Entry Level Underwriter

Berkshire Hathaway Homestate Companies - Property & Casualty; Omaha (NE); On-site; USD 42,000 - 56,000; Full time

Benefits offered by this job

Retirement plan with 5% company match

Education reimbursement program

Health insurance

Dental insurance

Vision insurance

Life & disability plans

Job summary

Berkshire Hathaway Homestate Companies - Property & Casualty is seeking an entry-level underwriter. No prior insurance experience is required, as on-the-job training will prepare you to review submissions, quote policies, and support agents.

Responsibilities include underwriting activities, quoting, and quality control, with opportunities to learn and grow in a collaborative, supportive environment. The company supports employee wellness and professional development, with a strong benefits

Qualifications

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

Responsibilities

• Review submissions, endorsements, and renewal policies for acceptability prior to quoting.
• Prepare and deliver quotes to agents within authority or with referral approval.
• Follow up with agents to obtain missing information.
• Explain coverage terms to agents/brokers and guide through binding process.
• Perform quality control on system-bound policies, endorsements, and renewals.
• Utilize third-party data/tools to improve underwriting decisions.

Skills

Basic math

Customer service

Problem solving

Multi-tasking

Decision making

Education

Bachelor's degree or equivalent

Job description

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.

Looking for an excellent benefits package?

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

Health conscious?

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.

Want to get involved?

Our Emerging Professionals Group offers opportunities for volunteerism, social gatherings and professional development on a quarterly basis.

Worried about parking downtown?

Don’t be. The Company subsidizes the majority of the cost. The most you’ll pay is $5 a month.

Qualifications

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