Underwriting Technician - London, United Kingdom - Berkshire Hathaway Specialty Insurance

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    Job Description

    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 Underwriting Technician on a 12-month fixed term contract. This role will be based in London as part of our Marine team.

    The Underwriting Technician will have responsibility for ensuring the Underwriting team are suitably enabled to transact business effectively; through accurate timely and complete recording of data, investigation of issues and relevant engagement with external & internal stakeholders. Working alongside the Underwriting team, the Underwriting Technician will have extensive involvement with our Operations function and operational support area. This role provides the opportunity to optimise process, contribute to system-based improvements and promote efficiency. The Underwriting Technician is uniquely positioned to report on production, participate in improvements and provide ongoing training and feedback across the business. In a highly collaborative team, as part of a growing business, engagement in initiatives across functions and geographies form an ongoing part of the role.

    Duties & Responsibilities:

    • Assist underwriters with account booking and workflow management
    • Provide inputs to relevant actuarial and risk modelling tools
    • Draft quotes/binders in conjunction with Underwriter
    • Support the credit control team with discrepancies / reconciling the Marine accounts
    • Monitor and manage Underwriting file integrity
    • Review and provide support on operational support area task completion
    • Support management in producing and monitoring portfolio view of business
    • Participate in reporting and external engagement for receivables management
    • Represent the Operations function within Underwriting team
    • Observe and capture requirements for process improvements or task migration

    Preferred Experience:

    • 2+ years commercial insurance experience required
    • In-depth understanding of underwriting practices throughout the policy life cycle
    • Must be proactive and able to work collaboratively within a team environment.
    • Demonstrated ability to support and build workflow and process
    • Strong analytical and problem-solving skills
    • Minimum of A-level experience, preferably BA/BS degree or equivalent experience
    • Strong competency in MS Office applications

    BHSI Offers:

    • A competitive package and exciting growth opportunities for career-oriented teammates
    • A dynamic, action oriented, and thoughtful environment centred on always doing the right thing for our customers, teammates and our other stakeholders
    • A purposely non-bureaucratic organisation that embraces simplicity over complexity and emphasises individual excellence in a team framework

    NOTE: 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.