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Full-Time

Director – Risk Underwriting

Posted on 3/26/2024

Justworks

Justworks

1,001-5,000 employees

Comprehensive HR and payroll platform for SMBs

Data & Analytics
Consulting
Enterprise Software
Fintech
Financial Services

Compensation Overview

$198k - $237.6kAnnually

Senior, Expert

New York, NY, USA

Category
Corporate Finance
Risk Management
Finance & Banking
Required Skills
Communications
Management
Data Analysis
Requirements
  • Minimum of 10 years of experience in risk management, with at least 5 years of experience leading a team.
  • In-depth experience with workers' compensation insurance.
  • Experience with employment practices liability, and common corporate insurance preferred.
  • In-depth knowledge of PEO operations, industry regulations, and risk management best practices.
  • Strong commitment to maintaining high ethical standards and ensuring compliance with all relevant regulations.
  • Ability to work effectively in a fast-paced, dynamic environment.
  • Strong analytical, problem solving and strategic thinking skills.
  • Expertise in designing and setting up the underwriting policy and monitoring compliance.
  • Professional certifications/designations such as Associate in Risk Management (ARM), Certified Risk Manager (CRM), or Chartered Property Casualty Underwriter (CPCU) are a plus.
  • Exceptional leadership and team management skills.
  • Excellent communication, negotiation, and client relationship management skills.
  • Bachelor's degree in Business, Risk Management, or a related field. Master's degree preferred.
  • Experience within a Professional Employer Organization (PEO), Temporary Staffing, or other similar industry
Responsibilities
  • Spearhead the development and implementation of competitive pricing models and strategic renewal approaches for workers' compensation insurance to maximize profitability and client retention.
  • Achieve business goals through development, articulation, and application of strategy, initiatives, and underwriting policy.
  • Identify, anticipate, and assess critical issues that could significantly impact financial results. Take decisive, unbiased action to address these matters, ensuring sustainable and positive financial performance.
  • Collaborate cross-functionally with the teams to assess and understand employment practices liability (EPL), corporate and financial related risks.
  • Advise customers on risk mitigation strategies and best practices. And ensure the implementation of risk management measures tailored to individual customer needs.
  • Stay abreast of industry regulations and ensure the company's compliance with relevant laws and standards. Develop and maintain policies and procedures that align with regulatory requirements. Serve as a subject matter expert on regulatory matters related to PEO operations.
  • Develop and implement training programs to enhance risk awareness among customers and members. Foster a culture of risk management and compliance throughout the organization.
  • Utilize data analytics to identify trends and potential areas of risk exposure. Prepare and present regular reports to executive leadership on the status of risk management initiatives.
  • Participate in a firm-wide enterprise risk management committee, including regular risk assessments and scenario planning.
  • People Leadership: Develop and maintain high standards for recruiting, hiring, and performance management; attract and retain world-class talent, building a high-performing organization. Cultivate an environment where people can do their best work, develop deep subject matter expertise, and grow their leadership skills.
  • Other duties as needed based on department and/or organizational needs.

Justworks provides a comprehensive platform for small businesses, offering modern, user-friendly software and 24/7 human support to simplify payroll, benefits, HR management, and compliance. The product combines a PEO's capabilities with corporate-level benefits to streamline business operations.

Company Stage

M&A

Total Funding

$160M

Headquarters

New York City, New York

Founded

2012

Growth & Insights
Headcount

6 month growth

10%

1 year growth

19%

2 year growth

47%

Benefits

Health - Believe in our vision. Medical and dental, too. Get support for your mental and financial health. Beta test new benefits and perks for our platform.

Workplace - Volunteer and get paid to give back. Take paid parental leave. Enjoy monthly team events that help turn coworkers into lifelong friends.

Wellness - Enjoy subsidized ClassPass memberships. Take advantage of regular yoga, meditation, and other wellness programming.

Perks - Be an owner, not an employee. Get time off whenever you need it. Take a sabbatical. Invest in your future financially and with professional learning and development opportunities.

INACTIVE