Workers Compensation Production Underwriter I

CopperPoint Insurance Company11 months ago
United States
Remote
Full-time
Junior Level (1-3 years)
$70,000-$85,000 Annually

Job Description

Position Overview

CopperPoint Insurance Companies has an exciting opportunity for a Workers Compensation Production Underwriter. In this role, you will actively seek and secure opportunities to distribute commercial insurance products through assigned channels and develop strong agency partnerships. You will support both short- and long-term business strategies to achieve profit and growth objectives through sound underwriting practices, while planning and executing initiatives with support from the VP and AVP to meet revenue and customer satisfaction goals.

Key Responsibilities

  • Build strategic relationships to drive new business, profitability, and other business objectives.
  • Analyze workers compensation accounts using risk characteristics, exposure analysis, hazard recognition, and controls.
  • Lead agency engagement activities by meeting regularly with assigned agencies to communicate strategies and identify new opportunities.
  • Conduct producer meetings with clear agendas to review the pipeline and address deliverables and commitments.
  • Monitor producer engagement across the team effectively.
  • Educate assigned agency partners on the portfolio while implementing target strategies aligned with the Agency Business Model.
  • Monitor production and quality of work from assigned agency partners.
  • Manage Partnership Plans to maximize growth profit of the portfolio.
  • Gain thorough knowledge of the assigned geographic territory regarding production sources, competitor activities, and local economic peculiarities.
  • Adhere to individual authority levels and price business according to company underwriting and pricing guidelines.
  • Balance effective pricing and risk selection that drives profit and growth while maintaining strong producer relations.
  • Present new and renewal proposals to agency personnel.
  • Maintain the highest level of customer service both internally and externally.

Required Qualifications

  • BS/BA college degree preferred, especially in business administration, finance, or marketing.
  • Preferred – 2-4 years of P&C insurance industry experience with increasing responsibility.
  • Strong insurance, business, and financial acumen.
  • Ability to demonstrate effective influence with both internal and external stakeholders.
  • Proven ability to collaborate with cross-functional teams.
  • Demonstrated effectiveness in building relationships with agents and brokers.
  • Solid knowledge of insurance principles, including rates, rules, forms, procedures, regulations, coverages, and business processes.

Benefits & Perks

  • Compensation: $70,000.00 - $85,000.00 annually. Compensation may vary depending on skills, experience, education, and geographical location. In addition, an annual discretionary bonus is available.
  • Employees and their families are eligible for benefit plans including medical, dental, vision, short-term disability, long-term disability, life insurance, a health savings account, a flexible spending account, and a 401k plan.
  • Some benefits are provided at no cost to the employee, including Basic Life Insurance and AD&D, Short- and Long-term Disability coverage, and an Employee Assistance Plan.
  • Employees accrue 0.0769 hours of Paid Time Off (PTO) per paid hour, potentially totaling 20 days a year, with 10 additional paid holidays.
  • Additional perks include 12-hours of paid volunteer time annually with matching contributions up to $500 per year.

Required Skills

Customer Service
Risk Analysis
Financial Acumen
Agency Relationship Management
Workers Compensation Underwriting
Pricing and Guidelines
Production Monitoring