Entry Level Underwriter

About the Role

National Indemnity Company, a member of the Berkshire Hathaway group, is seeking individuals for entry-level underwriting positions. This role offers on-the-job training and does not require prior insurance experience. Underwriters evaluate risk for commercial property & casualty insurance policies.

Key Responsibilities

• Underwriting Activities:
• Review submissions, endorsement requests, and renewal policies from agents for acceptability.
• Follow up with agents or brokers for additional information.
• Determine proper risk classification and use company software to rate risks.
• Identify proper coverage structure, including endorsements and exclusions.
• Develop proposed ratings and apply schedule credits/debits.
• Make underwriting decisions on routine risks and refer complex risks.
• Quoting:
• Prepare and deliver quotes to agents within underwriting authority or with proper referral.
• Resolve outstanding concerns with agents and answer questions.
• Explain commercial coverage to agents and brokers.
• Ensure quote terms and conditions are clear and guide agents through the binding process.
• Manage pending workload to provide excellent service on quotes.
• Quality Control and Review:
• Perform quality control inspections of bound policies, endorsements, and renewals.
• Review applications, correspondence, and underwriting information against policies for discrepancies.
• Ensure accurate information is contained in policies.
• Review proper rating classification and coding of bound policies.
• Handle problems and take appropriate action on unusual discrepancies.
• Initiate policy changes and take underwriting actions, including cancellation or non-renewal.
• Third-Party Data:
• Utilize third-party tools, data, and services to improve underwriting decisions, rating accuracy, and overall results.
• Quality Assurance and Testing:
• Participate in testing of rating, quoting, policy administration, and other software.
• Complete assigned test cases within designated timeframes.
• Identify potential problems and notify testing coordinators.

Qualifications

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

Tech Stack

• Company software for rating and policy administration.
• Third-party tools and data services.