Workers Compensation Underwriter

Job Description

Job Description

Position: Underwriter, DHR

Reports to: Vice President of Risk Management

Company Value Statements

In the performance of their respective tasks and duties, all employees are expected to demonstrate the following:

· Acting with the highest level of honesty, trust, character and transparency.

· Making a unified effort to achieve the goals of the organization; embracing accountability for exceptional performance every day.

· Commitment to excellence in reaching our full potential as individuals and as an organization, surpassing the ordinary and the expectations of our stakeholders.

· Approaching every challenge with creative energy, discovering unique solutions to maximize success; focus on creating and delivering compelling customer value.

· Belief in the power of a diverse workforce and in creating a positive impact on both the environment and our community.

Summary/Objective

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.

Essential Functions

· 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.

Supervisory Responsibility

None

Work Environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Physical Demands

While performing the duties of this job, the employee is regularly required to talk or hear in order to communicate with clients and coworkers. The employee is also required to see in order to inspect documents/spreadsheets for accuracy. The employee frequently is required to stand, walk, utilize hands to handle or feel, and reach with hands and arms in order to operate a computer and other office productivity machinery, such as a calculator, copy machine, and computer printer.

Position Type/Expected Hours of Work

This is a full-time position on-site working 40 hours per week, Monday through Friday 8am – 5pm.

Travel

Minimal

Required Education and Experience

Undergraduate degree and a minimum 3+ years Property & Casualty related work experience.

Preferred Education and Experience

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.

Work Authorization/Security Clearance

Must be legally authorized to work in the United States.