Job Title: Senior Underwriter
Department: Underwriting
Reports to: Underwriting Manager or Underwriting Supervisor
Position Summary:
The Senior Underwriter serves as the department’s subject matter expert, utilizing expertise in workers’ compensation insurance in collaboration with internal and external stakeholders. This role involves the analysis and informed decision-making necessary to balance profitable risk management, service, and collaboration with internal and external stakeholders for large, complex accounts. The Senior Underwriter also serves as a role model, mentoring and maintaining positive relationships with underwriting staff, co-workers, and agency partners.
Essential Functions:
- Evaluate policies to determine risk selection for the company’s largest accounts in accordance with company guidelines and industry best practices.
- Analyze various forms of data, risk factors, and regulatory rules to determine accurate account pricing and provide clear justification and documentation of highly complex risks.
- Achieve company written premium, loss ratio, submission, and service objectives.
- Ensure appropriate application of regulatory rules.
- Develop and maintain productive relationships with agents and policyholders, understanding their needs and providing personalized solutions through in-person visits and networking opportunities.
- Provide timely and professional communication to internal and external stakeholders.
- Offer guidance and support to new underwriters, mentoring and training on underwriting guidelines, policies/procedures, and industry best practices.
- Stay informed about industry trends, regulatory changes, and emerging risks to adapt underwriting strategies and maintain competitiveness.
- Participate in underwriting meetings, strategic planning, and innovation initiatives, contributing insights and recommendations for business growth and process improvements.
Job Qualifications:
Education:
Bachelor’s degree from an accredited college/university in a Business-related field.
Experience:
At least 6 years of Property and Casualty insurance underwriting experience.
Required Skills/Abilities:
- Strong understanding of workers’ compensation laws, regulations, and industry practices.
- Expert-level knowledge of workers’ compensation exposures and applicable regulations.
- Expertise in underwriting concepts, practices, and procedures, with the ability to accept appropriate risk.
- Excellent analytical skills with the ability to assess risk and make data-driven decisions.
- Effective communication skills, both verbal and written, with the ability to articulate complex concepts to diverse audiences.
- Proven ability to build and maintain relationships with clients, agents, and other stakeholders.
- Significant attention to detail.
Specialized Knowledge, Licenses, etc.:
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
- Proficiency in presenting industry information to various stakeholder levels.
- ARM, CIC, AU, or CPCU designations preferred.
Positive Attitude:
Develops and maintains positive working relationships with team members, customers, co-workers, and management through effective communication and collaborative skills.
Working Conditions:
- General office conditions with light physical demands.
- Adherence to all safety rules and regulations, including building security.
- Participation in maintaining safe and efficient operating conditions to safeguard employees and facilities.
- Drug-free environment, with drug testing prior to employment and after work-related accidents.
- Exposure to VDT screens.
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