Entry Level Underwriter

Berkshire Hathaway Homestate Insurance • Omaha, NE

24d • Hybrid

About The Position

Want to work for a Berkshire Hathaway company? Here’s your opportunity! We are a commercial property & casualty insurance company looking to fill entry-level underwriting positions. We consider a variety of backgrounds and do not require insurance experience. Our on-the-job training provides the right candidate the opportunity to be successful in this position. What is underwriting? Insurance underwriters use analytical skills to review information from an applicant to evaluate the degree of risk involved in a business or operation to determine if the applicant should be approved for a policy. The underwriter then uses our technology and data to determine the coverages to provide and the premium to be charged for the risk. Our underwriting professionals utilize strong communication and customer service skills by asking questions and making decisions over the phone and via e-mail with our agents. What will you do? UNDERWRITING ACTIVITIES: Reviews submissions, endorsement request and/or renewal policies from agents for acceptability prior to quoting. Follows up with agent or broker for additional information, as necessary. Determines proper classification of risks and uses company software to rate risks. Identifies proper coverage structure for risk including any policy endorsements and exclusions required, develops proposed rating, and applies schedule credits/debits within company guidelines. Makes underwriting decisions on routine insurance risks and refers risks outside underwriting authority to appropriate referral underwriting resource, as appropriate. QUOTING: Prepares and delivers quotes to agents within underwriting authority or with proper referral underwriting approval, as appropriate. Resolves outstanding concerns with agent, answers questions, and may negotiate changes, as appropriate. Explains commercial coverage to agents and/or brokers. Ensures the terms and conditions of the quotes are clearly outlined and guides agent through binding process. Manages pending workload to ensure agencies receive excellent service on quotes when needed. QUALITY CONTROL AND REVIEW: Performs quality control inspections of system bound policies, endorsements, and renewal policies. Reviews applications, agency correspondence, and other underwriting information received versus policy to reconcile any discrepancies or errors and to ensure accurate information is contained in policy. Reviews proper rating classification and coding of bound policies using combination of information available in application, loss control inspections, and telephone conversations with agents and brokers. Handles problems and takes appropriate action on unusual discrepancies. Initiates policy changes and takes underwriting actions as appropriate within underwriting authority including cancellation or non-renewal. THIRD PARTY DATA: Utilizes third party tools, data, and services to enable better underwriting decisions, improve accuracy of rating/exposure information, and produce better underwriting results. QUALITY ASSURANCE AND TESTING: Participates in the testing of rating, quoting, policy administration, and other software as required including the completion of assigned test cases within designated time frame. Identifies potential problems and notify testing coordinators.

Requirements

• Bachelor degree or equivalent
• Knowledge of basic math
• Ability to solve problems and make decisions
• Excellent customer service skills
• Ability to multi-task

Responsibilities

• Reviews submissions, endorsement request and/or renewal policies from agents for acceptability prior to quoting.
• Follows up with agent or broker for additional information, as necessary.
• Determines proper classification of risks and uses company software to rate risks.
• Identifies proper coverage structure for risk including any policy endorsements and exclusions required, develops proposed rating, and applies schedule credits/debits within company guidelines.
• Makes underwriting decisions on routine insurance risks and refers risks outside underwriting authority to appropriate referral underwriting resource, as appropriate.
• Prepares and delivers quotes to agents within underwriting authority or with proper referral underwriting approval, as appropriate.
• Resolves outstanding concerns with agent, answers questions, and may negotiate changes, as appropriate.
• Explains commercial coverage to agents and/or brokers.
• Ensures the terms and conditions of the quotes are clearly outlined and guides agent through binding process.
• Manages pending workload to ensure agencies receive excellent service on quotes when needed.
• Performs quality control inspections of system bound policies, endorsements, and renewal policies.
• Reviews applications, agency correspondence, and other underwriting information received versus policy to reconcile any discrepancies or errors and to ensure accurate information is contained in policy.
• Reviews proper rating classification and coding of bound policies using combination of information available in application, loss control inspections, and telephone conversations with agents and brokers.
• Handles problems and takes appropriate action on unusual discrepancies.
• Initiates policy changes and takes underwriting actions as appropriate within underwriting authority including cancellation or non-renewal.
• Utilizes third party tools, data, and services to enable better underwriting decisions, improve accuracy of rating/exposure information, and produce better underwriting results.
• Participates in the testing of rating, quoting, policy administration, and other software as required including the completion of assigned test cases within designated time frame.
• Identifies potential problems and notify testing coordinators.

Benefits

• We offer a retirement and savings plan with dollar for dollar 5% company match, a paid upfront education reimbursement program, and health, dental, vision, life, and disability plans.
• Career Progression, hybrid work schedule, casual dress
• Our wellness program is integrated into the Company culture with a brand new on-site fitness center and an online wellness portal that offers a year-round, one-stop-shop to manage and track all areas of health, plus more.
• Our Emerging Professionals Group offers opportunities for volunteerism, social gatherings and professional development on a quarterly basis.
• The Company subsidizes the majority of the cost. The most you’ll pay is $5 a month.
• A comprehensive benefits package is available for regular, full-time employees, including health, vision, dental, life and disability insurance as well as a 401(k) with company match.
• We also proudly offer 100% upfront tuition reimbursement to regular, full-time employees, to further your education.
• Our Omaha office boasts a complimentary state-of-the-art, on-site gym, a robust wellness program, low-cost downtown parking, and numerous volunteer and networking opportunities with other emerging professionals.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level