Senior Underwriter, Financial Institutions Chicago, IL

Senior Underwriter, Financial Institutions

Salary Range: $100,000.00 To $150,000.00 Annually

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. We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business.

Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity in our Executive and Professional Liability division for a Senior Underwriter to join the Financial Institutions (FI) team based in our Chicago office.

In this role you will focus on developing broker relationships, prequalifying new business opportunities, managing an existing portfolio of business, and growing a book of business in our Central and West regions. The Underwriter will be actively involved with Management in the building of the platform and product offering.

You will handle day-to-day responsibilities as an FI Underwriter. Tasks will include marketing to distribution channels, utilizing underwriting acumen to select sound underwriting risks and form opinions of risk. Expand and develop new business opportunities through production & marketing calls with brokers and clients.

Duties & Responsibilities:

• Manage and build upon a book of business that is consistent with the team’s strategic focus.
• Expand on broker and customer relationships.
• Underwrite complex and challenging risks while developing creative solutions for our partners.
• Effectively communicate BHSI’s value proposition to brokers and customers.
• Collaborate with teammates across all product lines to create a positive experience for our customers.

Qualifications, Skills and Experience:

• 3 to 7 years of experience underwriting or broking financial lines for public companies, private or non-profit entities, or financial institutions.
• Demonstrated understanding of financial analysis and financial markets.
• Foundational to high level of understanding of policy forms and coverage types including: Directors and Officers Liability, Errors and Omissions, Employment Practices Liability, Fiduciary Liability and Fidelity.
• Excellent communication and negotiation skills.

BHSI Offers:

• A competitive package and exciting growth opportunities for career-oriented teammates.
• A dynamic, action-oriented, and thoughtful environment centered on doing the right thing for our customers, teammates, and stakeholders.
• A purposely non-bureaucratic organization that embraces simplicity over complexity.
• 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 is from $100K – 150K along with annual bonus eligibility; a candidate’s salary is determined by their relevant skills and experience.

NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Members may perform other related duties as negotiated to meet the ongoing needs of the organization.