Workers Compensation Underwriting Specialist - Republic Indemnity

Posted 7 Hours Ago
Be an Early Applicant
Home, KS
82K-128K Annually
Senior level
Insurance
The Role
The Workers Compensation Underwriting Specialist evaluates and underwrites new and renewal business based on company guidelines. The role involves developing risk assessment models, collaborating with clients and agents, analyzing reports for underwriting decisions, and maintaining compliance with regulations. The specialist communicates strategies effectively and may coach staff while enhancing business relationships and monitoring underwriting practices.
Summary Generated by Built In

Be Here. Be Great. Working for a leader in the insurance industry means opportunity for you. Great American Insurance Group’s member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 35 specialty property and casualty operations, there are always opportunities here to learn and grow.

We value diversity and recognize the benefits gained when people from different cultures, backgrounds and experiences work collaboratively to achieve business results. We are intentionally focused on fostering an inclusive culture and know valuing diversity is an essential leadership quality. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

For over 50 years, Republic Indemnity has been a trusted partner for businesses across the western U.S., helping them effectively manage their workers' compensation costs. Our headquarters in Calabasas, California, along with additional offices in San Francisco and San Diego, serve as hubs for our operations. We specialize in workers' compensation primarily in California, with business presence in Alaska, Arizona, Nevada, and other western states.

Our Vision: Clear Paths to Success

At Republic, we believe in creating clear pathways for everyone - whether it's a broker, policyholder, injured worker, or colleague. We're committed to helping people reach their goals and achieve success. If you share this vision, we invite you to explore this exciting opportunity with us: the role of Underwriting Specialist.

Republic Indemnity

Essential Job Functions and Responsibilities

  • Evaluates and underwrites new and renewal business in accordance with Company underwriting guidelines and risk appetite.

  • Develops and implements risk assessment models to make informed decisions on coverage, pricing, and terms.

  • Collaborates with actuaries, agents, brokers, and clients to obtain necessary information and provide guidance.

  • Procures and analyzes supplementary reports and screenings, such as motor vehicle reports, loss history reports, and external inspections, to support underwriting decisions.

  • Ensures proper documentation of underwriting decisions and compliance with state and federal insurance regulations.

  • Evaluates complex policy renewals and modifications, identifying opportunities for policy enhancements and risk mitigation.

  • Communicates underwriting strategies and decisions effectively to internal teams, agents, and brokers.

  • Stays updated on industry trends, regulatory changes, and market conditions.

  • Maintains effective business relationships with internal and external customers/coworkers, focusing on generating new business and retaining profitable business.

  • Monitors and evaluates underwriting practices, assisting with implementing strategic adjustments to improve overall effectiveness and outcomes.

  • May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.

  • Performs other duties as assigned. 

Job Requirements

Education: Bachelor’s Degree in Business, Economics, Risk Management and Insurance, or a related field or equivalent experience.

Location: Must reside in the Southern California area.

Experience: Generally, a minimum of 5 to 7 years of experience in Underwriting or a related field. Must have experience in Underwriting Workers' Compensation, preferably in the state of California. Continuing progress toward and/or the completion of a professional designation preferred, such as Associate in Underwriting (AU), Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC), Program in General Insurance (INS) or Associate of Risk Management (ARM), or a marketing designation. Familiarity with marketing strategies and tools is beneficial.

Company:

RICA Republic Indemnity Company of America


Salary Range:

$82,000.00 -$128,000.00

Benefits:

Compensation varies by role, position level, and location. Individual pay is influenced by skills, education, training, certifications, experience, and the role's scope and complexity, along with business needs.

We offer a competitive Total Rewards package, including medical, dental, and vision plans starting on day one, PTO, paid holidays, commuter benefits, an employee stock purchase plan, education reimbursement, paid parental leave/adoption assistance, and a 401(k) plan with company match. These benefits are available to eligible full-time and part-time employees.

Your recruiter can provide more details about our total rewards and specific compensation ranges during the hiring process.

Top Skills

Underwriting
The Company
HQ: Cincinnati, OH
4,738 Employees
On-site Workplace

What We Do

Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. We have more than 30 specialty property and casualty insurance businesses, and in 2021, approximately 50% of our gross written premium in our property and casualty operations was generated by business units with a Top 10 market ranking.

Great American Insurance Company has received an "A"​ (Excellent) or higher rating from the AM Best Company for more than 110 years (most recent rating evaluation of "A+"​ (Superior) affirmed December 3, 2021). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio.

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