwriter.
- Processes all final bonds ensuring that all data is input correctly; that premiums and commission are accurate with respect to the account and producing agent; and that all supporting documentation is placed within the virtual bond file within the BASIS system in accordance with Company guidelines.
- Works on the pre-renewal and renewal processes with field underwriters to ensure that all bond renewals are processed or otherwise handled (closed or canceled) in a timely manner.
- Maintains a diary system and other company reports relating to performance bonds. Sends out Bond Status Inquires, in accordance with Company standards or at the direction of field underwriters.
- Develops a working knowledge of BSG Rating Manuals and can accurately use applicable rating worksheets to support accurate premium computation and proper coding of bond activity.
- Orders credit reports and Dun and Bradstreet reports to support field underwriters.
- May handle the review and distribution of incoming mail.
- May handle billing related inquiries from agents and brokers.
- Performs other duties as assigned.
Qualifications :
Additional Company Details :
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.
We do not accept unsolicited resumes from third party recruiting agencies or firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees.
Sponsorship Details :
Sponsorship not Offered for this Role
