Senior Risk Underwriter

Summary

Join Deel, a leading global payroll and HR platform, as a Senior Risk Underwriter specializing in Workers' Compensation. You will play a crucial role in evaluating workers' compensation risks for clients in the PEO industry, preparing underwriting packages, and ensuring compliance with regulations. This position requires a strong understanding of workers' compensation insurance, the PEO model, and the ability to assess complex risk profiles. You will collaborate with carriers, brokers, agents, and internal teams to ensure accurate underwriting decisions and setup aligned with company objectives.

Requirements

• 5+ years of experience in workers’ compensation risk and underwriting, preferably within a PEO, insurance company, or a global HR services organization
• Strong understanding of workers’ compensation, OSHA reporting and regulations, claims reporting procedures, return to work management
• Experience in client-facing roles, with strong communication and interpersonal skills
• Analytical mindset with a keen attention to detail
• Ability to thrive in a fast-paced, dynamic environment with changing priorities

Responsibilities

• Underwriting Submission: Prepare and submit comprehensive underwriting packages to insurance carriers for workers’ compensation coverage for PEO clients.  Collect and organize necessary documentation, including client safety records, payroll information, claim history, and workers' comp class codes, ensuring that all data is complete and accurate before submission
• Class Code Accuracy: Review and ensure that workers' compensation codes (class codes) are accurately assigned based on client business operations, job classifications, and payroll details. Work with internal teams to resolve any issues or discrepancies regarding class code assignments to ensure compliance with carrier guidelines and accurate pricing
• Compliance and Documentation: Ensure compliance with all applicable regulations, including local, state, and international labor laws, while maintaining accurate and up-to-date records of claims and resolutions
• Reporting and Analysis: Prepare and audit new workers’ compensation submissions to ensure accurate new client binding. Review and address issues related to employee classification, payroll, and risk exposure, ensuring the underwriting process is seamless
• Day-to-Day Employee Underwriting: Manage and oversee the daily employee underwriting process, ensuring all new employee data, payroll details, and job classifications are correctly entered into the system. Work with internal teams to ensure accurate risk profiling for new employees and ensure proper classification codes are applied
• Issue Resolution: Investigate and resolve payroll-related issues that may impact workers' compensation underwriting, including discrepancies in employee classifications, payroll data, and rate adjustments. Serve as the point of contact for internal teams regarding underwriting discrepancies and work closely with Deel departments to ensure accuracy and compliance
• Cross-Functional Collaboration: Work closely with the sales, implementation, and payroll teams to ensure smooth risk underwriting and accurate information sharing across Deel’s PEO platform
• Process Optimization: Continuously assess and improve the claims administration process, leveraging Deel’s platform capabilities and integrating with external systems where necessary

Preferred Qualifications

Deep working knowledge of PrismHR configuration and troubleshooting from a workers’ comp perspective strongly preferred

Benefits

• Stock grant opportunities dependent on your role, employment status and location
• Additional perks and benefits based on your employment status and country
• The flexibility of remote work, including optional WeWork access