Product Line Associate – Workers Compensation
Berkley Posted on 2022-11-18
| Salary | Not mentioned |
|---|---|
| Location | Naperville, IL 60563 |
| Type | Full-time |
Job Description
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, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $10 billion.
Today the Berkley brand comprises more than 50 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by our Executive Chairman, founder and largest shareholder, William. R. Berkley and our President and Chief Executive Officer, W. Robert Berkley, Jr., W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.
Responsibilities:
- Monitor and analyze circulars for NCCI and independent bureaus in order to identify product changes.
- Propose testing requirements for product changes with AVP, Product Line Manager or WC Director.
- Prepare and submit change requests and business requirement documentation to Berkley Technology to update the policy administration system for product changes. Work with the development team to resolve any system defects.
- Conduct testing for product changes and validate the policy administration system produces the correct and expected results.
- Prepare and run queries to identify policies impacted by production releases or to support Corporate Compliance; work with others, including Berkley businesses, Berkley Technology and/or Corporate Compliance to initiate appropriate actions.
- Provide a high level of customer support to the Berkley businesses, including creating technical documentation for product changes, access to NCCI and independent bureaus, allocation of expenses for shared products and payment of bureau or workers compensation administrator department fines.
- Assist the AVP, Product Line Manager with managing fifty-one jurisdictional relationships with various boards and bureaus, including NCCI, independent rating bureaus and other administrators of workers compensation.
- Prepare and distribute monthly reports to various constituents.
- Conduct research to identify and compare competitor product filings to support underwriting and product development personnel within the Berkley businesses.
- Review quality assurance metrics, identify areas for process improvement, recommend solutions and work with others, if needed to implement changes.
- Ensure adequate controls are in place to identify and track responsibilities for product changes throughout the product development lifecycle.
- Manage assigned projects, including the planning, communication and coordination with other areas to ensure completion on time and quality results.
- Other duties as assigned.
Qualifications:
- A minimum of 4 years of experience in underwriting, product development, compliance or other P&C related experience, preferably with workers compensation product experience.
- Strong analytical, critical thinking, problem-solving and attention to detail skills.
- Strong mathematical skills.
- Strong organization and prioritization skills.
- Strong listening, verbal and written communication skills.
- Strong collaboration and interpersonal skills.
- Ability to work autonomously with minimal oversight and as a member of a team.
- Ability to manage multiple demands and change in priorities.
- Prior experience working with insurance systems and applications.
- Proficiency with Microsoft Office, particularly Word and Excel.
Education Requirement
- Bachelor’s Degree or equivalent experience.
Additional Company Details: We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. Additional Requirements: *Must have received COVID-19 vaccination defined as receiving either (1) two doses of a two-dose vaccine, or (2) a single-dose vaccine, either authorized for emergency use or approved by the U.S. Food and Drug Administration, unless prohibited by law, or requesting an accommodation.
Company description:
W. R. Berkley Corporation (W. R. Berkley) is an insurance holding company. The Company operates in five segments of the property casualty insurance business: Specialty, Regional, Alternative markets, Reinsurance and International. Its specialty insurance and reinsurance operations are conducted throughout the United States, and, on a limited basis, outside the United States. Regional insurance operations are conducted primarily in the Midwest, Northeast, Southern (excluding Florida and Louisiana), Mid Atlantic, and North Pacific regions of the United States. Alternative markets operations are conducted throughout the United States. Its international operations are conducted primarily in the United Kingdom, Continental Europe, South America, Australia, Southeast Asia and Canada.
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