Underwriting Specialist

Company Overview Midwest Insurance Company, established in 1998, has earned a strong reputation as a leader in the Worker's Compensation industry. Known for its excellence in underwriting, prompt claims processing, and exceptional customer service, the company manages premiums exceeding 100 million and maintains the lowest loss ratio among top carriers in its region. Midwest Insurance Company values motivated individuals who demonstrate a strong work ethic, intellectual curiosity, and a passion for excellence.

GENERAL DESCRIPTION

The Workers' Compensation Underwriting Specialist analyzes worker's compensation business to determine risk acceptability and pricing, and monitors risk accepted to ensure expected results are attained.

ESSENTIAL FUNCTIONS

Underwriting new business applications, policy changes and renewal business, within an assigned territory. Gather information and use underwriting knowledge to make informed decisions relating to risk acceptability and pricing that are in line with Midwest's underwriting philosophies and current strategies. A thorough knowledge of NCCI and/or Bureau rules, policy administration policy writing and data reporting functions related to the Underwriting process. Process all transactions, new business, renewals and endorsements as required Produce policy documents, file documentation as required. Effective communication skills both verbal and written. Manage a territory to meet goals and maintain work within company service standards and individual underwriting authority. Build and sustain meaningful relationships with agency partners and field personnel.

COMPETENCIES / QUALIFICATIONS

Excellent oral and written communication skills. Proven underwriting skills Thorough knowledge base of the underwriting process, policy contract, applicable rules. Strong ability to research and gather all necessary data to make informed decisions. Exceptional analytical skills Above average mathematical skill is required. Appropriate sense of urgency relative to service standards and maintaining agency relationships. Demonstrated decision making abilities with ability to support decisions with evidence.

EDUCATION / EXPERIENCE REQUIREMENTS

Minimum Education:

College degree OR a minimum of 4 years of commercial insurance experience in the workers' compensation field. In depth understanding of worker's compensation insurance and general underwriting principles. Proven track record of success in underwriting commercial insurance business. Working knowledge of Microsoft Office Suite.

Job Type:

Full-time Benefits:

401(k) 401(k) 4% Match Dental insurance Employee assistance program Health insurance Life insurance Paid time off Referral program Vision insurance

Work Location:

In person