Company Introduction
CompScience was founded in 2019 and is backed by investors from SpaceX, Tesla, and Anduril. CompScience boasts a distinguished team of computer vision engineers, software architects, data scientists, and executives from the self-driving car industry. Our vision is to eliminate workplace injuries and fatalities by utilizing AI-powered analytics.
We are a high growth startup at the intersection of AI and insurance on a mission to transform the landscape of workplace safety. Our revolutionary insurance products leverage cutting edge computer vision technology from self-driving cars to generate analytics that help customers operate more safely.
Our groundbreaking perception-based risk assessment program, the first of its kind, has proven to reduce the likelihood of accidents in some of the world’s most hazardous occupations. This technology has been acknowledged by industry leaders as providing the most comprehensive data stream available for risk analysis and monitoring.
Job Summary:
Develops and manages agency/broker relationships including the development of new business and retention of existing business in a territory. Reviews, analyzes, quotes or declines policies within letter of authority granted by capacity partner(s). Serve as liaison with company personnel regarding opportunities and problem resolution.
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.
- Explains and emphasizes benefits of company insurance products and services to customers.
- Works with all internal departments to resolve problems and maintain company relations.
- Participates as necessary on special committees, both internal and external to the company.
- Participates in promotional plans for both company and agent activities
- Analyzes and reviews production and loss information for agents, determines exposure and proper pricing to develop corrective action plans as needed to correct poor performance. .
- Prepares periodic reports as requested.
- Manages territory under close supervision.
- Researches and coordinates responses to agents, policyholders and regulatory entities.
- Appoints and trains new agents and new agency employees on the use of company specific systems and processes.
- Reviews loss trends and develops action plans to correct problem areas.
- Gathers competitive and product information as needed.
- Represents company at trade associations and exhibits to promote company products.
- Conducts periodic agency audits.
Requirements:
- A minimum of five years experience in an insurance organization with demonstrated technical knowledge in one or more of the following areas: underwriting, marketing, loss prevention, auditing or similar knowledge that provide the necessary skills and abilities. Workers compensation or P&C insurance experience 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.
- Advanced knowledge of appropriate jurisdictional workers compensation laws.
- 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.
- Ability to comprehend the consequences of various problem situations and address them or refer them for appropriate decision making.
- Ability to effectively exchange information clearly and concisely, and present ideas, reports, facts and other information, and respond to questions as appropriate.
- Ability to be innovative and creative when presented with unique situations.
- Excellent verbal and written communication skills with the ability to effectively communicate with agents, policyholders and internal customers.
- Ability to analyze and solve practical problems which deal with a variety of variables.
- Ability to make competent, independent decisions.
- Ability to analyze and manage data.
- Ability to meet customers’ changing needs.
- Excellent time management and organizational skills with the ability to shift priorities appropriately.
- Ability to understand and implement audit procedures and processes for agencies.
- Knowledge of occupational classification codes, loss ratios, claims histories, retention plan, scheduled rating related to workers compensation.
- Ability to communicate our value proposition to external parties.
Education & Certifications:
- Bachelor’s degree in marketing, insurance or related field. Combinations of relevant education and experience may be considered in lieu of a degree. Certification, or progress toward, CPCU or other recognized insurance designation is highly preferred and encouraged. MBA or other advanced degree is preferred.
Additional Information:
This job requires a willingness to travel occasionally for meetings, training, and industry events.
CompScience is an equal opportunity employer. We are a welcoming place for everyone, and we do our best to make sure all people feel supported and connected at work.
