Director – Risk Underwriting
Posted on 3/26/2024
Justworks

1,001-5,000 employees

Payroll and benefits facilities platform
Company Overview
Justworks’ mission is to help entrepreneurs and businesses grow with confidence. The company is building software for payroll, benefits, HR, and compliance.
Data & Analytics

Company Stage

N/A

Total Funding

$160M

Founded

2012

Headquarters

New York, New York

Growth & Insights
Headcount

6 month growth

12%

1 year growth

24%

2 year growth

63%
Locations
New York, NY, USA
Experience Level
Entry
Junior
Mid
Senior
Expert
Desired Skills
Communications
Management
Data Analysis
CategoriesNew
Insurance
Risk Management
Finance & Banking
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.