About PRISM

Sr. Underwriting Analyst

Date Posted: 1/12/2017

Employer: EIA

Salary Range: $5,985 - $8,678 per month

Contact: Allison Bateman

Phone: 9168507300

Website: https://www.csac-eia.org

Closing Date: 1/27/2017

One of the CSAC EIA’s greatest assets is its staff. EIA employees are smart, creative, hard working, and passionate individuals working in areas ranging from loss prevention, claims administration, employee benefits, information technology, accounting, and risk pool administration.  Working here requires energy, commitment, and teamwork. At the same time, we offer a great work environment built upon our Core Values of People, Families, Trust, Integrity, and Growth.  We are looking for an individual who shares these values to join the EIA team.

About CSAC Excess Insurance Authority

The EIA is a joint powers authority of California public entities, which was established in 1979 to provide insurance and risk management services to California’s counties. Since then, our membership has expanded beyond the counties to include numerous other public agencies such as cities, schools, joint powers authorities, fire districts, etc. 

The EIA operates various risk-sharing pools, which provide insurance and risk management services to its members for lines of business including workers’ compensation, general liability, property, medical malpractice, and employee benefits. 

About the Position

The Senior Underwriting Analyst will, under direction of the Underwriting Manager, provide technical and analytical support to the CSAC Excess Insurance Authority’s management, members, staff, and other personnel conducting business with the Authority.  This is a fast-paced position for someone who has an affinity for math and analytics. The Senior Underwriting Analyst is accountable for the allocation of premiums amongst members.  They will be responsible for the analysis of underwriting and renewal data; analysis of actuarial and rate setting information; analysis of prospective members; analysis of proposed reinsurance terms; generation of statistical and narrative reports; maintenance of insurance policies and records; and related work as required.  Some travel may be required.

Ideal Candidate

The ideal candidate will have a working knowledge of risk management and insurance pools, with a background in claims, finance, underwriting, or pool administration. They will have strong analytical abilities and advanced skills using Microsoft Excel. The ideal Senior Underwriting Analyst will have a general understanding of claims administration, how coverage is determined, setting of claim reserves and making payments, and how these factor into the underwriting and rate setting of new and renewal business.  The ideal candidate will also have a general understanding of basic actuarial concepts as they relate to rate setting, incurred but not reported (IBNR) reserves, confidence levels, discount factors, outstanding liabilities, etc.  Lack of experience in these areas does not necessarily disqualify a candidate from the position as the EIA has educational programs to help our employees receive any necessary training.  While this position is more technical in nature and requires attention to detail, it also requires the Senior Underwriting Analyst to have good communication and presentation skills. They will have a service-oriented disposition and a strong interest in being part of a team and collaborating with others.  An Associate in Risk Management (ARM), Associate Risk Management for Public Entities (ARM-P) or Chartered Property Casualty Underwriter (CPCU) designation is desireable.

Minimum Qualifications

The ideal candidate will have a Bachelor’s Degree and at least two to five years of increasingly responsible work in a related role, such as finance, accounting or business analytics;  or an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job.  Our ideal candidate will have:

  • Knowledge of insurance and risk management principles and methodologies.
  • Knowledge of analytical methods and techniques.
  • Knowledge and ability to write moderately complex mathematical formulas and equations.
  • Moderate to advanced knowledge and working experience in Microsoft Office suite, especially with knowledge of advanced functions, formulas and features in Excel. Candidates should be familiar and comfortable developing and working with Vlookups, pivot tables, logical formulas, and basic statistical formulas.
  • Strong organizational and time-management skills, with the ability to multi-task and juggle competing projects and deadlines.
  • Good communication skills, both verbally and in writing.
  • Good presentation skills and can adjust for both in person and webcast environments.
  • The ability to conduct research, analysis, interpret information, and make sound recommendations.
  • The ability to establish and maintain effective working relationships and good public relations with other employees, agencies, members, and the public.

Other Job Responsibilities include:

  • Maintain and update premium allocation budgeting models throughout the fiscal year with loss, exposure, and rate data.
  • Analyze and underwrite prospective pool members.
  • Prepare analysis and staff reports for committee meetings.
  • Prepare quarterly budget estimate reports for all program members using Excel, Access, or other database & reporting tools.
  • Provide the Finance department with all annual renewal billing information.
  • Analyze renewal data, including member exposure and losses.
  • Perform ad hoc analysis for pool members.
  • Provide analysis of program structures and reinsurance terms to guide management and committee decisions.
  • Present at committee meetings and informational webinars.
  • Maintain policies and insurance records.
  • Regularly work with, communicate, and coordinate projects with other departments as well with external service team and brokers.

Physical Requirements

Physical requirements of this position typically include:  reaching, fingering, grasping, talking, hearing, seeing, repetitive motions, exerting up to 50 pounds of force occasionally and/or 20 pounds of force frequently and/or up to 10 pounds constantly to move objects.  Some travel may be required.

Licensing Requirements

A valid California Driver’s license is required.  Proof of auto insurance with no exclusion for business use is required.

Working for the EIA

Culture

As the largest property and casualty pool in the nation, the pace at the EIA is fast, the work is fun, and there are interesting challenges every day.  No matter what we do, there are certain values and practices that unite us and make the EIA a special place to work.  Some of the essential traits that define the EIA’s culture are:

  • People are the most valuable asset to our organization.
  • Families are very important and are given consideration.
  • Employees are trusted to be productive and encouraged to share ideas freely with each other and the group.
  • Employees are honest and ethical, and they do their best to do the right thing for each other and our members.
  • Everyone encourages each other to learn and strive for personal and professional development.

Benefits

A generous benefit package is provided including Public Employees Retirement System (PERS); a Section 125 Cafeteria Plan with a generous allowance from which coverage may be provided for the employee and their dependents for health, dental and vision insurances; long-term disability and short-term disability insurance; life insurance; optional deferred compensation program; and sick and vacation leaves.  As a PERS participant, EIA employees are exempt from paying Social Security except for the Medicare portion of the cost.

Salary

The EIA strives to compensate its employees within very competitive salary ranges. The hiring salary range for this position is $5,985 - $8,678 per month.  Salary is depended on experience and qualification.

Application Procedure

Interested persons must submit a resume and a completed application to the Human Resources Manager at CSAC Excess Insurance Authority by Friday, January 27, 2017.  Please submit the entire application packet to abateman@csac-eia.org

Job Application