Job Description
Company Details Berkley Edge Berkley Edge offers solutions for hard-to-place and distressed risks for both professional and casualty lines of business. Edge focuses on small to mid-sized risks through a wholesale-only distribution model.
Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States. Along the way, W. R. Berkley Corporation has been listed on the New York Stock Exchange, seen revenue soar well past $10 billion, and become a well-respected Fortune 500 Company.
The Company is an equal employment opportunity employer.
Responsibilities The Underwriter Trainee (Edge trainee) role is an entry-level position within insurance underwriting focused on learning underwriting practices and applying them to build and grow the Edge business. Trainees participate in formal and on-the-job training to develop a working knowledge of product language, underwriting practices, policies, and guidelines while progressing along a defined career path in the insurance industry.
• Link line of business policies and practices to company strategies
• Identify and act on opportunities to share knowledge with clients and customers
• Network with peers and outside resources to exchange ideas and information
• Compare company coverages to competitors and differentiate the company from others
• Identify new product opportunities
• Explain company service capabilities and apply them to specific client needs, including coordinating standard service delivery to customers
• Apply standard pricing to exposures
• Apply individual loss and expense factors when applicable
• Utilize internal information systems to measure results
• Analyze and evaluate impact of producer performance on assigned book of business
• Apply key expense components and influence controllable elements according to plans and strategies
• Identify and evaluate the influence of competitor strategies in the local territory or line of business and their effects on the company's business
• Provide input for written premium and expense budget planning
• Offer creative solutions that contribute to the achievement of business results
• Apply underwriting strategies and standards to pre-qualify risk acceptability
• Identify and assess exposures for each risk
• Perform detailed analysis utilizing appropriate information (exposure, rate, financial, and loss) to determine account acceptability, considering customer needs
• Assess rate adequacy relative to exposure
• Identify clients' needs and recommend solutions
• Handle or appropriately refer cross-selling opportunities
• Negotiate standard coverage issues, close sales, and gauge customer satisfaction
• Identify and access basic underwriting and service resources and evaluate associated cost-benefit
• Demonstrate knowledge of competitors' products, strategies, strengths, weaknesses, position within agencies and the marketplace, and financial picture
• Develop and pursue prospective clients
• Follow up on prospective and incumbent clients' needs
Qualifications Qualifications: • Ability to manage multiple, complex assignments and competing priorities in a fast-paced environment
• Comfort working in an ambiguous and dynamic environment
• Prior experience in insurance a plus
• Strong analytical, organizational, and communication skills
• Proficiency in Microsoft Office Suite (Excel, Word, Outlook)
• Eagerness to learn and grow within the insurance industry
• Ability to work both independently and collaboratively in a fast-paced environment
• Computer literacy including use of Word, Excel, and various project management tools
• Flexibility and openness to change and enhancements to stay competitive in the market
• Adaptability in adjusting priorities and working on multiple tasks
• Strong sense of ownership and accountability, with high motivation
Education Requirement • Bachelor's degree in business, Risk Management, Insurance, or a related field (or equivalent experience)
Additional Company Details We do not accept unsolicited resumes from third party recruiting agencies or firms.
Additional Requirements Location and Travel:
• Saint Petersburg, FL.
Sponsorship Details Sponsorship not Offered for this Role
Job Tags
Traineeship, Work at office, Local area