At a Glance
- Tasks: Manage underwriting in the Western US, focusing on growth and agency relationships.
- Company: Berkley Aspire is a unique insurer specialising in excess & surplus lines for commercial risks.
- Benefits: Enjoy remote work options, competitive pay, health benefits, and a supportive company culture.
- Why this job: Join a dynamic team with room for advancement and a focus on sustainable growth.
- Qualifications: 5+ years in commercial lines underwriting; E&S experience preferred.
- Other info: Opportunity to mentor others and participate in an annual bonus program.
The predicted salary is between 48000 - 72000 £ per year.
Berkley Aspire is an excess & surplus lines insurer of commercial risks unable to find a home in the standard markets. We are an operating unit of WR Berkley, a publicly traded global insurer founded in 1967. We make excess & surplus lines easy for our distribution partners and the businesses they represent. The lines of coverage we underwrite include general liability, property, and excess liability. Our model is different than our competitors; we do the premium billing without adding interest/finance percentage, offer enhanced commissions, and handle the stamping, affidavit filings, and other behind-the-scenes paperwork. Our company culture is entrepreneurial, employee-centric, and focused on sustainable growth. Aspire teammates work either remotely or on a hybrid schedule from offices in Scottsdale, Cincinnati, and Richmond. If you are looking for a company that offers room for advancement, great benefits, and positive vibes, then Aspire may be the place for you!
Responsibilities:
- Manage your assigned underwriting territory in the Western US to achieve profitable growth, including underwriting new business, renewals, endorsements, and other transactions.
- Identify new business opportunities and manage agency relationships.
- Develop relationships and educate agents within the agency plant to maximise opportunities and achieve profitable growth.
- Initiate outbound calls to agencies to identify sales opportunities and collect agent intelligence.
- Achieve new business premium, renewal premium retention, and rate change objectives.
- Evaluate new and renewal account information to determine risk acceptability, terms/conditions to be quoted, and pricing.
- Make sound risk and pricing decisions that achieve profitable loss ratios.
- Maintain underwriting quality score of 90% or greater.
- Document underwriting file to support acceptability and pricing in accordance with company guidelines.
- Achieve customer service standards, including established objectives for new business quote turnaround, renewal quotes, endorsement, cancellation, audits, and other transactions.
- Provide detailed issuance instructions to ensure policy is delivered consistent with quoted terms and conditions.
- Review mid-term endorsement requests for acceptability and provide instructions for processing.
- Evaluate premium audit referrals to determine class acceptability and/or appropriateness of current exposure base.
- Order and review inspections to confirm accounts written are consistent with preliminary underwriting information.
- Assist with training, mentoring, and coaching of less experienced team members.
- Determine if facultative reinsurance is needed and factor reinsurance cost in gross pricing.
- Utilise various underwriting tools to determine acceptable risk characteristics, accurate exposure classifications, and set adequate property limits.
- Support other underwriters as assigned when they are traveling or out on vacation/sick time.
Qualifications:
- Demonstrated success in commercial lines property casualty insurance businesses.
- 5+ years of commercial lines underwriting experience, E&S experience highly preferred.
- Past experience working with independent agents is preferred.
- Surplus lines underwriting experience is highly preferred.
- Basic knowledge of computer programs in a Windows environment, including Word, Excel, and E-mail is required.
- Prior experience working in a paperless environment, including familiarity with online underwriting tools is preferred.
- Ability to travel within your territory up to 50%.
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 includes health, dental, vision, life, disability, wellness, paid time off, 401(k), and profit-sharing plans. The actual salary for this position will be determined by various 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 will be eligible to participate in the annual discretionary bonus program.
E&S Business Development Underwriting Manager - West Region employer: W. R. Berkley Corporation
Contact Detail:
W. R. Berkley Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land E&S Business Development Underwriting Manager - West Region
✨Tip Number 1
Familiarise yourself with the specific underwriting tools mentioned in the job description, such as SAGE and Silver Plume. Having a solid understanding of these platforms will not only boost your confidence but also demonstrate your readiness to hit the ground running.
✨Tip Number 2
Network with professionals in the E&S insurance sector, especially those who have experience with independent agents. Engaging in conversations with industry insiders can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your past experiences in commercial lines underwriting during interviews. Highlight specific examples where you successfully managed agency relationships or identified new business opportunities, as this aligns closely with the responsibilities of the role.
✨Tip Number 4
Showcase your entrepreneurial spirit and adaptability, as these traits are valued in the company culture at Berkley Aspire. Be ready to share instances where you've taken initiative or adapted to changes in your work environment.
We think you need these skills to ace E&S Business Development Underwriting Manager - West Region
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial lines property casualty insurance, particularly any E&S experience. Use specific examples that demonstrate your success in underwriting and managing agency relationships.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the excess & surplus lines market. Mention your familiarity with underwriting tools and your ability to achieve profitable growth, as these are key aspects of the role.
Highlight Relevant Skills: In your application, emphasise skills such as risk assessment, pricing decisions, and customer service standards. Mention your experience with independent agents and any knowledge of paperless environments or online underwriting tools.
Show Enthusiasm for Company Culture: Express your interest in Berkley Aspire's entrepreneurial and employee-centric culture. Mention how you align with their values and how you can contribute to their sustainable growth while enjoying the positive work environment they offer.
How to prepare for a job interview at W. R. Berkley Corporation
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting principles, especially in the excess and surplus lines sector. Be prepared to discuss how you evaluate risk and make pricing decisions, as this will be crucial for the role.
✨Showcase Your Relationship Skills
Since managing agency relationships is key, think of examples where you've successfully built and maintained professional relationships. Highlight your communication skills and how you've educated agents in the past.
✨Demonstrate Your Analytical Skills
Be ready to discuss your experience with underwriting tools and how you've used data to make informed decisions. Prepare to explain how you assess risk characteristics and determine exposure classifications.
✨Emphasise Your Team Spirit
This role involves mentoring less experienced team members, so be prepared to talk about your leadership style. Share examples of how you've supported colleagues and contributed to a positive team environment.