What are the responsibilities and job description for the Experienced Underwriter - Workers Compensation position at Berkshire Hathaway Homestate Companies - Workers Compensation Division?
WE'RE LOOKING FOR AN EXPERIENCED UNDERWRITER!
Berkshire Hathaway Homestate Companies, Workers Compensation Division, has an immediate opening for an Underwriter in our Horsham, PA office. This professional is responsible for evaluating new and renewal business in accordance with established guidelines in order to achieve departmental goals for profitability and growth, while developing productive agency relationships. Demonstrates sound knowledge of applicable statutory regulations, industry best practices, and appropriate application of deductible programs and loss sensitive plans.
ONSITE REQUIREMENT
This is a hybrid opportunity, requiring initial onsite training and, upon successful completion of same, a minimum requirement of three days per work week in our Horsham, PA office.
Teamwork Responsibilities
Should be familiar with standard concepts, practices, and procedures within field, as well as best practices in Underwriting. Relies on experience and judgment to perform the functions of the job and accomplish goals. Shows initiative in identifying service problems and proposing solutions with new procedures, techniques or systems. Performs a variety of tasks autonomously and with proficiency, demonstrates the ability to make sound decisions within given authority. Works under general supervision. Some degree of creativity and latitude is required. Executes responsibilities professionally and in accordance with the Company's policies and applicable laws.
Essential Responsibilities
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. Relationships are the cornerstone of our culture, and we believe in doing the right thing. That means we invest in our business in every way possible to deliver on our mission and demonstrate that people are what powers our success. Our commitment to financial strength and integrity means our customers can rest assured that we will be there when it counts.
At BHHC we embrace diversity and foster an environment where our people can be their authentic selves. Our differences make us stronger and better together, which fosters a harmonious workplace—something we truly value. We’ve created an approachable and collaborative atmosphere. Here you’ll find a welcoming workplace where everyone can feel valued, supported, and inspired to do great work. Together, we raise the bar by being curious, remaining customer-focused, and operating with integrity.
Berkshire Hathaway Homestate Companies, Workers Compensation Division, has an immediate opening for an Underwriter in our Horsham, PA office. This professional is responsible for evaluating new and renewal business in accordance with established guidelines in order to achieve departmental goals for profitability and growth, while developing productive agency relationships. Demonstrates sound knowledge of applicable statutory regulations, industry best practices, and appropriate application of deductible programs and loss sensitive plans.
ONSITE REQUIREMENT
This is a hybrid opportunity, requiring initial onsite training and, upon successful completion of same, a minimum requirement of three days per work week in our Horsham, PA office.
Teamwork Responsibilities
Should be familiar with standard concepts, practices, and procedures within field, as well as best practices in Underwriting. Relies on experience and judgment to perform the functions of the job and accomplish goals. Shows initiative in identifying service problems and proposing solutions with new procedures, techniques or systems. Performs a variety of tasks autonomously and with proficiency, demonstrates the ability to make sound decisions within given authority. Works under general supervision. Some degree of creativity and latitude is required. Executes responsibilities professionally and in accordance with the Company's policies and applicable laws.
Essential Responsibilities
- Appropriately discerns applications for coverage, 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 per industry and corporate standards utilizing proprietary software and databases.
- Analyzes production and actuarial reports; Coordinates with Loss Control and Claims to address any accounts performing adversely.
- Effectively negotiates premium costs and net rates; 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. Ensures submissions result in timely policy production. Prepares Loss Control requests for appropriate accounts.
- Proactively communicates with external clientele and internal resource partners, fostering productive agency relationships and client retention. Ensures deadlines are met and prompt response to inquiries is provided. Accompanies Marketing Managers to agency visits as needed to promote improved agency relationships. Participates in policyholder and broker sales calls.
- Performs special assignments and projects as assigned.
- EDUCATION: Bachelor’s degree from an accredited college or university is required, preferably in Risk Management, Economics, Finance, or Business.
- CERTIFICATIONS: Chartered Property Casualty Underwriter (CPCU) designation a plus.
- EXPERIENCE: Minimum of three years of underwriting experience at a workers’ compensation carrier is 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 define problems, collect data, establish facts and draw valid conclusions. Able to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with a several abstract and concrete variables.
- TECHNICAL SKILLS: The individual should have knowledge of workers’ compensation underwriting regulations and strategic principals and be 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.
- Work From Home (up to 2 days per week after eligibility)
- Paid Time Off
- Paid Holidays
- Retirements Savings Match
- Group Health Insurance (Medical, Dental, and Vision)
- Life and AD&D Insurance
- Long Term Disability Insurance
- Paid Community Volunteer Day
- Employee Assistance Program
- Tuition Reimbursement Program
- Employee Referral Program
- Diversity, Equity and Inclusion Program
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. Relationships are the cornerstone of our culture, and we believe in doing the right thing. That means we invest in our business in every way possible to deliver on our mission and demonstrate that people are what powers our success. Our commitment to financial strength and integrity means our customers can rest assured that we will be there when it counts.
At BHHC we embrace diversity and foster an environment where our people can be their authentic selves. Our differences make us stronger and better together, which fosters a harmonious workplace—something we truly value. We’ve created an approachable and collaborative atmosphere. Here you’ll find a welcoming workplace where everyone can feel valued, supported, and inspired to do great work. Together, we raise the bar by being curious, remaining customer-focused, and operating with integrity.
