What are the responsibilities and job description for the Experienced Property Underwriter position at Berkshire Hathaway Specialty Insurance?
Who are we?
A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.
We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized. Want to be part of the team building the finest property, casualty, and specialty lines insurance company in the world?
Learn more about our unique culture and history.
Job Opportunity:
Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for an experienced underwriter to join the U.S. Central Region Property team based in Chicago, IL. The successful candidate will be responsible for developing and underwriting property business across the U.S. Central region marketplace and play a pivotal role in growing the General Property portfolio.
The individual will analyze property risk exposures of new and renewal business to make sound underwriting decisions. Additionally, the underwriter will be responsible for profitably developing and growing the portfolio through production and marketing calls with brokers and customers.
The title of the role will be commensurate with the level of experience of the successful candidate.
Duties & Responsibilities:
- Solicit and underwrite new and renewal property submissions
- Grow the property book of business, which includes quota share, primary, and excess layer structures
- Participate as an advocate for the business and take ownership of the success of the property portfolio
- Develop and expand broker and customer relationships with integrity, working both independently and in conjunction with other BHSI product lines
- Analyze information relating to catastrophe modelling, engineer reports, valuation reports, etc.
- Review and approve manuscript policies
- Work in a fast-paced, bottom line-oriented environment, multi-task, and make quick decisions while maintaining underwriting integrity
Qualifications, Skills, and Experience:
- 5 years commercial insurance experience
- Strong existing broker relationships
- Strong underwriting acumen and attention to detail
- Adaptable in a fast-paced environment
- Strong understanding of policy forms, including broker manuscripts
- Strong collaboration and team building skills
- Strong communication skills including negotiation and presentation experience
- Willing to travel
- Post-secondary degree or equivalent experience
BHSI Offers:
- A competitive package and exciting growth opportunities for career-oriented teammates
- A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates and our other stakeholders
- A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework
- Benefits that support your life and well-being, which include:
- Comprehensive Health, Dental and Vision benefits
- Disability Insurance (both short-term and long-term)
- Life Insurance (for you and your family)
- Accidental Death & Dismemberment Insurance (for you and your family)
- Flexible Spending Accounts
- Health Reimbursement Account
- Employee Assistance Program
- Retirement Savings 401(k) Plan with Company Match
- Generous holiday and Paid Time Off
- Tuition Reimbursement
- Paid Parental Leave
The base salary range for this position in Chicago is $100,000 to $160,000, along with annual bonus eligibility. Total compensation for a candidate is determined by their relevant skills, location, and experience. We value our teammates – both their capabilities and character – as demonstrated by our amazing culture.
NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization.
Salary : $100,000 - $160,000