Underwriting Trainee

Berkley

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profile Job Location:

Chicago, IL - USA

profile Monthly Salary: Not Disclosed
Posted on: 30+ days ago
Vacancies: 1 Vacancy

Job Summary

Company Details

Berkley One is a modern insurance provider for a modern generation of affluence. We serve clients who live dynamic adventurous lives and expect their insurance experience to match. Our mission is to deliver highly personalized risk and claims management through a blend of expert independent agents cutting-edge digital tools and the strength of the Berkley brand.

Why Join Us
At Berkley One youll be part of a forward-thinking team thats reimagining personal insurance. Were building solutions that are as sophisticated and agile as the clients we serveindividuals and families who value innovation simplicity and exceptional service. Youll collaborate with passionate professionals leverage modern technology and help shape the future of our industry.

What We Value

  • A client-first mindset with a passion for delivering exceptional experiences
  • Curiosity creativity and a drive to challenge the status quo
  • Collaboration across disciplines to build smarter more intuitive solutions
  • Integrity expertise and a commitment to excellence

Join us in creating a new standard in personal insurancewhere protection meets possibility.

We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.

#LI-AV1 #LI-HYBRID

The company is an equal opportunity employer.

Responsibilities

As a Berkley One Underwriting Trainee youll participate in a structured training program combining formal instruction and hands-on experience. This program builds foundational knowledge in high-net-worth personal lines including product language underwriting principles risk assessment customer relationship management and sales proficiency. Youll gain:

Industry Knowledge

  • Gain a broad understanding of the insurance industry market dynamics and company objectives.
  • Develop insight into company operations strategies financials and competitive positioning.

Product & Service Expertise

  • Learn and apply knowledge of policy forms and coverage to assess exposures.
  • Compare company offerings with competitors to identify and communicate differentiators.
  • Effectively present company services tailored to client needs.

Book Management & Pricing

  • Understand basic pricing growth and profitability goals in underwriting decisions.
  • Analyze risk data to determine account eligibility while considering client needs.
  • Make informed decisions on pricing terms and conditions within authority limits.
  • Align underwriting decisions with business line and customer segmentation strategies.
  • Refer accounts beyond authority and consistently meet service standards.

Sales & Customer Relationship Management

  • Identify client needs and align product offerings accordingly.
  • Negotiate coverage pricing and terms.
  • Build and maintain strong relationships with current and prospective clients.

Qualifications

  • Bachelors degree or equivalent experience.
  • Preference for insurance risk management and actuary majors.
  • Exposure to P&C insurance through an internship or first job preferred.
  • Strong verbal and written communication skills with a positive professional demeanor.
  • Detail-oriented proactive and able to thrive in a fast-paced team environment.
  • Excellent interpersonal skills and ability to collaborate across all organizational levels and with customers.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
Base Salary
Eligible to participate in annual discretionary bonus.
Benefits: 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 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.

Sponsorship Details

Sponsorship not Offered for this Role

Required Experience:

Intern

Company DetailsBerkley One is a modern insurance provider for a modern generation of affluence. We serve clients who live dynamic adventurous lives and expect their insurance experience to match. Our mission is to deliver highly personalized risk and claims management through a blend of expert indep...
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Key Skills

  • C#
  • Apache Web Server
  • Credit
  • Food & Beverage
  • Biology

About Company

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Berkley is a leader in commercial lines insurance, with over 60+ specialized businesses - each with deep expertise in an industry, product, or regional niche.

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