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  |  May 31, 2024

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05/20/2024

Contact Information
Contact Sara Abramowitz
More Information
Underwriter Associate:*
For A workers' compensation Insurance company

*Location:*
Englewood Cliffs, NJ

*Salary:*
$55,000-$80,000

*Benefits:*
Simple IRA plan with employer match
Health Insurance
Medical
Dental
Vision
Willing to train

A workers' compensation insurance underwriter is essentially a risk evaluator. They assess applications from businesses seeking workers' compensation insurance coverage for their employees. Their role involves analyzing various factors such as the nature of the business, its safety protocols, past claims history, and the industry's overall risk profile. Using this information, underwriters determine the appropriate level of coverage and premiums to offer. They need a keen understanding of insurance principles, legal regulations, and industry-specific risks to make informed decisions. Essentially, they balance the needs of the business with the insurer's need to manage risk effectively.



*Responsibilities: ∙*
Reviewing insurance applications to determine if risks should be approved and processed ∙
Assisting in establishing pricing of premium for insurable accounts ∙
Implementing processes for the handling of new submissions, renewal submissions, extensions, and endorsements ∙
Analysis and interpretation of the information on the loss runs and underwriting workbooks ∙
Tracking policy terms
∙ Ensuring renewals are prepared in accordance with underwriting timelines
.Also will be responsible for calculating tracking brokers commision through excel sheets who work with the company
sara@toprecruiting.org
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