Underwriter II (Workers Comp)
Integrated Specialty Coverages, LLC
•Hybrid
About The Position
Review workers compensation applications for insurance and evaluate applications to determine whether to accept or decline coverage based on established underwriting guidelines. Determine the level of coverage to be offered and appropriate pricing based on the exposures presented and individual risk characteristics. Assess excessive risks and determine value of policy to ensure safe and profitable distribution of risks. Become familiar with various commercial insurance applications and industry terminology. This is a career level position.
Requirements
- Bachelor’s degree required
- Minimum 3 years of workers compensation underwriting or related insurance experience required
- Strong customer service experience
- Proficiency in Microsoft Office Suite and ability to quickly learn industry-specific software
- Ability to work collaboratively with team members and other departments
- Strong desire to learn, explore new ideas, and seeking out new knowledge
- Ability to be flexible, embrace change, and quickly pivot in response to shifting priorities
- Must be legally authorized to work in the United States.
Nice To Haves
- CPCU, CIC, CRIS, Property & Casualty Brokers License, etc. a plus
Responsibilities
- Adhere to underwriting guidelines and execute underwriting and pricing strategies to maintain profitability goals.
- Use level of authority to accept, reject, or mitigate risk for applications.
- Approve or decline insurance applications within certain limits and issue coverage and prepare referral submission for risks exceeding individual authority.
- Ensure that underwriting activities comply with all industry and government regulations.
- Documentation of Underwriting files including risk analysis and pricing justification in accordance with established underwriting standards.
- Offer recommendations to clients on insurance applications to reduce exposure to excessive risk.
- Collaborate closely with the underwriting team to finalize insurance applications efficiently.
- Utilize multiple databases to gather and verify supplementary data for submissions and leverage specialized software to compare risks ensuring accurate policy pricing.
- Respond to customer needs, providing guidance and assistance tailored to their insurance needs.
- Process accounts from approved quotes through to policy issuance with accuracy and efficiency.
Benefits
- Employee Ownership Program
- Professional development opportunities
- Owner Referral Program
- Work from home reimbursement for remote/hybrid roles
- Canary emergency financial assistance program
- Comprehensive medical, dental, vision
- Life/AD&D Insurance
- Confidential, Employee Assistance Program
- Health Savings Account, includes company contribution
- Short-term disability
- Voluntary benefits - supplemental accident, critical illness, hospital insurance
- Employee discounts
- 401(k) Plan with company match contribution
- Addition Wealth Financial Wellness Program
- Various Time Off Programs
- 11 company paid holidays
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
