P&C Binding Production Underwriter

Job Description

Senior Underwriter - Workers’ Compensation

Job Summary

Seeking a highly skilled and experienced Senior Underwriter to join a team, specializing in Workers’ Compensation. This role is pivotal in managing and growing a profitable book of business, providing advanced technical underwriting expertise, and ensuring compliance with underwriting guidelines and regulatory requirements.

Compensation Package

• Competitive salary commensurate with experience.
• Comprehensive benefits package, including health, dental, and vision insurance.
• Paid time off and holidays.
• Professional development opportunities and support for industry certifications.
  
  

Responsibilities

• Manage and underwrite new and renewal Workers’ Compensation accounts, ensuring adherence to company underwriting guidelines and state regulations.
• Analyze submissions, including loss runs, experience modifications, payroll classifications, and safety controls, to select profitable risks.
• Determine appropriate pricing, coverage structures, limits, and terms to maintain profitability and competitiveness.
• Assess key risk factors such as workplace safety programs, claims history, job classifications, and multi-state exposures.
• Actively manage a complex book of business, focusing on portfolio profitability, retention, and growth targets.
• Negotiate pricing, terms, and conditions with brokers and agents, identifying cross-sell opportunities across other commercial lines.
• Build and maintain strong relationships with brokers, agents, and internal stakeholders to drive new business opportunities.
• Collaborate with claims, loss control, and actuarial teams to enhance risk selection and deliver a comprehensive underwriting approach.
• Provide accurate forecasting, participate in business planning, and contribute to achieving underwriting and financial performance goals.
• Mentor and support junior underwriters, offering guidance on underwriting practices, classification accuracy, and regulatory considerations.
• Stay informed on Workers’ Compensation market trends, regulatory changes (particularly in California), and emerging risks, adjusting strategies as needed.
• Support process improvements and leverage technology to enhance underwriting efficiency and decision-making.
  
  

Qualifications/Requirements

• Minimum of 6 years of dedicated Workers’ Compensation underwriting experience (8 years preferred), with a proven track record of managing complex accounts.
• Strong knowledge of California Workers’ Compensation regulations and rate environment is highly preferred.
• Bachelor’s degree in Risk Management, Business Administration, Finance, or a related field is required. Equivalent professional experience will be considered.
• Active state Property & Casualty license (California preferred) is required.
• Industry designations such as CPCU (Chartered Property Casualty Underwriter), ARM, or CIC are preferred.
• Exceptional analytical, negotiation, and relationship-building skills.
• Ability to work independently and collaboratively in a fast-paced environment.