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Berkley

Renewal Underwriter / Construction

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What they do

An Insurance Underwriter evaluates and measures risk and advises businesses in insurance, banking and securities. Recommends customers to be approved for insurance coverage, and develops policies and premium levels. Reviews loan applications, evaluates credit-worthiness of loan applicants and analyzes the investment risk of a loan for the bank. Evaluates risk in different types of securities and advises clients on investments that will yield highest profits.

$74,212 / year median in Georgia

-6% projected decline

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Job Description

Company Details Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following market segments: Construction, Specialty Casualty, & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve. Responsibilities The Renewal Underwriter plays a critical role in retaining profitable business and achieving adequate rate across assigned accounts. As part of a collaborative "one team" approach, this role supports the Broker Specialists in maintaining strong broker relationships while focusing on desk underwriting. The Renewal Underwriter is responsible for evaluating renewal submissions, negotiating terms, and ensuring underwriting integrity and profitability. Manage the renewal process for assigned accounts, ensuring timely and accurate underwriting decisions. Analyze account performance and market conditions to determine appropriate pricing and terms. Collaborate closely with Broker Specialists to support broker relationships and ensure a unified team approach. Maintain underwriting discipline while balancing retention and profitability goals. Communicate effectively with brokers regarding renewal terms, changes, and underwriting rationale. Monitor rate adequacy and contribute to portfolio management strategies. Provide input on underwriting guidelines and product enhancements based on renewal trends. Maintain accurate records and documentation in underwriting systems. Some travel for key in-person meetings, client meetings and industry events. Regular and predictable attendance Other duties as assigned Qualifications 1-2 years experience in E/S insurance Strong analytical and problem-solving skills. Effective communication and negotiation skills Ability to work independently and as part of a collaborative team Proficiency in underwriting systems and Microsoft Office Suite Additional Requirements Other duties as assigned Regular and predictable attendance Sponsorship Details Sponsorship not Offered for this Role