Full-Time
Financial Operations Specialist
Updated on 8/21/2026
W.R. Berkley
Commercial insurance underwriting, reinsurance, and investments
Compensation Overview
$55k - $60k/yr
No H1B Sponsorship
Moorestown, NJ, USA
Hybrid
Hybrid schedule indicated.
Bachelor's
 Finance & Banking (2) |
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- A high school diploma or GED equivalent is required.
- Zero to two years of experience in financial operations within the insurance industry is required, preferably in excess and surplus property and casualty insurance.
- A strong customer service background in a fast-paced professional environment is required.
- Knowledge and basic proficiency with computer programs in a Windows environment, including Word, Excel, and email, are required.
- The ability to handle confidential information is required.
- Reconcile premium receivables to ensure timely collection and accurate application of payments.
- Participate in the in-house collection process, including direct outreach to insureds to resolve overdue accounts.
- Monitor aging reports and proactively resolve discrepancies with brokers, agents, and internal stakeholders.
- Investigate and resolve complex billing issues involving payments, cash application, reconciliations, and system-related issues through collaboration with cross-functional teams.
- Apply judgment when collecting while fostering strong customer relationships.
- Process and reconcile bank transactions, wire transfers, and Automated Clearing House payments.
- Perform monthly, quarterly, and annual reconciliations of accounts related to cash, receivables, and suspense accounts.
- Assist with journal entries and financial close processes to maintain accurate financial statements.
- Serve as a primary point of contact for internal departments and external partners regarding billing, payment, and reconciliation inquiries.
- Ensure adherence to internal controls, regulatory requirements, and company policies.
- Perform other duties as assigned.
- A bachelor's degree in Business Administration, Accounting, Finance, or a related field is preferred.
- Experience in excess and surplus property and casualty insurance is preferred.
W. R. Berkley provides commercial property and casualty insurance and reinsurance worldwide. It underwrites through two segments: Insurance with 53 operating units offering lines like excess and surplus, commercial auto, and workers’ compensation; and Reinsurance & Monoline Excess which writes reinsurance and excess policies for other insurers and self-insured entities. Revenue comes from premiums on insurance and reinsurance contracts and from investment income, supporting risk transfer and market capacity. The goal is to deliver steady underwriting results and financial returns for shareholders by serving a broad client base across many industries.
Company Size
N/A
Company Stage
IPO
Headquarters
Greenwich, Connecticut
Founded
1967
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Simplify's Take
What believers are saying
- Q2 2026 gross written premiums hit a record $4.1 billion, showing demand strength.
- Combined ratio improved to 90% in Q2 2026, beating estimates and protecting margins.
- Berkley Meridian integration runs through early 2027, creating a broader wholesale E&S platform.
What critics are saying
- Q2 2026 revenue missed estimates at $3.72 billion, signaling slower premium growth.
- Berkley sued Trisura on June 30, 2026 over additional-insured coverage and defense costs.
- William R. Berkley's 2026 death removes the founder whose culture anchored underwriting discipline.
What makes W.R. Berkley unique
- 53 operating units let Berkley price niche commercial risks faster than conglomerate insurers.
- Berkley Meridian and Berkley Re America show disciplined specialty and reinsurance specialization.
- AM Best upgraded WRB to 'a' in 2026 for underwriting strength and capital growth.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Wellness Program
Paid Time Off
401(k) Retirement Plan
Profit Sharing
Annual Bonus Potential
Company News
W. R. Berkley Corporation has formed Berkley Meridian, a new specialty insurance business combining Verus Specialty Insurance and Vela Insurance Services. Marlo M. Morrison will serve as president of the new entity. The business will unite underwriting capabilities and expertise across construction, professional liability, garage, casualty, and other specialty lines, focusing on the excess and surplus wholesale broker market. Integration has begun and is expected to continue into early 2027. Morrison joined Verus Specialty Insurance as president in 2019, bringing nearly 30 years of property and casualty insurance experience. W. Robert Berkley, Jr., chairman and chief executive officer of W. R. Berkley Corporation, said the combination will allow the company to leverage expertise and provide a broader suite of solutions. Founded in 1967, W. R. Berkley Corporation is among the largest commercial lines writers in the United States.
Robert R. Coyne, Jr. to succeed Daniel R. Westcott as President of Berkley Re America. 28th July 2026 - Author: Saumya Jain - Insurance holding company W. R. Berkley Corporation has appointed Daniel R. Westcott as Executive Vice President (EVP), as Robert R. Coyne Jr. succeeds him as President of Berkley Re America, while Robert C. Hewitt has been named Chairman of Berkley Re. All appointments are effective immediately. Berkley Re is a global reinsurer comprising Berkley Re America, Berkley Re UK, Berkley Re Solutions, Berkley Re Australia, and Berkley Re Asia. Westcott joined Berkley Re America as president in 2019, and has nearly three decades of experience in the property casualty reinsurance market. Coyne joined Berkley in 2006 and became Senior Vice President of Berkley Re America in 2010. He also has over three decades of experience in the property casualty reinsurance business. Hewitt joined Berkley in 2002 as Senior Vice President for risk management and was named EVP of the firm in 2016. W. Robert Berkley, Jr., Chairman, Chief Executive Officer, and President of W. R. Berkley Corporation, commented on the appointments, "Rob, Dan, and Rob have all provided outstanding leadership within Berkley for many years. Dan's skills and broad experience in the reinsurance market, as well as his extensive knowledge of its organisation, will serve Reinsurance Group well as he takes on oversight of its assumed reinsurance businesses. "With deep expertise in developing reinsurance solutions for customers, Rob Coyne is very well-positioned to lead Berkley Re America forward to build upon its success. Rob Hewitt has made extraordinary contributions to Berkley during his tenure, and we are deeply appreciative of his leadership, judgment, and unwavering commitment to the Company." He continued, "He has been a trusted colleague and valued leader, and we are especially pleased, both personally and professionally, that we will continue to benefit from his extensive experience and expertise." Last week, for its second quarter 2026 results, W. R. Berkley reported a new record for gross written premiums (GWP) of $4.1 billion.
W. R. Berkley Corporation has appointed Christopher L. Moede as president of Berkley Risk, effective immediately. He succeeds John Goodwin, who has been named chairman of the business. Moede brings over 20 years of leadership experience in the commercial insurance market. Most recently, he led a global underwriting segment at a major multinational insurer. Goodwin joined Berkley Risk in 2012, serving as executive vice president before becoming president in 2014. W. Robert Berkley, Jr., chief executive officer of W. R. Berkley Corporation, welcomed Moede's leadership skills and experience in developing risk solutions. He thanked Goodwin for his exceptional service and contributions. Berkley Risk provides at-risk and alternative risk insurance programme management services for public entity pools, professional associations, and self-insured clients.
W. R. Berkley, a property casualty insurer, missed revenue expectations in Q2 CY2026, with sales rising just 1.2% year-on-year to $3.72 billion, falling short of the $3.77 billion analyst estimate. The company's net premiums earned reached $3.19 billion, roughly in line with expectations. However, W. R. Berkley exceeded profit forecasts, reporting non-GAAP earnings of $1.27 per share, beating analyst consensus by 17.3%. The combined ratio of 90% also outperformed estimates of 91.4%. Founded in 1967, W. R. Berkley operates through over 50 specialised insurance units globally. The company has demonstrated strong long-term performance, with 11.1% annualised revenue growth over the past five years, though recent growth has moderated to 7.8% over the last two years.
W. R. Berkley Corporation has appointed Paul J. Stock as president of Carolina Casualty, effective immediately. Stock brings over 20 years of property and casualty insurance experience, particularly in the transportation sector spanning claims, underwriting, risk management and telematics. He joined Carolina Casualty in early 2025 as divisional president, where he led transformation efforts across claims and risk management departments. W. Robert Berkley, Jr., chairman and chief executive officer of W. R. Berkley Corporation, praised Stock's extensive leadership experience and expertise. Carolina Casualty provides primary commercial insurance products and services to the transportation industry nationwide. W. R. Berkley Corporation, founded in 1967, is amongst the largest commercial lines writers in the United States.