Berkshire Hathaway Homestate Companies is a national insurance group with over 50 years of experience, dedicated to building strong relationships and maintaining financial integrity. The Underwriter 1 (Trainee) role involves learning underwriting concepts, evaluating new and renewal business, and developing agency relationships while providing excellent customer service.
Responsibilities
- Successfully completes the Underwriting training curriculum, introducing workers compensation law, rating and pricing regulations, negotiation techniques, and service standards
- Reviews applications for insurance coverage proficiently, 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 using industry standards and proprietary software and databases
- Ensures profitability and new business goals are met
- Makes prompt, sound decisions on issues that arise in submissions based on the best information available
- Properly escalates issues timely to Supervisor
- Coordinates with Underwriting Support Specialists to bind agreed upon policies
- Prepares Loss Control requests for appropriate accounts
- Communicates effectively with external clientele and internal resource partners telephonically, via electronic correspondence and if appropriate, in the field
- Contributes to productive agency relationships and client retention
- Ensures deadlines are met and prompt response is provided
- Accompanies other Underwriters and Marketing Managers to agency visits aimed at learning and promoting improved agency relationships
- Performs special assignments and projects as assigned
Skills
- Bachelor's degree from an accredited college or university 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 apply common sense understanding to carry out instructions furnished in written, oral, or diagram form
- Able to deal with problems involving several concrete variables in standardized situations
- To perform this job successfully, the individual should be proficient on the Microsoft Office Suite and able to quickly master proprietary and vended software applications
Company Overview
Financial Strength and Integrity With more than 50 years in business, BHHC has grown from a regional organization to a national insurance group, offering insurance products from coast to coast. It was founded in 1970, and is headquartered in Omaha, Nebraska, USA, with a workforce of 501-1000 employees. Its website is https://www.bhhc.com.