Experienced Underwriter - Workers Compensation

Berkshire Hathaway Homestate Companies • San Diego, CA

98d • $70,304 - $105,270

About The Position

Berkshire Hathaway Homestate Companies, Workers Compensation Division, has an immediate opening for an Underwriter in our San Diego, CA office. This professional is responsible for evaluating new and renewal business in accordance with established guidelines in order to achieve departmental goals for profitability and growth, while developing productive agency relationships. Demonstrates sound knowledge of applicable statutory regulations, industry best practices, and appropriate application of deductible programs and loss sensitive plans. This is a hybrid opportunity, requiring initial onsite training and, upon successful completion of same, a minimum requirement of three days per work week in our San Diego, CA office.

Requirements

• Bachelor’s degree from an accredited college or university is required, preferably in Risk Management, Economics, Finance, or Business.
• Minimum of three years of underwriting experience at a workers’ compensation carrier is required.
• Able to read, analyze, and interpret general business periodicals, professional journals, technical procedures and governmental regulations.
• Able to write detailed reports, business correspondence and procedure manuals.
• Able to effectively present information to management and public groups.
• Able to work with mathematical concepts such as probability and statistical inference.
• Able to apply concepts such as addition, subtraction, multiplication, division, fractions, percentages, ratios, and proportions to practical situations.
• Able to define problems, collect data, establish facts and draw valid conclusions.
• Able to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
• Knowledge of workers’ compensation underwriting regulations and strategic principles.
• Proficient on the Microsoft Office Suite and able to quickly master proprietary and vended software applications.

Nice To Haves

• Chartered Property Casualty Underwriter (CPCU) designation a plus.

Responsibilities

• Appropriately discerns applications for coverage, ensuring applicable information is accurate and complete for pricing determination.
• Works with the Underwriting Support Specialist team to gather appropriate information needed and reaches out to agency partners to request any additional information required.
• Analyzes current and prospective policyholders to determine appropriate quotation, indication or declination of policy.
• Communicates pricing within a predetermined authority level to brokers and producers per industry and corporate standards utilizing proprietary software and databases.
• Analyzes production and actuarial reports; Coordinates with Loss Control and Claims to address any accounts performing adversely.
• Effectively negotiates premium costs and net rates; Ensures profitability and new business goals are met.
• Makes prompt, sound decisions on issues that arise in submissions based on the best information available.
• Coordinates with Underwriting Support Specialists to bind agreed upon policies.
• Ensures submissions result in timely policy production.
• Prepares Loss Control requests for appropriate accounts.
• Proactively communicates with external clientele and internal resource partners, fostering productive agency relationships and client retention.
• Ensures deadlines are met and prompt response to inquiries is provided.
• Accompanies Marketing Managers to agency visits as needed to promote improved agency relationships.
• Participates in policyholder and broker sales calls.
• Performs special assignments and projects as assigned.

Benefits

• Unparalleled financial strength and stability
• Fantastic growth and advancement opportunities
• WFH Hybrid schedule
• Free gym in building
• Generous Paid Time Off and Holidays
• Excellent Benefits (Medical, Dental, Vision, 401k, etc)
• Health and Wellness Reimbursement
• Tuition Assistance Reimbursement
• Discounts across companies such as GEICO, See’s Candies, etc.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees