Underwriter jobs in New York

About us

Since 1936, Lovell Safety Management has been the leader in the NYS workers’ compensation safety group insurance market. Known for our excellence in service, our staff makes the complex easy for our broker partners and customers. Lovell’s teams of underwriters, safety, and claims professionals give businesses access to the expertise they need to control their NYS workers’ compensation costs. Lovell professionals manage claim outcomes and reduce the potential for future injuries, resulting in premium savings..

Our work environment includes:

• Modern office setting
• Food provided
• Modern office setting
• Work-from-home days
• Growth opportunities

We are seeking a detail-oriented Underwriter to join our team. The ideal candidate will Underwrite Workers’ Compensation insurance applications by analyzing risk for acceptance, rejection, or need for further evaluation by comparing exposure analysis (classification, business characteristics, inspection reports, actuarial analysis, financial standing and loss experience) to company underwriting guidelines.

• Work daily with the NYSIF, New York Compensation Insurance Rating Board, and Workers’ Comp Board and assist policyholders in facilitating annual audits to ensure that proper classifications have been used and that proper payroll included is correct.
• Prepare premium indications/quotes by rating risks based on class fit and business characteristics and evaluate Loss Control Reports. Recommend corrective actions and monitor progress if needed.
• Provide oversight and assistance on the details of coverage, manual rates, job categories/classifications, and experience ratings, along with many other aspects of policyholder’s coverage.
• Determine acceptability of workers’ compensation risks by reviewing, evaluating and rating submissions as well as build/maintain independent insurance agency relationships, monitor production and loss ratios.

We encourage you to apply if you have WC Auditing background

**Responsibilities:**

- Review new business accounts to verify accuracy of estimated premium, confirm all coverages being applied for all entities as requested on quote request. Verify that all necessary forms have been received and submitted to the carrier (ex: executive officer exclusion forms, ERM-14 ownership documents)

- Review renewal policies to verify the proper manual rates, experience rating, classifications, and estimated payrolls.

- Assist clients (policyholders and brokers) with audit disputes such as but not limited to, reallocation of payroll, subcontractor coverage, misclassifications, and recalculations of premium in disputes. Interacting with the client, accountant, broker, NYSIF and NYCIRB as needed.

- Respond to customer billing and premium inquiries. Must possess excellent knowledge of WC premium factors, understand how premium is calculated and be able it and changes to clients.

- Understand how to quote WC new business and provide premium comparisons for existing business as required.

- Analyze, review, and calculate customer’s experience rating modifications.

- Immediately respond to clients and brokers regarding all inquiries pertaining to current and cancelled policies.

- In conjunction with the State Insurance Fund, assist with obtaining various coverages, accurate billing of estimated premiums, audits (record keeping guidance on preparing for NYSIF carrier audits, re-audits, NYCCPAP applications and renewal of policies.

- Utilize financial modeling to determine risk levels

- Conduct portfolio management activities

- Collaborate with various departments to ensure compliance with regulations

- Implement fraud prevention and detection measures

- Provide technical accounting support for underwriting decisions

**Qualifications:**

- Bachelor's degree in Finance, Accounting, or related field.

- Proven experience in WC Underwriting/Auditing or related financial roles

- Knowledge of risk analysis and financial concepts

- Strong analytical skills with attention to detail

- Ability to work independently and as part of a team

- Excellent communication and interpersonal abilities

If you possess the required qualifications and are eager to contribute your expertise in underwriting, we welcome your application.

Job Type: Full-time

Pay: $70,000.00 - $85,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift

Experience:

• Workers' compensation: 3 years (Required)
• Underwriting: 1 year (Required)

Ability to Commute:

• New York, NY 10007 (Required)

Ability to Relocate:

• New York, NY 10007: Relocate before starting work (Required)

Work Location: Hybrid remote in New York, NY 10007