Senior Underwriter / Underwriter - Stop Loss

W. R. Berkley Corporation; Hamilton Township (NJ); On-site; USD 60,000 - 100,000; Full time

Job summary

Join a forward-thinking risk management company that values its employees and fosters a culture of collaboration and growth. As an Underwriter, you will play a key role in managing and analyzing risks in the stop loss business, ensuring profitable growth while adhering to established guidelines. This role offers the opportunity to develop your skills in a supportive environment, working closely with seasoned professionals. With a commitment to excellence and a focus on innovative solutions, this company is dedicated to helping clients navigate their unique challenges. If you're ready to make a meaningful impact in the insurance industry, this position is for you.

Benefits

Competitive compensation plan

Robust benefits package

Professional development opportunities

Qualifications

• 3+ years of experience in Stop Loss Underwriting or equivalent.
• Basic understanding of stop loss market dynamics and risk management.

Responsibilities

• Manage workload with urgency around quote deadlines and production targets.
• Write and retain profitable stop loss cases adhering to company guidelines.

Skills

Stop Loss Underwriting

Risk Management

Communication

Negotiation

Time Management

Mathematical Skills

Education

Bachelor's Degree

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

David Young System

Job description

Company Details

Berkley Accident and Health is a risk management company that designs innovative solutions to address the unique challenges of each client. With our entrepreneurial culture and a strong emphasis on analytics, we can help employers better manage their risk. We offer a broad range of products, including employer stop loss, benefit captives, provider stop loss, HMO reinsurance, and specialty accident. The key to Berkley’s success is our nimble approach to risk – our ability to quickly understand, think through, and devise a plan that addresses each client’s challenges, coupled with the strong backing of a Fortune 500 company. Our parent company, W. R. Berkley Corporation, is one of the largest and best managed property/casualty insurers in the United States.

The company is an equal employment opportunity employer.

Responsibilities

Our team is growing and we have multiple opportunitiesfor Underwritersto join our Berkley Accident and Health team! These are individual contributor roles, working under the supervision of an Underwriting Manager and/or AVP, Underwriting. In this capacity, you will manage your own workload with a sense of urgency around quote deadlines and production targets. You will seek profitable growth of the company’s portfolio of stop loss business by analyzing and selecting risks based on qualified underwriting criteria that adhere to the company’s established underwriting guidelines.

We have a welcoming culture valuingour employees – we trademarked the phrase Everything Counts, Everyone Matters to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important and every accomplishment makes a difference in our results. Come join us!

Key functions include but are not limitedto:

• Write and retain profitable stop loss cases adhering to the company’s guidelines and within assigned letter of authority
• Establish the basics of medical underwriting by training with and learning from the Company’s internal Clinical Underwriting staff
• Properly complete and clearly articulate thought process around risk selection and pricing for efficient reviews with underwriting management and clinical staff
• Become acquainted with target production sources as well as Sales and Account Management teams and begin establishing your own relationships using effective forms of communication
• Accurately document underwriting thought process and authority reviews through company journal and filing system
• Collaborate with underwriting management to review more complex cases requiring a higher degree of underwriting authority

Qualifications

• Bachelor's Degree or equivalent experience
• 3+ years of progressive Stop Loss Underwriting experience or equivalent combination of education and experience
• A basic understanding of stop loss market dynamics, risk management strategies, and a strong desire to stay ahead of emerging risks in the market
• A basic skillset in the areas of math, communication and negotiation, with a strong desire to grow these skillsets under the direction and training of more seasoned staff
• Strong time management skills and self-discipline to effectively manage a large case load volume during peak production cycles
• Proficiency in Microsoft applications including Word, Excel and Outlook
• Experience with David Young System (preferred, not required)
• Must exhibit professional behavior at all times while representing or being identified as an employee of the company
• Establish and maintain positive working relationships with all operational areas, management and staff to further the company’s mission
• Strong consulting and interpersonal skills with an ability to interact with brokers, clients and service vendors

Additional Company Details

We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship Details

Sponsorship not Offered for this Role