Job Purpose:
Determine acceptability of workers’ compensation risks by reviewing, evaluating and rating submissions. Build/maintain independent insurance agency relationships, monitor production and loss ratios. The ideal candidate will be someone who enjoys working within a team environment; however can thrive and succeed as an individual employee.
Duties:
Provide business information and resolve problems by answering producers’ questions and concerns; training producers regarding procedures, product knowledge, and underwriting guidelines
Underwrite workers’ compensation insurance applications by analyzing risk for acceptance, rejection, or need for further evaluation by comparing exposure analysis (classification, business characteristics, inspection reports, actuarial analysis, financial standing and loss experience) to company underwriting guidelines.
Prepare premium indications/quotes by rating risks based on class fit and business characteristics
Determine renewal actions by analyzing claim reports and pre-underwriting reviews
Evaluate Loss Control Reports. Recommend corrective actions and monitor progress
Complete underwriting file documentation by adhering to established underwriting standards
Monitor/Improve business agents’ portfolio results by analyzing production and loss experience
Review final audits
Prepare reports by collecting, analyzing, and summarizing information and trends
Contribute to fellow underwriting staff by developing and conducting training programs
Maintain inter/intradepartmental work flow by fostering a spirit of cooperation
Update job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations
Enhance underwriting and organization reputation by accepting ownership for accomplishing new and different requests; exploring opportunities to add value to job accomplishments
Skills/Qualifications:
Existing broker relationships is imperative
Statistical Analysis, Reporting, Dealing with Complexity, Managing Profitability, Financial Planning and Strategy, Judgment, Supervision, Training, Strategic Planning, Process Improvement, General Math Skills, Computer Skills including Microsoft Word and Excel