Berkley Human Services (a Berkley Company) ยท 3 days ago
Production Underwriter
Chicago, IL
Full-time
Onsite
Mid Level
$74K/yr - $124K/yr
3+ years expBerkley Human Services, a Berkley Company, is dedicated to serving Human Services Organizations with tailored insurance solutions. The Production Underwriter will develop and maintain a profitable book of business, manage producer relationships, and ensure effective underwriting practices within an assigned territory.
Financial ServicesInsurance
No H1B
Hiring Manager
Cortney Bachman
Responsibilities
To develop, grow and maintain a profitable book of Human Services business within an assigned territory through marketing and underwriting processes; demonstrate functional technical knowledge of underwriting concepts, practices, procedures and techniques to include coverage issues, product lines, marketing, relevant systems and competition in the marketplace. Manages relationship with assigned producers to manage submission, quote and bind activity and deliver on service commitments established by the designated Service Level Agreement (SLA)
Risk Selection: evaluate/assess submitted applications for appetite acceptability; assess risk and determine premium, terms and conditions in accordance with Letter of Authority (LOA) for new and renewal business; generate quote proposals and deliver to producers; negotiate final terms leading to binding
Producer Relationships: develop and maintain relationships through regular visits and phone contact; review pipeline and prospect lists; develop leads; review Producer Score Card and provide ongoing feedback toward goal commitments
Complete underwriting checklists outlining underwriting thought process, loss analysis, pricing theory and risk characteristics
Maintain records and prepare required reports as necessary, including Salesforce, Clearance, BPMi and any other systems involved
Meet or communicate with marketing personnel as warranted, including sharing competitive information, requesting support/assistance with the relationships, and seeking assistance in marketing strategy
Maintain contact with and function as liaison between independent agents, claims adjusters, finance team members, actuarial team members, Risk Control team members and other concerned parties in administering accounts where necessary
Maintain and update files for underwriting reviews
Provide instructions for policy issuance
Handle endorsement requests to ensure timely processing
Assist and/or mentor other members of the department including underwriters, assistant underwriters, and Operations team members as warranted
May perform other functions as assigned
Qualification
Required
Minimum of 3 years of multi-line underwriting and marketing experience
Knowledge of insurance rating, structure, forms, and coverages
Ability to maintain confidential information
Strong interpersonal, presentation and negotiation skills to include the ability to affirmatively close sales
Exceptional verbal and written communication skills
Strong decision-making skills
Strong PC and keyboarding skills, including working with MS Excel, Word and PowerPoint
Valid driver's license and safe driving record required
Four-year college degree or equivalent experience
Benefits
Health
Dental
Vision
Dental
Life
Disability
Wellness
Paid time off
401(k)
Profit-sharing plans
Company
Berkley Human Services (a Berkley Company)
Berkley Human Services, a Berkley Company, is devoted to meeting the needs of Human Services Organizations.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Edward Ewing
Chief Claims Officer
Company data provided by crunchbase