Senior Underwriter

HCC Service Company, Inc.; Minnesota; Hybrid; USD 79,400 - 175,300; Full time

Benefits offered by this job

Competitive salary

Comprehensive medical, vision, and dental coverage

401(k) plan with company match

20 days of PTO plus additional holidays

Access to wellness programs

Job summary

HCC Service Company, Inc. in Minnesota is seeking an Underwriter responsible for making critical underwriting decisions and maintaining strong producer relationships. The ideal candidate will have a degree in a relevant field and 5+ years of experience in Medical Stop Loss underwriting.

The role offers competitive salary ranging from $79,400–$175,300, along with comprehensive benefits including health insurance, a 401(k) plan, and paid time off, creating an opportunity for meaningful work and career advancement.

Qualifications

• 4-year bachelor’s degree in Business Administration, Accounting, Finance, or related field.
• 5+ years of relevant and progressive professional experience.
• Demonstrated expertise in Medical Stop Loss underwriting.

Responsibilities

• Make underwriting recommendations and decisions to protect the company's financial assets.
• Review proposal requests to evaluate, classify, and rate each risk.
• Establish and maintain producer relationships.

Skills

Medical Stop Loss underwriting

Relationship-building skills

Strategic thinking

Negotiating skills

Analytical skills

Collaboration skills

Proficiency in Microsoft Office

Adaptability

Education

Bachelor's degree in Business Administration, Accounting, Finance, or related field

Relevant professional experience (5+ years)

Tools

Microsoft Excel

Microsoft PowerPoint

Microsoft Word

Microsoft Outlook

Microsoft Teams

Job description

Role Overview

Make underwriting recommendations and decisions to protect the financial assets of the company and the carrier. Review proposal requests to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Establish, maintain, and develop producer relationships and work with 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.
• Analyze proposed plan changes for acceptability and cost.
• Work with the Sales department to follow up on quoted cases.
• Communicate with third‑party administrators, brokers, and other external parties to explain decisions, address issues, and maintain productive relationships.
• Collaborate with management, internal departments, and other parties to respond to customer needs and deliver exceptional customer experiences.
• Complete requests for proposals (RFPs) promptly and track status and competitive information.
• Train and mentor Underwriters and other internal and external personnel as assigned.
• Travel to visit external and internal stakeholders for growth and business development as needed.
• Participate in and complete projects and other activities as assigned.
• Engage in leadership and growth programs when nominated or assigned.

What You Bring

• 4‑year bachelor’s degree in Business Administration, Accounting, Finance, a related field, or equivalent education and experience.
• 5+ years of relevant and progressive professional experience.
• Demonstrated expertise in Medical Stop Loss underwriting.
• Strategic thinking, anticipation, proactivity, and relationship‑building skills.
• Ability to read and interpret documents such as plans of benefits, bid specifications, claim reports, and procedural manuals.
• Knowledge of principles, practices, and procedures in the insurance industry.
• Solid written and verbal communication skills with emphasis on confidentiality, tact, and diplomacy.
• Strong critical thinking, negotiating, organizational, and analytical skills.
• Proficiency in Microsoft Office (Excel, PowerPoint, Word, Outlook, Teams).
• Collaboration skills and ability to work in a highly team‑oriented environment.
• Adaptability and willingness to learn.
• Preferred certifications: Certified Employee Benefits Specialist (CEBS), Fellow of the Life Management Institute (FLMI), or Chartered Life Underwriter (CLU).
• Preferred experience with Young Consulting’s ESLOffice or equivalent.
• Basic knowledge of medical terminology.

Additional Working Conditions & Physical Demands

• Overtime hours may be required.
• Might need to remain stationary for extended periods.
• Might need to lift up to 10 pounds.
• Must operate a computer and other devices.
• Requires close vision and focus adjustment for computer screens.
• Occasional travel up to 10% of the time.

What 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, eligibility beginning on the 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.

Pay range: $79,400–$175,300 (includes geographic adjustments where applicable).

Equal Opportunity Statement

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 applicable federal, state, and local laws, including the Violent Crime Control and Law Enforcement Act of 1994 (18 USC § 1033(e)).