Entry Level Underwriter
About The Position
BHHIC Berkshire Hathaway Homestate Insurance Company is hiring entry-level underwriters for its commercial property and casualty insurance business. Insurance experience is not required, and on-the-job training is provided. Underwriters review applicant and business information to assess risk, determine whether to approve coverage, and use company technology and data to determine coverage and premiums. The role involves communicating with agents and brokers by phone and email, providing customer service, and making underwriting decisions. The position also includes preparing quotes, reviewing and checking policies for accuracy, using third-party data and tools to support underwriting decisions, and participating in software testing. The company describes its environment as combining the stability and benefits of a large company with a friendly, small-company atmosphere. It offers career progression and a hybrid work schedule.
Requirements
- Bachelor's degree or equivalent.
- Knowledge of basic math.
- Ability to solve problems and make decisions.
- Excellent customer service skills.
- Ability to multitask.
Responsibilities
- Review submissions, endorsement requests, and renewal policies from agents for acceptability before quoting.
- Follow up with agents or brokers for additional information as needed.
- Classify and rate risks using company software; determine appropriate coverage structures, endorsements, exclusions, and proposed rates within company guidelines.
- Make decisions on routine risks and refer risks outside underwriting authority to the appropriate underwriting resource.
- Prepare and deliver quotes, resolve concerns, answer questions, and negotiate changes as appropriate.
- Explain commercial coverage to agents and brokers, clarify quote terms and conditions, guide agents through binding, and manage pending work to provide timely service.
- Perform quality-control inspections of bound policies, endorsements, and renewal policies.
- Compare applications, agency correspondence, and other underwriting information with policies to reconcile discrepancies and ensure policy information is accurate.
- Review rating classifications and coding using available application information, loss-control inspections, and conversations with agents and brokers.
- Address unusual discrepancies and take appropriate underwriting action within authority, including policy changes, cancellation, or non-renewal.
- Use third-party tools, data, and services to improve underwriting decisions and the accuracy of rating and exposure information.
- Test rating, quoting, policy administration, and other software; complete assigned test cases on time and report potential problems to testing coordinators.
Benefits
- Retirement and savings plan with a 100% employer match up to 5%.
- Medical, dental, and vision plans for regular, full-time employees and eligible dependents.
- Life and disability plans.
- 100% upfront educational reimbursement program.
- Dedicated learning and development program.
- Competitive time-off policies, including parental leave.
- Employee Assistance program.
- Wellness program and online wellness portal.
- Complimentary onsite fitness center at the Omaha office.
- Subsidized downtown parking, with a maximum employee cost of $5 per month.
- Employee Resource Groups and an Emerging Professionals Group offering volunteer, social, and professional development opportunities.
- Hybrid work schedule.
- Casual dress.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
