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Senior Underwriter - Experience with Medical Stop Loss

Company:
Global Recruiters of Richmond (GRN)
Location:
Philadelphia, PA
Posted:
May 01, 2024
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Description:

This role is considered a Senior Underwriter and will work some production as well as mentor and coach less experienced UW in Medical Stop Loss. This role will provide technical expertise in evaluating new business and renewals, providing quotes which reflect the risk profile of the account as well as the goals of the company.

The successful candidate has demonstrable experience in all funding mechanisms, a good understanding of the self-funding market, and a track record of balancing creative thinking with strong business judgement and analytical skills. Need at least 5 years in Medical Stop Loss, some familiarity with PBM is preferred.

We are seeking an individual with deep experience and a strong passion for collaborating, influencing, and leading others who will thrive is a fast growing firm.

Duties & Responsibilities:

• This is a production role and as a Senior will also help oversee production levels to ensure timely and accurate completion of renewals and proposals.

• Complete larger and more complex renewals and new business proposals.

• Review renewal and new business proposals to ensure that quoted business is in line with company objectives, goals, and solutions.

• Develop relationships with key constituents and decision makers based on trust and credibility to enhance influence on risk management and pricing decisions.

• Provide solid and persuasive arguments to move Sales and external audiences toward appropriate risk solutions.

• Enhance department influence by negotiating workable solutions, meeting deadlines, and providing responsive service.

• Lead departmental efforts in areas such as, but not limited to, pricing policy, departmental policies and procedures, product development, interdepartmental processes, and corporate projects.

• Conduct periodic internal reviews to maintain compliant rates, controls, and processes.

• Mentor and train less experienced underwriters

Qualifications:

• 5+ years of underwriting experience with progressive responsibilities including Medical stop loss plans from either a Broker or Carrier perspective.

• Experience underwriting self-funded plans, with level-funded exposure a plus.

• General knowledge and understanding of self-funded and fully insured markets, including experience understanding and interpreting claim reporting from various external sources.

• Develop and execute creative solutions to unique risk characteristics; an ability to balance judgement, analytical skills, and creative thinking.

• A good communicator: collaborating with Sales and other key constituents to drive successful outcomes.

• Ability to recognize and drive process improvement.

• Prior experience helping to mentor and train less experienced underwriters.

• Exposure to the Ugan underwriting system and Salesforce a plus.

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