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Accounting / Finance
Berkshire Hathaway Homestate Companies Hiring for Underwriter 1 (Trainee) Job at Alpharetta, GA Full Time
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WHAT WE’RE LOOKING FOR:
Upon successful completion of the Underwriting Training Program, the Underwriter 1 will apply basic underwriting concepts and best practices in evaluating new and renewal business in accordance with established guidelines and aide senior members in developing and maintaining agency relationships. This will involve evaluating policy endorsements, executing policy transactions with accuracy, and providing superb customer service. This individual will be expected to continue to build on industry knowledge and accounts will increase in number and complexity.
RESPONSIBILITES AND PRINCIPAL ACCOUNTABILITIES
- 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 required. A Bachelor of Business Administration in Risk Management and Insurance a plus.- 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 in Office 365 applications (Word, Excel, PowerPoint) and able to quickly master proprietary and vended software applications.
