Full-time
Medical, Retirement
Posted 15 days ago
Job description
Underwriter (Workers’ Compensation)- Full Time
Location: Spring Valley, NY, 10977
What you will be doing:
- Underwriting and servicing of both new business submissions and renewals with the emphasis on profitability
- Assisting and training of Underwriting Assistants
- Reviewing Due Diligence reports, Loss control surveys, loss runs, timeliness of premium payments and taking appropriate action when necessary
- Collaborating with specialists such as premium auditors, claims adjusters and loss control engineers for risk assessment
- Managing and delegating on a regular basis the activities of underwriting assistants
- Presenting accounts to management for underwriting approval accompanied by the appropriate underwriting data and recommendations
- Staying current with rules and regulations, market conditions and corporate underwriting disciplines utilizing NCCI and State Insurance Department websites
- Assisting the marketing department with presentations, proposals and visits with Brokers and Policyholders
Experience you will need:
- Minimum of 5 years of commercial insurance experience with at least 2 years of Workers’ Compensation underwriting individual accounts
- Knowledge of large account rating programs (i.e., Large Deductibles, Retrospective Rating, etc.)
- Effective written and verbal communication skills
- Effective organizational skills
- Proficiency in Internet software and Microsoft Products such as Word, Excel, Outlook, and internet software
Top Reasons to Work with our client
- Great work-life balance!
- Market leader in commercial insurance and risk management!
- Offer a wide range of career paths and opportunities for growth!
- Competitive Compensation and Benefits: health insurance, retirement plans, and other benefits!
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Frequently asked questions
Q: What skills or qualities help someone succeed as a Underwriter?
A: To succeed as an Underwriter, key technical skills include proficiency in insurance policies, risk assessment, and data analysis, as well as knowledge of regulatory requirements and industry standards. Soft skills such as strong analytical and problem-solving abilities, effective communication, and attention to detail are also crucial, as Underwriters must interpret complex data and communicate risk assessments to stakeholders. These strengths enable Underwriters to accurately evaluate and manage risk, ultimately supporting business growth and customer satisfaction.
Q: What is the career path for a Underwriter?
A: A typical career path for an Underwriter involves progression from entry-level roles such as Junior Underwriter or Underwriting Assistant, to mid-level positions like Underwriter or Senior Underwriter, and eventually to senior roles like Underwriting Manager or Director of Underwriting. Throughout their career, Underwriters can develop skills in risk assessment, policy analysis, and communication, as well as opportunities to specialize in specific industries or product lines, such as life insurance, property and casualty, or commercial lending. Long-term, Underwriters may pursue leadership roles, transition into related fields like actuarial science or financial analysis, or leverage their expertise to become consultants or industry experts.
