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Underwriter III at CompSource Mutual Insurance

Posted in Insurance 30+ days ago.

Type: Full-Time
Location: Oklahoma City, Oklahoma





Job Description:

An Underwriter III analyzes, negotiates and prices workers’ compensation exposures on new and existing businesses in compliance with company underwriting and pricing. At this level, the incumbent is responsible for larger and more complex accounts with increased levels of loss severity. The ideal candidate will excel in decision making and data gathering and analysis. 

In this role, you will:

• Be responsible for profitability, growth, and retention of an assigned book of business in support of company goals and objectives by independently managing all account activities for routine to complex, high exposure accounts.
• Analyze worker's compensation accounts to make decisions based on individual risk characteristics, exposure analysis, hazard recognition and controls. 
• Within delegated authority levels, accept or modify new and renewal business to ensure a profitable book of business.
• Build and develop ongoing relationships with individual insureds or agents to discuss market appetite, quality, and profitability of submissions, service standards and underwriting and/or product changes. 
• Educate insureds or agents about Company products, services, and underwriting philosophy.
• Assist less experienced underwriters in the analysis and pricing of high hazard or more complex accounts.

Education & Experience

• High school diploma or GED required.
• Bachelor’s degree or CPCU preferred.
• 4 years of business office experience. Insurance industry experience preferred. Advanced education may be considered in lieu of work experience.
• 2 additional years of professional-level experience underwriting property and casualty insurance required. Worker’s compensation insurance underwriting experience strongly preferred.
• Ability to obtain Oklahoma issued Property and Casualty Producer license


  • Required for Direct Team Underwriters

  • Required for Agent Team Underwriters

Other Requirements

This position requires the physical ability to perform extensive repetitive motions in using a computer and the routine use of other office equipment. Work is typically performed while sitting and does not require heavy lifting.

Why Should You Apply?

CompSource Mutual offers competitive compensation and comprehensive benefits package, including:


  • Medical, Dental, Vision, Life and AD&D Insurance at minimal cost

  • Company Match 401(k) Plan for employees who elect to participate

  • Personal time off (PTO), wellness leave, parental leave, and volunteer leave

  • Incentive program

About Us
For more than 80 years, CompSource Mutual has specialized in one thing - providing workers’ compensation in Oklahoma. We are successful because of our employees who are subject matter experts that provide excellent customer care and contribute back to our communities. More highlights:


  • 2019 Company of the Year awarded by the Independent Insurance Agents of Oklahoma

  • 5th consecutive recognition in 2020 as one of the Best Places to Work in Oklahoma

  • 4th consecutive recognition in 2020 as a Certified Healthy Oklahoma Workplace

  • 2nd year recognition in 2020 as an Oklahoma Certified Family Positive Workplace

An Equal Opportunity Employer





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