Underwriter Trainee – Casualty and Professional Lines

Berkley•Clearwater, FL

About The Position

This is an entry level position within insurance underwriting. The Underwriter Trainee will be focused on learning the underwriting practices and the application of building and growing the Edge business. In this role, trainees will participate in formal or on-the-job training, developing a working knowledge of product language, underwriting practices, policies and guidelines. This position has a defined career path and is a great first step in the insurance industry. Key functions will include but are not limited to: Industry/Practice/Knowledge Links line of business policies and practices to company strategies Identifies and acts on opportunities to share knowledge with clients and customers Networks with peers and outside resources to exchange ideas and information Product Skills Compares company coverages to competitors and differentiates our company from others Identifies new product opportunities Explains company service capability and applies to specific client needs, including coordination of standard service delivery to customers Book Management/Pricing Skills Applies standard pricing to exposures Applies individual loss and expense factors, when applicable Utilizes internal information systems to measure results Analyzes and evaluates impact of producer performance on assigned book Applies key expense components, influencing controllable elements according to plans and strategies Identifies and evaluates influence of competitor strategies in local territory or line of business and its effects on the company’s business Consulting Provides appropriate input for written premium and expense budget planning Offers creative solutions that contribute to the achievement of business results Risk Selection Applies underwriting strategies and standards to pre-qualify risk acceptability Identifies and assesses exposures for each risk Performs detail analysis utilizing appropriate information (exposure/rate/financial & loss) to determine account acceptability, taking customer needs into consideration Assesses rate adequacy relative to exposure Client Management Identifies clients' needs and recommends solutions H Handles or refers as appropriate cross selling opportunities Negotiates standard coverage issues, closes sale, and gauges customer satisfaction Identifies and accesses basic underwriting/service resources and associated cost benefit Demonstrates knowledge of competitors products, strategies, strengths, weaknesses, position within agencies/in marketplace, financial picture Develops and pursues prospective clients Follows-up on prospective and incumbent clients' needs

Requirements

Bachelor’s degree in business, Risk Management, Insurance, or a related field (or equivalent experience)
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 literate including use of Word, Excel and various project management tools
Flexible and open to change and enhancements to help evolving in a competitive market
Adaptive to adjusting priorities and/or work on multiple tasks
Strong sense of ownership and accountability as a result of being highly motivated

Nice To Haves

Prior experience in insurance a plus.

Responsibilities

Links line of business policies and practices to company strategies
Identifies and acts on opportunities to share knowledge with clients and customers
Networks with peers and outside resources to exchange ideas and information
Compares company coverages to competitors and differentiates our company from others
Identifies new product opportunities
Explains company service capability and applies to specific client needs, including coordination of standard service delivery to customers
Applies standard pricing to exposures
Applies individual loss and expense factors, when applicable
Utilizes internal information systems to measure results
Analyzes and evaluates impact of producer performance on assigned book
Applies key expense components, influencing controllable elements according to plans and strategies
Identifies and evaluates influence of competitor strategies in local territory or line of business and its effects on the company’s business
Provides appropriate input for written premium and expense budget planning
Offers creative solutions that contribute to the achievement of business results
Applies underwriting strategies and standards to pre-qualify risk acceptability
Identifies and assesses exposures for each risk
Performs detail analysis utilizing appropriate information (exposure/rate/financial & loss) to determine account acceptability, taking customer needs into consideration
Assesses rate adequacy relative to exposure
Identifies clients' needs and recommends solutions
Handles or refers as appropriate cross selling opportunities
Negotiates standard coverage issues, closes sale, and gauges customer satisfaction
Identifies and accesses basic underwriting/service resources and associated cost benefit
Demonstrates knowledge of competitors products, strategies, strengths, weaknesses, position within agencies/in marketplace, financial picture
Develops and pursues prospective clients
Follows-up on prospective and incumbent clients' needs