Job Description
Workers’ Compensation Underwriter
Location: Austin, TX (Hybrid Role)
Job Type: Full-Time
We are seeking an experienced Workers’ Compensation Underwriter to join a dynamic insurance team. This role is ideal for a skilled professional with a strong background in underwriting and risk assessment who is looking to contribute to a growing portfolio of business. The underwriter will focus on evaluating new and renewal business, ensuring profitability, and building strong agency relationships.
Key Responsibilities:
- Analyze and assess workers’ compensation insurance applications for new and renewal policies.
- Determine appropriate pricing, coverage, and risk classification to maintain a balanced and profitable book of business.
- Work closely with agents and brokers to develop strong professional relationships and drive business growth.
- Ensure compliance with industry regulations, underwriting guidelines, and company policies.
- Review and process underwriting transactions, endorsements, and modifications efficiently.
- Collaborate with internal teams, including claims, risk control, and business development, to optimize underwriting decisions.
- Monitor market trends and regulatory changes that may impact underwriting practices.
- Provide technical guidance and training to junior underwriters and underwriting assistants.
- Utilize underwriting tools, technology, and analytics to improve decision-making and operational efficiency.
Qualifications:
- Bachelor’s degree in business, finance, economics, actuarial science, or a related field (preferred).
- Minimum of 5 years of underwriting experience in workers’ compensation insurance.
- Strong knowledge of underwriting principles, risk assessment, and industry regulations.
- Proficiency in analyzing financial and risk data to support underwriting decisions.
- Excellent communication, negotiation, and relationship management skills.
- Detail-oriented with strong analytical and problem-solving abilities.
- Ability to work independently as well as collaboratively within a team.
- Familiarity with NCCI rules, state guidelines, and rating methodologies.
- Proficiency in Microsoft Office, particularly Excel.
Benefits:
- Competitive salary with performance-based incentives.
- Comprehensive healthcare coverage, including medical, dental, and vision plans.
- 401(k) matching program.
- Paid time off, including holidays and vacation.
- Professional development opportunities, including tuition reimbursement.
- Additional voluntary benefits such as life and disability insurance.