Senior Corporate Underwriter

HCC Service Company, Inc.; Massachusetts; Hybrid; USD 88,900 - 196,300; Full time

Benefits offered by this job

Competitive salary

Comprehensive health coverage

401(k) with company match

PTO and holidays

Parental leave

Wellness program

Employee discount

Job summary

Tokio Marine HCC is seeking an experienced Underwriter to review high-dollar proposals and guide regional teams. Under minimal supervision, you will assess risk, set rates, and ensure decisions protect the company’s financial assets.

This role requires a bachelor’s degree, 8+ years underwriting experience (stop-loss preferred), strong communication, and advanced MS Office skills. You’ll help train staff and maintain underwriting manuals while upholding strict confidentiality.

Qualifications

• 4-year bachelor’s degree or equivalent education/experience.
• 8 years of relevant and progressive underwriting experience.
• Management experience preferred in stop loss underwriting.
• Advanced knowledge of underwriting principles, practices, and procedures.
• Excellent written and verbal communications with confidentiality and diplomacy.
• Advanced proficiency with Microsoft Office (Excel, Access, PowerPoint, Word).

Responsibilities

• Evaluate risk acceptability within corporate guidelines and set rates/factor levels.
• Audit quotations, new business and renewals for guideline compliance.
• Audit cases with aggregate claims per corporate guidelines.
• Direct day-to-day underwriting of regional teams and review discretion levels.
• Educate and train colleagues in underwriting duties and responsibilities.
• Develop and maintain Underwriting Manual guidelines and practices.

Skills

Underwriting knowledge

Risk assessment

Analytical skills

MS Office

Communication skills

Education

Bachelor’s degree in Business Administration, Accounting, Finance, a related field, or the equivalent education and/or experience

Job description

Role Overview

Under minimal supervision, reviews underwriting proposals for high-dollar volume recommendations that are developed in the regional offices. Ensures that underwriting recommendations and decisions are effective and appropriate for the protection of the financial assets of the company and the carrier

Key Responsibilities

• Evaluate risk acceptability within established corporate guidelines and set appropriate rates and factor levels.
• Perform audits on a percentage of all quotations, new business and renewal cases produced by each region to insure compliance with underwriting guidelines.
• Perform audits on cases with aggregate claims in excess of determined percentage as established in corporate guidelines.
• May direct the day-to-day underwriting of the underwriters on regional teams. This includes, but is not limited to reviewing and signing-off on underwriter discretion level, acting as a resource for underwriting questions, and managing the work flow.
• Educating and training colleagues and team members in the duties and responsibilities of strong underwriting practices.
• Develops and maintains department guidelines contained in Underwriting Manual as well as maintains overall product of Underwriting Manual.

What You Bring

• 4 Year / Bachelors Degree in Business Administration, Accounting, Finance, a related field, or the equivalent education and/or experience
• 8 Years Relevant and progressive experience
• Management experience preferred in Stop Loss underwriting
• Possess and have ability to apply advanced knowledge of principles, practices, and procedures
• Excellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacy
• Superior organizational and analytical skills; demonstrated ability to manage multiple tasks/projects simultaneously
• Knowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment
• Advanced proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)

W hat 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 $88.900-$196,300, 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.

The Company will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable federal, state and local laws, such as the Violent Crime Control and Law Enforcement Act of 1994 (18 USC § 1033(e)) (the “VCCLEA”), which restricts financial institutions and insurers such a TMHCC from employing individuals with certain types of criminal convictions. Where the hiring and employment of individuals is not restricted by the foregoing, the Company will consider qualified applicants with arrest or conviction history in compliance with applicable law such as the California Fair Chance Act, the Los Angeles Fair Chance Initiative for Hiring Ordinance, the Los Angeles County Fair Chance Ordinance, the San Diego Fair Chance Ordinance, and the San Francisco Fair Chance Ordinance. As an insurance company, we comply with certain federal, state and local laws such as the Violent Crime Control and Law Enforcement Act of 1994 (18 USC § 1033(e)), which restricts our ability to employ individuals with certain types of criminal convictions. Where not restricted by law and for criminal history not covered by this law, the Company will consider qualified applicants with arrest or conviction history in compliance with applicable law. You do not need to disclose your criminal history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if the Company is concerned about a conviction that is directly related to the job, you will be given the chance to explain the circumstances surrounding the conviction or challenge the accuracy of the background report. The Company will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable federal, state and local laws, such as the Violent Crime Control and Law Enforcement Act of 1994 (18 USC § 1033(e)) (the “VCCLEA”), which restricts financial institutions and insurers such as TMHCC from employing individuals with certain types of criminal convictions. Where the hiring and employment of individuals is not restricted by the foregoing, the Company will consider qualified applicants with arrest or conviction history in compliance with applicable law such as the California Fair Chance Act, the Los Angeles Fair Chance Initiative for Hiring Ordinance, the Los Angeles County Fair Chance Ordinance, the San Diego Fair Chance Ordinance, and the San Francisco Fair Chance Ordinance.

About Us

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Europe, and other exciting locations. With the strength and stability that comes from being a member of the Tokio Marine Group, and more than fifty years of growth, profitability, and stability, we offer important insurance products that most people don’t even know exist. Every policy we write is special, enabling our clients to do amazing things. For over 50 years, HCC Life Insurance Company, operating as Tokio Marine HCC – A&H Group, has been at the forefront of medical stop loss insurance. In addition to traditional stop loss, we offer captive and Taft-Hartley stop loss solutions, level funded stop loss, Organ & Tissue Transplant insurance and MedPlus insurance. Tokio Marine HCC – A&H Group is rated A++ (Superior) by A.M. Best Company and benefits from the financial stability of its parent company, Tokio Marine HCC. Applying our Mind Over Risk philosophy to writing insurance allows our customers to take on opportunity with confidence. That philosophy defines our way of thinking, unites us as a team, and differentiates us from our competitors. We are much more than just an insurance company; we are a good company.

TMHCC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship, color, family or medical care leave, gender identity, genetic information, marital status, medical condition, national origin, physical or mental disability, protected veteran or military status, race, ethnicity, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable local laws, regulations and ordinances.

#LI-CM3 #stoploss1

Your success is our priority. In a world that is rapidly changing, TMHCC enables you to take on opportunities with confidence. At Tokio Marine HCC, we pride ourselves on hiring the smartest, most conscientious people, who want to make a difference no matter their background. And then we give them the support and trust they need. We’re always looking for curious, creative transformative thinkers who want to change the status quo and have a passion for doing the right thing. If this is you, then we want you on our team.