What are the responsibilities and job description for the Underwriting Analyst position at Berkley?
Company Details
Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following four market segments.: Construction, Specialty Casualty, Velocity Smal Business & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.
The Company is an equal employment opportunity employer. https://www.vela-ins.com/Responsibilities
The person in this position participates in underwriting accounts by gathering, synthesizing and clearly presenting all specific account information to underwriting to decide on the risk. Role overview:
- Gather underwriting information to properly evaluate commercial risks for acceptability within company guidelines. Underwrite for profit.
- Research and solve more complicated problems and make decisions with supervision of underwriter or manager.
- Review and summarize claims and loss information on individual risks and take the appropriate action.
- Determine coverage and pricing options for routine commercial risks for underwriters.
- Determine if a risk fits within the guidelines.
- Identify unfavorable risk characteristics and take the appropriate underwriting action as directed.
- Maintain quality and time standards as established.
- Stay informed and knowledgeable about current industry issues and activities.
- Draft quotes for underwriters based on individual risk characteristics.
- Issue quotes, declinations and other communications to brokers.
- Regular and predictable attendance.
- Perform other duties as assigned.
Qualifications
- Four (4) year College degree preferred.
- Excellent math, analytical and problem-solving skills.
- Excellent communication skills, written and verbal.
- Proficient with Microsoft Word, Excel and Outlook.
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 which for this role includes: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. The salary range for this position is $60,000 - $65,000 per year. 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.Salary : $60,000 - $65,000
