Workers' Compensation Underwriter

Bankers Financial Corp • St. Petersburg, FL

8h • Onsite

About The Position

With a high degree of accountability, and following the underwriting guidelines established by DHR’s Workers’ Compensation insurers, reviews new business proposals to evaluate prospective PEO client’s degree of Workers’ Compensation risk.

Requirements

• Undergraduate degree and a minimum 3+ years Property & Casualty related work experience.
• Must be legally authorized to work in the United States.

Nice To Haves

• Professional certification and experience based on requirements that are job-related and consistent with business necessity.
• PEO experience is preferred.
• Field loss control or claim examination experience is considered a plus.

Responsibilities

• Reviews PEO sales proposals to evaluate prospective clients’ degree of Workers Compensation risk and accepts or rejects based on their acceptability for coverage. Partners with sales and field service PEO departments to gather complete and accurate information to support underwriting decisions.
• Conducts current client base audits to ensure both client and worksite employee classifications are correct and updated and that proper premium collection is maintained. Rates satisfactory submissions for loss reserve, WC premium, administration cost and SUTA cost to reach company profitability marks. Inputs research documents and comments in Salesforce as decision documentation. Uploads all relevant documentation that supports the acceptance or rejection decision.
• Updates underwriting procedures, policies, communications, classifications, and rates to maintain compliance with all state and federal regulations.
• Responds both accurately and timely to all information requests from PEO Workers Compensation clients, internal departments, PEO insurance/consulting vendors, and regulatory agencies to provide a high level of service accountability.
• Prepares management reports to provide information for making business decisions. Assists management in evaluating information to determine suitability of continuing individual client relationships.
• Educates sales and field service personnel to help them obtain additional client information in support of underwriting and classification decisions and to respond to regulatory inquiries when necessary.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees