Associate Underwriter
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Job Location:
West Hartford, CT - USA
Monthly Salary:
Not Disclosed
Posted on:
13 hours ago
Vacancies:
1 Vacancy
Job Summary
Company Details
As a member company of W. R. Berkley Corporation Berkley Healthcare has assembled a unique team of multi-disciplinary insurance professionals to take a fresh look at healthcare organization insurance. We pride ourselves on our deep expertise in underwriting claims and distribution in the healthcare industry insurance market. We understand that the healthcare industry is in a state of rapid evolution; shaped by emerging concepts in technology law public welfare and social economics all with attendant enterprise risk unique to healthcare organizations. We apply cutting-edge insurance concepts to traditional healthcare insurance products. Concepts that embrace the current complexity of the healthcare industry. Concepts that give ultimate flexibility in managing enterprise risk.
The company is an equal opportunity employer.
Responsibilities
The Associate Underwriter is responsible for submission generation underwriting and policy issuance of Directors and Officers Liability Employment Practices Liability Fiduciary Liability Fidelity/Crime for large and complex private commercial and not-for-profit healthcare organizations. The underwriting position will be part of the Berkley Healthcare Financial Lines division of Berkley Healthcare. While our main offices are in West Hartford CT Chicago and Los Angeles we will consider candidates nationwide. The Associate Underwriter will be responsible for handling new and renewal primary and excess business throughout the placement process from underwriting submission receipt to policy issuance.
Key functions include but are not limited to the following:
Determine risk acceptability in accordance with underwriting risk appetite and guidelines
Prepare thorough underwriting analyses with detailed exposure analysis and independent underwriter assessment
Make pricing coverage terms and conditions determinations and recommendations within defined limits/authority and underwriting guidelines and authority parameters
Develop grow and maintain a profitable diversified book of business aligned with company goals
Ensure production and loss ratio goals are achieved for assigned book by reviewing analyzing and evaluating information and taking appropriate action as necessary
Develop positive agency relationships within assigned territory while maintaining a good rapport through responsive levels of service
Coordinate marketing activities including travel in coordination with Distribution and Marketing Manager
Foster growth of less experienced staff in a positive and growth-oriented environment
Actively self-educate as to line of business industry and insurance trends including exposures claims legal legislative healthcare current events self-improvement and innovation
Qualifications
- Bachelors degree from an accredited university or college
- 1-2 years of current financial lines underwriting experience healthcare-specific experience preferred
- Healthcare financial lines underwriting experience highly preferred
The Company is an equal employment opportunity employer
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
Base Salary Range: $44000-$68000
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.
Required Experience:
IC
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
About Company
Berkley is a leader in commercial lines insurance, with over 60+ specialized businesses - each with deep expertise in an industry, product, or regional niche.
