Senior Underwriter

Apex Systems; Durham (NC); Remote; USD 80,000 - 100,000; Full time

Job summary

An innovative firm is on the lookout for a Senior Underwriter to join their remote team. This role involves managing large books of business and applying data analytics to identify trends and improve underwriting processes. With responsibilities ranging from financial reporting to coaching less experienced underwriters, this position offers a unique opportunity to leverage technical expertise and make impactful recommendations on benefit plan designs and funding options. If you are passionate about underwriting and eager to contribute to strategic planning and client negotiations, this is the perfect opportunity for you.

Qualifications

• 5+ years of experience in underwriting or related field.
• Strong technical expertise in underwriting and data analytics.

Responsibilities

• Manage Books of Business with significant premium volume.
• Analyze underwriting risk and determine premium rates.

Skills

Data Analytics

Underwriting Risk Analysis

Financial Reporting

Coaching and Mentoring

Education

Bachelor's Degree

Advanced Degree

Job description

Our client is looking to hire a Senior Underwriter to join their team remotely.
Job Description:

1. Manage Books of Business with up to 150,000 members and representing up to $400,000,000 in premium or premium equivalent.
2. Apply data analytics across the book of business to identify trends or patterns and take corrective action as required.
3. Has the authority to make limited exceptions to standard underwriting policy and make underwriting recommendations to underwriters and associate underwriters.
4. Manage and report monthly and YTD on all assigned financial and performance metrics as well as develop and produce ad hoc reports.
5. Act as Subject Matter Expert (SME) for the Department regarding their Business Segment and Corporate Projects.
6. Analyze underwriting risk and determine premium rates for fully insured contracts and recommend funding rates for Administrative Services Only (ASO) contracts.
7. Proactively utilize strong technical expertise to make recommendations regarding benefit plan design, stop loss levels, network feasibility, and funding options to internal and external customers.
8. Actively participate in final rate negotiations and presentations with our large clients.
9. Recommend underwriting process and system changes resulting in enhanced productivity.
10. Participate in the Underwriting Department’s strategic and tactical planning.
11. Coach less experienced underwriters on matters related to risk selection and mitigation, data analytics, and integrated goal management.
12. Assist with the development and provision of training to the underwriting staff, sales staff, and other departments in the principles and practices of underwriting and rating.

Hiring Requirements

• Bachelors degree or advanced degree (where required).

• 5+ years of experience in related field.

• In lieu of degree, 7+ years of experience in related field.