Offer summary

Qualifications:

Minimum of 5 years experience in an insurance organization, specifically in Workers Compensation., Demonstrated technical knowledge in underwriting and pricing for insurance policies., Ability to manage agency relationships and make sound underwriting decisions., Strong analytical skills to evaluate risks and determine appropriate pricing..

Key responsibilities:

Prepare and develop premium quotations using underwriting guidelines.

Determine underwriting eligibility and pricing for new business and renewals.

Analyze prospective accounts for insurability and make acceptance or rejection decisions.

Manage relationships with agents and ensure profitability and retention of existing business.

Job description

About CompScience

At CompScience, we're not just building software—we're saving lives. We're a high-growth startup on a mission to prevent 10 million workplace injuries through bold technological innovations, ensuring that everyone can go home safe at the end of the day.

Founded in 2019 and backed by investors from SpaceX, Tesla, and Anduril, we've assembled a powerhouse team that bridges two worlds:

Cutting-Edge Technology: Our engineering team is comprised of distinguished computer vision engineers, software architects, and data scientists from the self-driving car industry. They bring unparalleled expertise in AI and machine learning to the realm of workplace safety.
Insurance Acumen: Our insurance team comprises seasoned professionals who understand the nuances of workers' compensation policies. They work hand-in-hand with our tech experts to translate advanced analytics into tangible insurance products that truly serve our clients' needs.

Our groundbreaking perception-based risk assessment program, the first of its kind, provides the most comprehensive data stream available for risk analysis and monitoring and has proven to significantly reduce accidents in some of the world's most hazardous occupations.

About The Role

As a Production Underwriter at CompScience you will leverage groundbreaking AI-powered underwriting tools for evaluating, pricing, and underwriting workers' compensation insurance for new and renewal business. Using underwriting guidelines and industry expertise, you will determine eligibility and appropriate pricing for prospective policyholders. You will review, analyze, quote, or decline policies within a letter of authority granted by capacity partner(s) and serve as a liaison with company personnel regarding opportunities and problem resolution. You will also manage and build relationships with agents, developing new business opportunities, and ensuring profitability and retention of existing business in a designated territory.

Responsibilities

Prepares and develops premium quotations utilizing underwriting guidelines within letter of authority
Determines underwriting eligibility for prospective policyholders and develops appropriate pricing for new business, renewals, and endorsements
Analyzes and reviews prospective accounts for insurability and accepts or rejects within letter of authority
Develops and manages agency relationships
Addresses agents’ and policyholders’ concerns/needs
Responsible for development of new business, profitability and retention of existing business in a given territory

Required Experience

Minimum of 5 years experience in an insurance organization with demonstrated technical knowledge in Workers Compensation experience is required
Ability to exercise advanced judgment skills in evaluating and determining the proper pricing for prospective policyholders using underwriting guidelines by accepting or rejecting risks for the purposes of issuing workers’ compensation insurance coverage
Ability to manage agency relationships and demonstrated ability to make sound underwriting decisions
Ability to calculate expected pricing, dividends, and premium quotations for agents and policyholders
Ability to analyze territory in order to identify problems and take the appropriate corrective action

Nice-to-have

MGA Experience
Startup Experience
HubSpot Experience

Working at CompScience

Compensation: CompScience is committed to fair and equitable compensation practices. The annual salary range for this role is $96,000 – $140,000. Compensation is determined within the range based on your qualifications and experience. Our total compensation package also includes equity and comprehensive benefits.

Benefits at CompScience: