Senior Underwriter - Employee Benefits

Corporate Synergies; Camden (NJ); On-site; USD 100,000 - 130,000; Full time

Benefits offered by this job

Health insurance

401(k) with company match

Company paid life insurance

STD, LTD

PTO starting at 18 days + holidays

Job summary

Foundation Risk Partners (FRP) is seeking a Senior Underwriter for the Corporate Synergies team in the Philadelphia metro area. The role partners with the VP of Underwriting and Account Management to support complex health and welfare programs, drive renewal strategy, and ensure accurate underwriting deliverables for fully insured and self‑insured clients.

Responsibilities include analyzing renewals, reviewing proposals, developing budgets and financial models, and contributing to renewal

Qualifications

• Strong interpersonal skills with clients, carriers, and internal teams.
• In‑depth knowledge of carrier processes, plan designs, funding, and stop‑loss.
• Proven analytical, organizational, and detail‑oriented abilities.
• Excellent written and verbal communication skills.

Responsibilities

• Analyze carrier renewals and manage ongoing carrier interactions.
• Review proposals and underwriting materials for accuracy and completeness.
• Oversee claims reporting for self‑insured clients and analyze claims data.
• Develop self‑insured budgets and premium equivalent calculations.
• Prepare pre‑renewal projections and financial models.

Skills

Relationship building

Analytical skills

Communication skills

Multitasking

MS Office

Carrier/underwriting knowledge

Education

Bachelor’s degree preferred

Tools

Microsoft Office

Job description

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Senior Underwriter to their Corporate Synergies team in Philadelphia Metro Region.

Job Summary

The Senior Underwriter partners closely with the Vice President of Underwriting and Account Management team to support complex health and welfare programs. This role is integral in driving renewal strategy, analyzing claims data, and ensuring accuracy and consistency across underwriting deliverables for both fully insured and self‑insured clients.

Essential Functions

• Analyze carrier renewals and manage ongoing carrier interactions
• Review proposals and underwriting materials for accuracy and completeness
• Review and analyze claims reports; oversee claims reporting for self‑insured clients
• Develop self‑insured budgets, including premium equivalent rate calculations
• Prepare fully insured pre‑renewal projections and financial models
• Participate in pre‑renewal and renewal strategy meetings with internal teams and clients
• Conduct ad hoc claims and utilization analyses as needed

Competencies & Qualifications

• Proven ability to build strong relationships with clients, carriers, and internal partners
• In‑depth knowledge of carrier processes, plan designs, funding arrangements, and stop‑loss contracts
• Strong analytical, organizational, and attention‑to‑detail skills
• Excellent written and verbal communication abilities
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
• Ability to manage multiple priorities in a fast‑paced environment
• Comfortable working both independently and as part of a collaborative team

Education & Experience

• Bachelor’s degree preferred
• Minimum of 5+ years of underwriting experience with a health and welfare carrier or brokerage, supporting employer groups of 100+ lives

This range represents the estimated low and high end of the salary range for this position. Actual salaries will vary and may be above or below the range based on factors including but not limited to performance, location, and experience. The range listed is just one component of FRP's total compensation package for employees.

Pay Transparency Range: $100,000 USD - $130,000 USD

Disclaimer

While this job description is intended to be an accurate reflection of the job requirements, management reserves the right to modify, add, or remove duties from particular jobs and to assign other duties as necessary.

Equal Employment Opportunity (EEO)

FRP provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or any other classifications protected by law.

Benefits

• FRP offers a comprehensive range of health-related benefit options including medical, vision, and dental.
• We offer a 401(k) with company match, company paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays & 2 floating holidays!