Bachelor’s Degree in Business Administration, Accounting, Finance, or a related field.
5 years of relevant underwriting experience, especially in Medical Stop Loss Underwriting.
Preferred progress towards CEBS, FLMI, or CLU certification(s).
Strong written and verbal communication skills with emphasis on confidentiality and diplomacy.
Advanced analytical and organizational skills with ability to manage multiple tasks efficiently.
Responsibilities
Make underwriting decisions to safeguard company financial assets and evaluate risk acceptability.
Meet annual company objectives for profitability, retention, and customer satisfaction.
Collaborate with Sales to follow up on underwriting quotes and proposals.
Communicate with external partners to address inquiries and manage relationships effectively.
Complete RFP requests promptly and track competitive landscape for proposals.
Train and mentor junior underwriters and other team members as required.
Participate in leadership and growth initiatives when presented.
Benefits
Comprehensive medical, vision, and dental insurance from day one.
Robust learning culture with ongoing development opportunities.
401(k) plan offering 6% company match.
Generous PTO policy including 20 days of PTO and 11 paid holidays.
Access to wellness programs including mental health services and fitness memberships.
Full Job Description
Role Overview Makes underwriting recommendations and decisions to protect the financial assets of the company and the carrier. Reviews proposal requests to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Establishes, maintains, and develops producer relationships. Works with expanded underwriting authority and business development responsibility. Key Responsibilities
Key Responsibilities
Meet annual company goals for profitability, renewal retention, revenue growth, new business production and customer service standards.
Evaluate risk acceptability within established guidelines and set appropriate rates and factor levels.
Analyze proposed plan changes to acceptability and cost.
Work in conjunction with the Sales department to follow-up on quoted cases.
Communicate with third-party administrators, brokers, and other external parties to collaborate on strategy, answer questions, explain decisions, deal with issues, build and maintain productive relationships, and respond appropriately and in a timely manner to service requests.
Work collaboratively with management, internal departments, and other parties as necessary to respond to customer needs and deliver exceptional customer experiences.
Complete requests for proposals (RFPs) promptly and follow-up for status and competitive information.
Train and mentor Underwriters, and other internal and external personnel as assigned.
Ability to travel to visit external and internal for growth and business development as needed.
Ability to successfully participate in and complete projects and other activities as assigned.
Ability and ambition to participate in leadership and growth programs when assigned/nominated
What You Bring
4 Year / Bachelors Degree Business Administration, Accounting, Finance, a related field, or the equivalent education and/or experience
Prefer work towards Certified Employee Benefits Specialist (CEBS), Fellow of the Life Management Institute (FLMI), or Chartered Life Underwriter (CLU) certification(s)
5 Years relevant and progressive professional experience
Demonstrated expertise, knowledge, and proficiency in Medical Stop Loss Underwriting.
Demonstrates strategic thinking, anticipation, proactivity, and relationship building skills.
Ability to read and interpret documents such as plan of benefits, bid specifications, claim reports, and procedural manuals.
Possess and have ability to apply knowledge of principles, practices, and procedures.
Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy.
Strong critical thinking and negotiating skills.
Advanced organization and analytical skills; demonstrated ability to manage multiple tasks simultaneously and work effectively under time pressure.
Knowledge of insurance industry and Company's business.
Intermediate proficiency and experience using Microsoft Office package (Excel, PowerPoint, Word, Outlook, Teams, etc.).
Collaboration skills and ability to work in a highly team-oriented environment.
Adaptability and willingness to learn.
Strong organizational skillset.
Preferred: previous knowledge and experience using Young Consulting's ESLOffice or equivalent.
Preferred: basic knowledge of medical terminology.
Additional Working Conditions and Physical Demands
Overtime hours may be required to fulfill job responsibilities
May be required to remain stationary for extended periods of time
May be required to move up to 10 pounds
Must be able to operate a computer and other devices
Close vision and ability to adjust focus, such as required to read a computer screen
occasional travel up to 10% of the time
What We Offer
Competitive salary and comprehensive benefit package
Strong learning culture with ongoing development opportunities
Opportunities for growth and career advancement
Comprehensive medical, vision, and dental coverage, with eligibility beginning on your first day of employment
Basic life and disability insurance
401(k) plan with 6% company match
20 days of PTO, two floating holidays, approximately 11 paid holidays, and volunteer time off
Paid parental leave
Access to our award-winning wellness program, including mental health services, fitness network membership, and a complimentary Headspace subscription
Student loan matching program
Employee discount program
An opportunity to do meaningful work and love what you do
The pay range for this position is $79,400-175,300 which includes geographic adjustments, where applicable. The pay range is the range THMCC, in good faith, believes is the range of compensation for this role at the time of this posting. The hired applicant will be offered pay within the entire range based on the candidate's geographic location, qualifications, work experience, education, and/or skill level. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws.
