Senior Underwriter-Captives

Tokio Marine HCC – A&H Group; Wakefield; Hybrid; USD 59,000 - 87,000; Full time

Job summary

An established industry player is seeking a Senior Underwriter for their Captives division. This role involves making underwriting decisions, evaluating risks, and maintaining producer relationships. With a focus on Medical Stop Loss insurance, you will play a vital role in protecting employers from catastrophic claims. Join a dynamic team that values integrity and innovation, and enjoy a hybrid work schedule with a competitive salary and benefits package. If you're ready to make a difference in the specialty insurance sector, this opportunity is perfect for you.

Benefits

Generous paid time off (PTO)

401(k) Retirement Plan with 6% company match

Health and dental insurance

Company-provided long-term disability insurance

Opportunities for advancement

Flexible work schedules

Paid Parental Leave

Volunteer Time Off

Casual dress

Free parking

Qualifications

• Minimum 4 Year / Bachelor's Degree in a related field.
• 5 Years relevant and progressive professional experience required.

Responsibilities

• Evaluate risk acceptability and set appropriate rates.
• Communicate with third-party administrators and brokers.
• Train and mentor Underwriters and other personnel.

Skills

Medical Stop Loss Underwriting

Strategic Thinking

Relationship Building

Analytical Skills

Negotiating Skills

Communication Skills

Education

Bachelor's Degree in Business Administration

5 Years Relevant Experience

Tools

Microsoft Office

Young Consulting’s ESLOffice

Job description

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Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry, today offering over 100 products to commercial customers in 180 countries around the world. Organic growth and over 60 successful acquisitions have grown our 2022 Gross Written Premium (GWP) to $5 Billion. Our workforce has grown to 4,300 worldwide … big, but not so big that you cannot make a difference. Our Good Company values, including integrity, empowerment, and commitment to customer service, and a culture of innovation, communication, and collaboration make TMHCC a great place to work.

TMHCC Stop Loss, a $2 Billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk.

• This role is hybrid *
  
  

Position Summary

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. This position has expanded underwriting authority and business development responsibility.

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.
• Meet annual company goals for profitability, renewal retention, revenue growth, and new business production.
• Analyze proposed plan changes to acceptability and cost.
• Work in conjunction with the Marketing department to follow-up on quoted cases.
• Communicate and collaborate with third-party administrators, brokers, and other external parties to answer questions, explain decisions, deal with problems, 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 occasionally travel to visit external and internal parties as needed.
• Ability to successfully participate in and complete projects and other activities as assigned.
• Other duties as assigned
  
  

Education, Experience & Knowledge

• Minimum 4 Year / Bachelors Degree Business Administration, Accounting, Finance, a related field, or the equivalent education and/or experience
• 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.
• Preferred: Prefer work towards Certified Employee Benefits Specialist (CEBS), Fellow of the Life Management Institute (FLMI), or Chartered Life Underwriter (CLU) certification(s).
  
  

Tokio Marine offers a competitive salary and benefits package, including:

• Generous paid time off (PTO), 12 paid company holidays,
• 401(k) Retirement Plan with 6% company match.
• Health and dental insurance, and vision plan available.
• Company-provided long-term disability and life insurance.
• Opportunities for advancement in a successful and growing organization.
• Flexible work schedules and a great work/life balance.
• Paid Parental Leave.
• Volunteer Time Off.
• Enjoy casual dress and work in a modern, comfortable office with free parking.
• Hybrid work schedule
  
  

The Tokio Marine HCC Group of Companies offers a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of Companies is an equal-opportunity employer. Please visit www.tmhcc.com for more information about our companies.

#stoploss1

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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