Berkley Aspire (a Berkley Company)
E&S Senior Renewal Underwriter
Berkley Aspire (a Berkley Company), Lansing, Michigan, United States
Overview
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E&S Senior Renewal Underwriter
role at
Berkley Aspire (a Berkley Company) Berkley Aspire is passionate about making excess and surplus lines business easy to transact. We differentiate ourselves by continually innovating to bring market-leading technology and services to our agents and their clients. From direct bill with installments, to not requiring renewal applications for 80% of our small business policies, we focus on making it easy, expeditious, and efficient for agents and consumers. Berkley Aspire writes from small, minimum premium policies to accounts over six figures across General Liability, Property, Inland Marine and Excess policies through Berkley appointed agencies in 49 states.
Responsibilities
Underwrite and maintain renewal portfolio in assigned book of business including all post issuance transactions (policy changes, cancels, reinstates, reinsurance, etc.).
Underwrite renewal business within authority to maintain profitability in accordance with rate and retention company standards.
Monitor renewal production, profitability, and maintain agency relationships.
Independently make decisions within granted letter of authority on renewal accounts; establish terms and pricing; negotiate terms with retail agents.
Review and underwrite fast track renewals within authority; provide guidance to associate underwriting team.
Make sound risk and pricing decisions to achieve profitable loss ratios.
Maintain underwriting quality score of 90% or greater; document underwriting file to support acceptability and pricing per guidelines.
Achieve designated customer service standards.
Provide detailed guidance to associate underwriting team to ensure policy delivery is consistent with quoted terms and conditions.
Review post-transaction requests for acceptability up to the authority granted.
Review inspections to ensure accounts align with underwriting information and take action as needed.
Utilize underwriting tools to determine acceptable risk characteristics, classifications, insurance-to-value, and rate calculations.
Review policy audits and escalate to leadership as needed.
Assist with training, mentoring, and coaching of less experienced team members on the underwriting floor.
Maintain proficiency in Commercial General Liability, Commercial Property and Commercial Excess Liability; assess exposure and advise on form attachment and verbiage on renewal accounts.
Take on special projects to advance underwriting knowledge across departments.
Consult with new business on territorial expertise regarding market conditions, trends and state-specific nuances affecting underwriting decisions for territory teams.
Communicate effectively with internal and external customers to uphold standards of excellence.
Qualifications
Bachelor’s degree.
Advanced professional insurance coursework is a benefit.
Minimum of 5 years of commercial lines experience; Excess and Surplus experience preferred.
Ability to exhibit informal leadership across the team.
Basic knowledge of Windows programs (Word, Excel, Outlook, etc.).
Experience in a paperless environment with online underwriting tools preferred (e.g., SAGE, Silver Plume, Reference Connect).
Additional Requirements We do not accept any unsolicited resumes from external recruiting firms.
Benefits
A comprehensive benefits package including health, dental, vision, life, disability, wellness programs, paid time off, and 401(k) with profit-sharing; stock purchase plan is available.
Incentives such as paid holidays, a floating holiday, and paid volunteer time.
Company-sponsored conferences, tuition assistance, and opportunities for internal promotions.
Access to Plum Benefits program with travel and entertainment discounts.
Sponsorship Details Sponsorship not Offered for this Role
Employment type Full-time
Seniority level Associate
Job function Finance and Sales
Industries Financial Services and Insurance
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Join to apply for the
E&S Senior Renewal Underwriter
role at
Berkley Aspire (a Berkley Company) Berkley Aspire is passionate about making excess and surplus lines business easy to transact. We differentiate ourselves by continually innovating to bring market-leading technology and services to our agents and their clients. From direct bill with installments, to not requiring renewal applications for 80% of our small business policies, we focus on making it easy, expeditious, and efficient for agents and consumers. Berkley Aspire writes from small, minimum premium policies to accounts over six figures across General Liability, Property, Inland Marine and Excess policies through Berkley appointed agencies in 49 states.
Responsibilities
Underwrite and maintain renewal portfolio in assigned book of business including all post issuance transactions (policy changes, cancels, reinstates, reinsurance, etc.).
Underwrite renewal business within authority to maintain profitability in accordance with rate and retention company standards.
Monitor renewal production, profitability, and maintain agency relationships.
Independently make decisions within granted letter of authority on renewal accounts; establish terms and pricing; negotiate terms with retail agents.
Review and underwrite fast track renewals within authority; provide guidance to associate underwriting team.
Make sound risk and pricing decisions to achieve profitable loss ratios.
Maintain underwriting quality score of 90% or greater; document underwriting file to support acceptability and pricing per guidelines.
Achieve designated customer service standards.
Provide detailed guidance to associate underwriting team to ensure policy delivery is consistent with quoted terms and conditions.
Review post-transaction requests for acceptability up to the authority granted.
Review inspections to ensure accounts align with underwriting information and take action as needed.
Utilize underwriting tools to determine acceptable risk characteristics, classifications, insurance-to-value, and rate calculations.
Review policy audits and escalate to leadership as needed.
Assist with training, mentoring, and coaching of less experienced team members on the underwriting floor.
Maintain proficiency in Commercial General Liability, Commercial Property and Commercial Excess Liability; assess exposure and advise on form attachment and verbiage on renewal accounts.
Take on special projects to advance underwriting knowledge across departments.
Consult with new business on territorial expertise regarding market conditions, trends and state-specific nuances affecting underwriting decisions for territory teams.
Communicate effectively with internal and external customers to uphold standards of excellence.
Qualifications
Bachelor’s degree.
Advanced professional insurance coursework is a benefit.
Minimum of 5 years of commercial lines experience; Excess and Surplus experience preferred.
Ability to exhibit informal leadership across the team.
Basic knowledge of Windows programs (Word, Excel, Outlook, etc.).
Experience in a paperless environment with online underwriting tools preferred (e.g., SAGE, Silver Plume, Reference Connect).
Additional Requirements We do not accept any unsolicited resumes from external recruiting firms.
Benefits
A comprehensive benefits package including health, dental, vision, life, disability, wellness programs, paid time off, and 401(k) with profit-sharing; stock purchase plan is available.
Incentives such as paid holidays, a floating holiday, and paid volunteer time.
Company-sponsored conferences, tuition assistance, and opportunities for internal promotions.
Access to Plum Benefits program with travel and entertainment discounts.
Sponsorship Details Sponsorship not Offered for this Role
Employment type Full-time
Seniority level Associate
Job function Finance and Sales
Industries Financial Services and Insurance
#J-18808-Ljbffr