PEO Workers Compensation Underwriter

Company: Paychex
Location: East Rochester
Posted on: March 17, 2023

Job Description:

OverviewWith a high degree of accountability, reviews new business proposals to determine and evaluates prospective PEO client's degree of Workers' Compensation risk. Accepts or declines prospects for PEO Workers' Compensation insurance coverage. Audits and corrects client and employee classifications to ensure the ongoing integrity of the book of business, and partners with outside vendors and internal staff to ensure the profitable growth of Workers' Compensation revenue. Responsibilities

• Reviews PEO sales proposals to evaluate prospective clients' degree of Workers Compensation risk and accepts or rejects based on their acceptability for PEO Workers' Compensation coverage. Partners with sales and field service PEO departments to gather complete and accurate information to support underwriting decisions.
• Conducts current PEO Workers Compensation client base audits to ensure both client and worksite employee classifications are correct and updated and that proper premium collection is maintained.
• Updates underwriting procedures, policies, communications, classifications, and rates to maintain compliance with all state and federal regulations.
• Responds both accurately and timely to all information requests from PEO Workers Compensation clients, Paychex internal departments, PEO insurance/consulting vendors, and regulatory agencies to provide a high level of service accountability.
• Prepares management reports for PEO risk manager to provide information for making business decisions. Assists management in evaluating information to determine suitability of continuing individual client relationships.
• Educates sales and field service personnel to help them obtain additional client information in support of underwriting and classification decisions and to respond to regulatory inquiries when necessary.
• Trains and mentors Workers' Compensation underwriting support staff.
• Educates sales and key internal business partners to aid in understanding underwriting decisions and identify appropriate and preferred risks for the PEO.
• Partner with PEO Safety and Loss to gather complete and accurate information to support Workers Compensation.
• Other duties as assigned to support the general purpose of the position's function.Qualifications
  • Associate's Degree in CPCU, AU or IIA Insurance Designation - Preferred
  • PEO experience.
  • 3 years of experience in Insurance underwriting experience with a working knowledge of Work Comp state statutes and regulations. CompensationIn the spirit of pay transparency, we are excited to share that the starting base pay range for this position is $51,500 - $91,260 annually. Please keep in mind that this range is the base pay only and does not consider other components that make up the total rewards package for the position. If you are hired at Paychex, your overall compensation will be determined based on factors such as geographic location, skills, education, and/or experience which may result in total compensation outside of this range.

Keywords: Paychex, Rochester , PEO Workers Compensation Underwriter, Other , East Rochester, New York