Entry Level Underwriter

About the Role

Berkshire Hathaway Homestate Companies (BHHIC) is a commercial property & casualty insurance company seeking to fill entry-level underwriting positions. We offer outstanding opportunities within a successful company, combining unparalleled financial strength and stability with a friendly, "small company" atmosphere.

Key Responsibilities

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

Requirements & Tech Stack

• Company software
• Third party tools, data, and services

Qualifications

• Bachelor degree or equivalent
• Knowledge of basic math
• Ability to solve problems and make decisions
• Excellent customer service skills
• Ability to multi-task
• No prior insurance experience required; on-the-job training provided.