Senior Corporate Underwriter

Tokio Marine HCC; Massachusetts; On-site; USD 89,000 - 196,000; Full time

Benefits offered by this job

Competitive salary package

Comprehensive benefits

Medical, vision, dental coverage

401(k) plan with match

Paid time off and holidays

Wellness program"

Student loan matching

Job summary

Tokio Marine HCC is a leading specialty insurer with a strong global presence and a focus on stop loss and other advanced insurance products. We seek an experienced underwriter to review high-dollar proposals, set appropriate rates, and guide regional teams in risk assessment and decision-making.

You will audit quotations and renewals, training colleagues and maintaining underwriting guidelines to ensure regulatory and corporate compliance.

Qualifications

• 4 Year / Bachelor's 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.
• Advanced knowledge of principles, practices, and procedures in underwriting.
• Excellent written and verbal communications skills with confidentiality, tact, and diplomacy.
• Superior organizational and analytical skills with ability to manage multiple tasks.

Responsibilities

• Review and audit underwriting proposals to ensure compliance with guidelines.
• Set rates and factor levels based on risk acceptability.
• Direct day-to-day underwriting activities for regional teams as needed.
• Educate and train colleagues on underwriting duties and best practices.
• Develop and maintain Underwriting Manual guidelines.

Skills

Underwriting experience

Auditing

Communication skills

Analytical mindset

Education

Bachelor's degree in Business/Accounting/Finance

Tools

Excel

PowerPoint

Word

Access

Job description

Help us insure itTokio Marine HCC is a global industry-leading specialty insurance group, backed by the strength and stability of the Tokio Marine Group. Offering over 100 classes of specialty insurance, we empower clients to pursue opportunities confidently through our “Mind Over Risk” philosophy. More than an insurance company, we are an organization built on innovation, unity, and trust.At our core, we are Always Advancing, driven by innovation and an entrepreneurial spirit that keeps us moving forward. Our people are Experts in Tomorrow, using curiosity and smart working to anticipate what’s next. With a culture rooted in Reaching Out, we foster genuine collaboration and support, ensuring every individual has the opportunity to succeed and make a difference.Role OverviewUnder 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 carrierKey ResponsibilitiesEvaluate 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 Bring4 Year / Bachelors Degree in Business Administration, Accounting, Finance, a related field, or the equivalent education and/or experience8 Years Relevant and progressive experience Management experience preferred in Stop Loss underwritingPossess and have ability to apply advanced knowledge of principles, practices, and proceduresExcellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacySuperior organizational and analytical skills; demonstrated ability to manage multiple tasks/projects simultaneouslyKnowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company's business to proactively respond to changing business environmentAdvanced proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)What We OfferCompetitive salary and comprehensive benefit packageStrong learning culture with ongoing development opportunitiesOpportunities for growth and career advancementComprehensive medical, vision, and dental coverage, with eligibility beginning on your first day of employmentBasic life and disability insurance401(k) plan with 6% company match20 days of PTO, two floating holidays, approximately 11 paid holidays, and volunteer time offPaid parental leaveAccess to our award-winning wellness program, including mental health services, fitness network membership, and a complimentary Headspace subscriptionStudent loan matching programEmployee discount programAn opportunity to do meaningful work and love what you doThe 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 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.]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 UsTokio 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.Equal Opportunity EmployerTMHCC 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