Job Opportunity:
Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for an Underwriter or Senior Underwriter based in our German office in Munich or Frankfurt to join the Executive & Professional lines team, with a focus on insurance solutions for Commercial D&O. Day-to-day responsibilities of this role include, developing business within Germany across all relevant distribution channels, prequalifying accounts, utilizing underwriting acumen to select risks within company’s risk appetite and expanding and developing new business opportunities through production & marketing calls with brokers and customers.
We are seeking an individual who is energized, passionate and who is always striving towards excellence. You should be comfortable working closely with actuaries, the Claims team and underwriters from across the broader team. In addition, necessary character, relationship building and negotiating skills to help lead and further build a profitable book of business are of the upmost importance. The successful candidate will be focused on a positive customer experience, while maintaining sound underwriting discipline. This position is a great fit for an experienced Underwriter looking to expand their responsibilities and underwriting knowledge with an experienced and well-regarded unit within a top global insurance company.
Duties & Responsibilities:
1. Grow and develop a profitable book of commercial D&O business
2. Establish, develop, and expand broker and customer relationships
3. Underwrite assigned accounts while ensuring appropriate analysis and documentation
4. Work in a fast-paced, bottom line-oriented environment, multi-task, and make quick decisions while maintaining underwriting integrity
5. Maintain awareness of the competitive environment and risk profile of their assigned region
6. Effectively communicate BHSI value proposition and demonstrate leadership in the region
Qualifications, Skills and Experience:
7. 3+ years of financial lines underwriting experience
8. Existing broker and customer relationships, or the ability to develop strong broker and customer relationships quickly
9. Strong underwriting acumen, including understanding of the legal environment to directors’ and officers’ liability and financial analysis skills with an ability to assess the profitability, solvency and liquidity of any organization
10. Experience and solid understanding of policy forms, including broker manuscripts; it’s coverage intent, structure and application
11. Ability to work independently within a Team Environment
12. Strong collaboration and team building skills
13. Strong communication skills including negotiation, communications and presentation experience
14. Degree or equivalent education, and/or strong insurance qualifications.
15. Fluency in German and English
16. Some travel will be required
BHSI Offers:
17. A competitive package and exciting growth opportunities for career-oriented teammates
18. A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates and our other stakeholders
19. A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework