Berkley

Senior Stop Loss Underwriter

Berkley$90K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree or equivalent experience
  • 5+ years of progressive Stop Loss Underwriting experience
  • Understanding of stop loss market dynamics and risk management strategies
  • Strong skills in math, communication, and negotiation
  • Proficiency in Microsoft Word, Excel, and Outlook
  • Ability to build positive relationships across operational areas and management

Responsibilities

  • Write and retain profitable stop loss cases within assigned authority
  • Collaborate with clinical underwriting staff on risk premium establishment
  • Develop relationships with production sources and sales teams
  • Document underwriting processes and authority reviews accurately

Benefits

  • Culture of innovation and teamwork
  • Internal mobility opportunities
  • Visibility to senior leaders and cross-functional teams
  • Competitive compensation and paid time off
  • Comprehensive wellness benefits and employer funded health savings account
  • Profit sharing, 401k, and paid parental leave
  • Tuition assistance and professional continuing education opportunities
Full Job Description
Responsibilities

This position can either be fully remote (if not within commutable distance to the office) or based in one of our offices:
  • Hamilton Square, NJ
  • Marlborough, MA
  • West Hartford, CT
  • Harleysville, PA

Our offices offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.

As a Sr. Stop Loss Underwriter, we'll trust you to seek profitable growth of the company's portfolio of stop loss business by analyzing and selecting risks based on qualified underwriting criteria that adhere to the company's established underwriting guidelines. This position will work cross-functionally with clinical, actuarial, claims and distribution to carry through new and renewal business strategies in a professional and thoughtful manner.

What you can expect:
  • Culture of innovation, teamwork, supportive colleagues and leaders willing to invest in talent
  • Internal mobility opportunities
  • Visibility to senior leaders and partnership with cross functional teams
  • Opportunity to impact change
  • Benefits - competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education

We'll count on you to:
  • Write and retain profitable stop loss cases adhering to the company's guidelines and within assigned letter of authority
  • Work collaboratively with clinical underwriting staff to ensure adequate risk premium is established based on known, ongoing claimants
  • Develop and maintain successful relationships with target production sources within assigned programs, as well as with BAH Sales and Account Management
  • Accurately document underwriting thought process and authority reviews through company journal and filing system


Qualifications

What you need to have:
  • Bachelor's Degree or equivalent experience
  • 5+ years of progressive Stop Loss Underwriting experience or equivalent combination of education and experience
  • An understanding of stop loss market dynamics, risk management strategies, and a strong desire to stay ahead of emerging risks in the market
  • Confidence and a developed skillset in the areas of math, communication and negotiation
  • Proficiency in Microsoft applications including Word, Excel and Outlook
  • Establish and maintain positive working relationships with all operational areas, management and staff to further the company's mission

What makes you stand out:
  • Experience with David Young System
  • Strong consulting and interpersonal skills with an ability to interact with brokers, clients and service vendors.
  • Strong time management skills and self-discipline to effectively manage a large case load volume during peak production cycles.


Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:
• Base Salary Range: $90,000 - $120,000
• Eligible to participate in annual discretionary bonus.
• Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship Details

Sponsorship not Offered for this Role

About Berkley

Berkley is a packaging company that develops innovative solutions to help our customers sell more product and be on the edge. Berkley offers the cost advantages and creative control of an in house/on site agency without the risk and hassle of oversight. Berkley develops turnkey retail environments – including design, manufacturing and installation services.

Berkley Careers

Joining Berkley presents a prime opportunity to be part of a team renowned for its leadership in the industry, fostering innovation and growth. Berkley, a company committed to professional excellence and diversity, offers a range of job opportunities that cater to various skills and career aspirations.

Explore Job Opportunities

Berkley is actively hiring, seeking individuals who are passionate, driven, and ready to contribute to a dynamic team environment. With a variety of positions available, Berkley provides a platform for professionals at every stage of their career, from entry-level to senior leadership roles.

Internship Programs

Kickstart a career with Berkley through comprehensive internship programs designed to provide hands-on experience in a real-world setting. Internships at Berkley are a gateway to full-time employment, offering invaluable industry exposure and networking opportunities.

Professional Growth and Development

Berkley is dedicated to the continuous professional development of its team members. The company supports career advancement through leadership training programs, workshops, and seminars that enhance skills and foster innovation.

Diversity and Inclusion

At Berkley, diversity is celebrated and actively promoted through various initiatives and diversity training programs. The company believes that a diverse workforce is key to driving creativity and innovation.

Benefits and Culture

Employees at Berkley enjoy a range of benefits designed to support their professional and personal lives. The company culture emphasizes teamwork, respect, and integrity, creating an environment where everyone can thrive.

Applying for a Position

To apply for a position at Berkley, candidates are encouraged to submit a resume that highlights relevant experience and skills. The interview process is designed to assess not only professional qualifications but also a candidate's fit with Berkley's culture and values.

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Learn more about Berkley
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51 employees
Industry

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