Associate Underwriter
Employment Type : Full-Time
WHO WE AREBerkshire Hathaway Homestate Companies is dedicated to being the best workers compensation insurance company by providing compassionate care to injured workers, superior service to our customers and compelling opportunities for our employees. BHHC has earned an enviable record of success and growth in the insurance industry while growing a culture centered around inclusion and collaboration. We pride ourselves on maintaining our small company feel and recognize that attracting and retaining high quality talent is essential to the success of our company. Come be a part of our growing team!
WHAT WE’RE LOOKING FOR:The Associate Underwriter will successfully complete the Underwriting Training Program. Responsible for proficiently reviewing and evaluating new and renewal business in accordance with established underwriting guidelines in order to achieve department goals of profit, rate and growth, and maintaining productive agency relationships with effectual agency management. This will involve answering customer inquiries, evaluating policy endorsements, executing policy transactions with a high degree of accuracy and providing a high level of customer service. They will be expected to continue to build on their Underwriting knowledge and accounts will increase in number and complexity. - Successfully completes the Underwriting department training curriculum including workers compensation law, rating and pricing regulations.
- Applies training concepts and reference material to adhere to work processes and assignments including issuance and maintenance of policy contracts.
- 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.
- 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.
WHAT WILL SET YOU APART- EDUCATION: Bachelor’s degree from an accredited college or university is strongly preferred.
- EXPERIENCE: Minimum one year of related training or experience required.
- LANGUAGE ABILITY: 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.
- MATH ABILITY: 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.
- REASONING ABILITY: 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.
- TECHNICAL SKILLS: To perform this job successfully, the individual should have knowledge of office operations, workflow analysis, and current technologies in telecommunications, data entry and file management. Able to learn workers compensation underwriting regulations and strategic principals and able to apply them skillfully and consistently.
- COMPUTER SKILLS: 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.
WHY YOU SHOULD APPLYHealth and Wellness:- Comprehensive medical plans with low premiums for you and your family
- Dental and vision insurance plans
- Healthcare Flexible Spending Accounts
- Company sponsored life, accidental death and dismemberment, short and long term disability insurance
- Wellness reimbursement for health club memberships and other health and mental wellness activities
Financial:- 401k plan with employer match
- Paid time off with generous accrual policy
- Commuter benefits
- Tuition reimbursement program to help foster your continued growth
- Employee discounts across Berkshire companies including Geico, See's Candies, etc.
Culture:- Diverse atmosphere focused on inclusion, transparency and integrity
- Relaxed atmosphere with casual dress code
- Paid volunteer time and office-sponsored volunteer events
- Employee Assistance Program to help with your financial, legal, and personal concerns
Please review our CCPA policies here.
NOTE: BHHC does not conduct interviews via social media (e.g. Google hangout, LinkedIn, etc.). Please be aware that any such contact is fraudulent and we advise that you not provide any personal information. This organization participates in E-Verify. For more information on E-Verify, please contact DHS: 888.897.7781 www.dhs.gov/E-Verify. We will consider for employment-qualified applicants with criminal histories as required by local ordinance. Additionally, no applicant will be denied employment solely on the grounds of conviction of a criminal offense except to the extent necessary to obtain a necessary license or to comply with The Violent Crime Control and Law Enforcement Act of l994, which prohibits the employment by an insurance company of persons convicted of certain crimes, unless a waiver is obtained.