The Large Account Underwriter is primarily responsible for risk evaluation including selection and retention of new and existing business in accordance with the company’s underwriting philosophy. The Underwriter develops and fosters positive, professional relationships with the company’s agency partners, as well as achieves company growth and profitability objectives. The Underwriter must be a team player and exhibit expertise in workers compensation, must consistently exercise good judgment and be familiar with loss sensitive plans.
Key functions include but are not limited to:
- Selects new business and evaluates renewal accounts in accordance with company underwriting philosophy, established authority parameters, as well as written/verbal procedures and guidelines
- Demonstrates a professional, courteous attitude with agents. Responds quickly and ethically to all requests/issues. Participates in round table Underwriting meetings to assess opportunities, plans and pricing
- Provides accurate and thorough education to agents about the company’s risk selection philosophy and pricing guidelines
- Achieves company growth objectives by recognizing sales opportunities, soliciting desirable business, and diligent follow-up on quoted business
- Occasionally travels to agencies, team and policyholder meetings
- Reviews claims activity, loss control surveys, and inspection reports for existing policies, handling as required
- Underwrite and manage a portfolio of large, complex, loss-sensitive accounts
- Evaluate risk exposures, industry classifications, and loss history to determine pricing and coverage
- Develop and maintain strong relationships with brokers and clients
- Collaborate with internal teams, including claims, risk control, actuarial, and credit, to create comprehensive solutions
- Ensure compliance with state and federal workers' compensation regulations.
- Negotiate policy terms and conditions for large accounts
- Provide mentorship and training to junior underwriters
- Monitor claims trends and adjust underwriting strategies accordingly
- Resolves policy audit issues
- Determines the appropriate course of action for policy changes, delegating to underwriting and/or processing assistants for handling.