Bachelor's degree or 5+ years of related experience
5-10 years of Workers Compensation underwriting or related insurance experience
Experience with underwriting risk in construction, hospitality, real estate, and manufacturing
CPCU, CIC, CRIS, or Property & Casualty Brokers License preferred
Strong customer service skills
Proficient in Microsoft Office Suite and quick to learn industry-specific software
Ability to collaborate effectively with team members and other departments
Flexibility to adapt to changing priorities
Responsibilities
Adhere to underwriting guidelines and execute pricing strategies to meet profitability goals
Approve or decline insurance applications and prepare referrals for higher risks
Review and analyze risk characteristics on applications and renewals
Ensure compliance with industry and government regulations
Document underwriting files with risk analysis and pricing justification
Provide recommendations to clients to mitigate excessive risk exposure
Cultivate relationships with producers to achieve production goals
Collaborate with the underwriting team for efficient application processing
Utilize databases and software for accurate policy pricing
Respond to customer needs with tailored guidance
Process accounts from quotes to policy issuance accurately
Recommend ideas for program development and process improvement
Assist in team development through knowledge sharing and mentoring
Benefits
Employee Ownership Program allowing eligible employees to share in financial rewards
Professional development opportunities
Owner Referral Program
Work from home reimbursement for remote/hybrid roles
Emergency financial assistance program
Comprehensive medical, dental, and vision insurance
Life/AD&D Insurance
Confidential Employee Assistance Program
Health Savings Account with company contribution
Short-term disability coverage
Voluntary supplemental benefits
Employee discounts
401(k) Plan with company match
Wealth Financial Wellness Program
Various Time Off Programs
11 company-paid holidays
Full Job Description
Job Summary:
Review applications for workers compensation insurance and evaluate applications to determine whether to accept or decline coverage based on established underwriting guidelines. Determine the level of coverage to be offered and appropriate pricing based on the exposures presented and individual risk characteristics. Assess excessive risks and determine value of policy to ensure safe and profitable distribution of risks. Become familiar with various commercial insurance applications and industry terminology. This Underwriter will need to reside in the State of Florida.
Position Responsibilities
Adhere to underwriting guidelines and execute underwriting and pricing strategies to maintain profitability goals. Use level of authority to accept, reject, or mitigate risk for applications.
Approve or decline insurance applications within certain limits and issue coverage and prepare referral submission for risks exceeding individual authority.
Review and analyze risk characteristics on insurance applications, renewals, and change requests.
Ensure that underwriting activities comply with all industry and government regulations.
Documentation of Underwriting files including risk analysis and pricing justification in accordance with established underwriting standards.
Offer recommendations to clients on insurance applications to reduce exposure to excessive risk.
Utilize underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages.
Cultivate relationships with assigned producers to achieve production goals.
Collaborate closely with the underwriting team to finalize insurance applications efficiently.
Utilize multiple databases to gather and verify supplementary data for submissions and leverage specialized software to compare risks ensuring accurate policy pricing.
Respond to customer needs, providing guidance and assistance tailored to their insurance needs.
Process accounts from approved quotes through to policy issuance with accuracy and efficiency.
Recommend ideas for program development and process improvement.
Assist in the development of the Underwriting team through sharing knowledge and market intelligence, collaboration, and mentoring relationships.
Minimum Qualifications
Bachelor's degree required or 5+ years of related experience
Minimum 5-10 years of Workers Compensation underwriting or related insurance experience required
Experience underwriting risk for the following classes: construction, hospitality, real estate, manufacturing
CPCU, CIC, CRIS, Property & Casualty Brokers License, etc. a plus
Strong customer service experience
Proficiency in Microsoft Office Suite and ability to quickly learn industry-specific software
Ability to work collaboratively with team members and other departments
Strong desire to learn, explore new ideas, and seeking out new knowledge
Ability to be flexible, embrace change, and quickly pivot in response to shifting priorities
This role also offers bonus pay. Your Talent Acquisition representative will share more details about the bonus component should you advance in the interview process.
The starting annual pay scale for this position is listed below. Actual starting pay will be based on factors such as skills, qualifications, training, and experience. In addition, the company offers comprehensive benefits including medical, dental and vision insurance, 401(k) plan with match, paid time off, and other benefits.
ISC's salary ranges are determined by role and level. The range displayed on each job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations and could be higher or lower based on a multitude of factors, including job-related skills, experience, and relevant education or training.
National Pay Range
$101,000-$127,000 USD
Benefits of Working at ISC
Employee Ownership Program - every eligible employee shares in the financial rewards that grow when the company grows
Professional development opportunities
Owner Referral Program
Work from home reimbursement for remote/hybrid roles
Canary emergency financial assistance program
Comprehensive medical, dental, vision
Life/AD&D Insurance
Confidential, Employee Assistance Program
Health Savings Account, includes company contribution
