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W.R. Berkley

Commercial insurance underwriting, reinsurance, and investments

Underwriting Assistant

UnderwritingConfirmed live in the last 24 hours
Full-timeMinneapolis, MN, USA$45k - $60kIn-person

About the Job

Requirements

  • Above-average mathematical skills.
  • Knowledge of and experience with ISO Commercial Multi-line rating.
  • Insurance company experience.
  • Strong personal computer and keyboarding skills.
  • High school education or equivalent relevant experience.

Responsibilities

  • Assist the underwriting department by handling limited-exposure accounts and completing underwriting functions according to underwriting guidelines and the Letter of Authority.
  • Rate and issue assigned accounts and provide functional support to underwriters.
  • Handle new and renewal accounts as assigned by underwriters or a manager.
  • Review new submission materials, assess risk, and determine appropriate terms.
  • Process assigned automatic and non-automatic renewals within delegated authority.
  • Follow specific instructions from the underwriter.
  • Review agent applications and obtain missing information.
  • Refer matters outside assistant underwriter authority to an underwriter or underwriting manager.
  • Prepare proposals for agents and follow up on quotations to verify account status.
  • Order inspections as needed according to underwriting guidelines or instructions.
  • Maintain records and prepare required reports.
  • Meet or communicate with agents and marketing personnel.
  • Maintain contact with, and act as liaison among, independent agents, the insurance company, claims adjusters, and other concerned parties when administering accounts.
  • Maintain and update files for underwriting reviews.
  • Rate and process assigned business, including manual, computer, and experience rating.
  • Set up policy orders and instructions for issuance by the Operations team.
  • Handle endorsement requests within delegated authority.
  • Perform other account-related duties as assigned by underwriters.
  • Order loss control.
  • Order or review motor vehicle records, GuideStar information, BUR, or other outside materials as instructed.
  • Complete valuation estimates as requested or directed.
  • Handle routine inquiries from agents.
  • Perform other functions as assigned.

About the Company

W.R. Berkley

Commercial insurance underwriting, reinsurance, and investments

W. R. Berkley Corporation underwrites commercial property and casualty insurance and provides reinsurance globally. It operates two segments: Insurance, with 53 units worldwide and lines such as excess and surplus, commercial auto, and workers’ compensation; and Reinsurance & Monoline Excess, offering reinsurance and excess coverage to other insurers and self-insured entities. It earns money from premiums and from its investment portfolio. The company differentiates itself with a broad multinational underwriting platform and a dual focus on underwriting profitability and investment management, serving clients from small businesses to large corporations across many industries. Its goal is to deliver risk transfer and financial protection to customers while generating steady underwriting results and investment returns for shareholders.

Company size
Not listed
Company stage
IPO
Headquarters
Greenwich, CT
Founded
1967

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