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PrestigePEO · 2 months ago

Workers Compensation Underwriter

Melville, NY

Full-time

Onsite

Mid, Senior Level

$0/yr - $105K/yr

3+ years exp

PrestigePEO is a company specializing in workers' compensation services, and they are seeking a Workers’ Compensation Underwriter to evaluate and price workers’ compensation risk. This role requires collaboration with sales and carrier partners to ensure profitability and compliance while managing a diverse portfolio of client companies.

Human Resources

Responsibilities

Risk Assessment: Evaluate potential and existing client companies for workers’ compensation risk exposure, including industry classification, loss history, claims trends, and safety programs

Pricing & Quoting: Develop and recommend pricing based on risk characteristics, experience modifications, and underwriting guidelines

Carrier Liaison: Collaborate with carrier partners to obtain terms, negotiate renewals, and ensure alignment with carrier appetite and underwriting requirements

Portfolio Management: Monitor performance of the book of business, identify trends, and recommend corrective actions to maintain profitability

Compliance & Documentation: Ensure adherence to state regulations, rating bureau rules (NCCI, WCIRB, etc.), and company underwriting policies

Collaboration: Work with internal teams (Sales, Risk, HR, Finance, Claims) to evaluate new business opportunities and provide underwriting guidance during the client onboarding process

Reporting & Analytics: Maintain accurate underwriting records, prepare performance reports, and participate in audits or internal reviews

Continuous Improvement: Recommend enhancements to underwriting processes, risk selection criteria, and technology tools to increase efficiency and profitability

Qualification

Workers' compensation underwritingRisk assessmentPricingQuotingExcel proficiencyUnderwriting softwareMulti-state underwritingAnalytical skillsCommitment to integrityNegotiation skillsCommunication skillsCollaborationAdaptabilityAttention to detailTime management

Required

Bachelor's degree in Business, Finance, Risk Management, or related field

3–7 years of experience in workers' compensation underwriting, preferably within a PEO

Strong understanding of workers' compensation rating, classification codes, and experience mod factors

Familiarity with multi-state underwriting and regulatory environments

Proficiency in Excel and underwriting/rating software

Preferred

Knowledge of loss control and claims management processes

Strong carrier and broker relationships

Professional designations such as CPCU, ARM, or WCP (Workers' Compensation Professional) a plus

Company

PrestigePEO

PrestigePEO empowers small and mid-sized businesses (SMBs) to simplify HR by offering end-to-end support for employee benefits management, payroll administration, workers’ compliance, HR guidance, and more.

Founded in 1998

Melville, NY, US

201-500 employees