Underwriter, Workers Compensation
Encova Insurance | |
401(k) | |
United States, Ohio, Columbus | |
471 East Broad Street (Show on map) | |
April 28, 2024 | |
The salary range for this job posting is $53,787.00 - $86,059.00 annually + bonus + benefits
The above represents the salary range for this job requisition. Ultimately, in determining your pay, we'll consider your location, education, experience, and other job-related factors. Your recruiter can share more information about the specific salary range during the hiring process. Encova Insurance has an immediate opening for an underwriter, workers compensation. This role will have the option to be fully remote but you must reside in a state where we can hire. The list of these states can be found on our careers page. In this role, you will report to a regional vice president, commercial lines. JOB OBJECTIVE: The Underwriter, Small Business's objective is to review routine risks, determine acceptability, and successfully write profitable business accounts. The underwriter, within designated authority, reviews insurance applications to evaluate, classify and rate each risk to determine acceptability, coverage and pricing. The underwriter is responsible for the financial performance of the assigned book of business and is expected to achieve profitable retention and growth. The underwriter is focused on taking action to achieve results that positively impact sales and profitability. ESSENTIAL FUNCTIONS: 1. Determine the acceptability, quality, pricing, profitability and opportunity for new and existing business. 2. Complete thorough risk analysis on designated accounts using appropriate Encova, NCCI, ISO and industry rules, policies, procedures, and guidelines, etc. 3. Underwrites and assesses risk for routine, small business renewals and new business items. 4. Uses the predictive model for straight through processing of a high volume of accounts. 5. Utilizes Encova systems to transact requests and endorsements. 6. Communicates with agents electronically through internal Encova systems. 7. Identify, create and initiate new business opportunities within assigned book of business. 8. Gather and analyze information necessary to make an accurate evaluation of risk. 9. Determine appropriate pricing based on risk exposures, risk quality, loss potential and coverage provided. 10. Utilize available resources including company underwriting guidelines, business unit strategies, and consultations with others to ensure adequate understanding of risk exposures. 11. Prepare proposals to producers, including negotiation of terms and conditions. 12. Ensure the proper issuance of policies, certificates, filings and notifications. 13. Seek the guidance of management on risks exceeding assigned authority levels. 14. Effectively utilize industry rules and guidance to ensure proper policy construction 15. Identify underwriting issues; recommend and develop plans for problem resolution and implement where appropriate. 16. Manage existing and prospective accounts by actively participating in account renewals, new business presentations as needed and discussion with agents. 17. Participate in monitoring and analyzing performance of assigned agents; initiate actions and understand downstream impact of alternatives. 18. Serve as a resource for other team members and units. 19. Apply discretionary pricing appropriately based on the account exposures, predictive model indications and letter of authority. 20. Communicate all underwriting decisions or changes on coverage, limits, exposures and/or pricing, discussing alternatives with agents as needed. OTHER FUNCTIONS: 1. Travel to various locations to support business objectives whenever necessary. 2. Perform other duties as assigned. KNOWLEDGE, SKILLS AND ABILITIES:
This position has been evaluated in accordance with the Americans with Disabilities Act. Encova Insurance makes every effort to reasonably accommodate disabilities to permit performance of the essential functions and candidates who need such accommodation are encouraged to seek it. This description reflects the nature and level of work performed by associates in this position. It is not an all-inclusive inventory of duties, responsibilities and qualifications required. It provides an accurate overview of the work and skills needed to perform this position. Because job content may change from time to time, Encova Insurance reserves the right to add and/or delete functions from this job as it deems necessary for business reasons. Ready to join our team? What you can expect from us |