Workers Compensation Underwriter

Key Responsibilities

• Evaluate potential and existing client companies for workers’ compensation risk exposure, including industry classification, loss history, claims trends, and safety programs
• Develop and recommend pricing based on risk characteristics, experience modifications, and underwriting guidelines
• Collaborate with carrier partners to obtain terms, negotiate renewals, and ensure alignment with carrier appetite and underwriting requirements
• Ensure adherence to state regulations, rating bureau rules (NCCI, WCIRB, etc.), and company underwriting policies
• Work with internal teams (Sales, Risk, HR, Finance, Claims) to evaluate new business opportunities and provide underwriting guidance during the client onboarding process
• Maintain accurate underwriting records, prepare performance reports, and participate in audits or internal reviews
• Recommend enhancements to underwriting processes, risk selection criteria, and technology tools to increase efficiency and profitability

Qualifications

• Required: Bachelor’s degree in Business, Finance, Risk Management, a related field, or equivalent industry experience
• Minimum of 2 years of experience in commercial or PEO workers’ compensation underwriting
• Intermediate knowledge of workers’ compensation class codes, rating methodologies, and experience mod factors
• Working knowledge of NCCI and independent bureau state websites to research class codes, classification rules and experience rating mods.
• Familiarity with multi-state underwriting and regulatory requirements
• Advanced proficiency in Excel and underwriting/rating software
• Strong analytical and quantitative skills, including the ability to evaluate policies, calculate cost rates, and analyze payroll and loss data to support underwriting decisions

Core Competencies

• Analytical and detail-oriented
• Strong negotiation and communication skills
• Ability to manage competing priorities and tight deadlines
• Collaborative and adaptable in a fast-paced PEO environment
• Commitment to underwriting integrity and profitability