Sr. Underwriter

Berkley; Hamilton Township (NJ); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Health benefits

Dental benefits

Vision benefits

Life Insurance

Disability Insurance

Wellness programs

Paid Time Off

401(k) & Profit-Sharing

Job summary

Berkley Accident and Health is seeking a Sr. Stop Loss Underwriter to drive profitable growth in the stop loss portfolio.

The role collaborates with clinical, actuarial, claims and distribution to implement renewal strategies across multiple offices, with a hybrid work schedule (4 days in-office, 1 day remote as appropriate). The position requires 5+ years of underwriting experience, a Bachelor's degree or equivalent, and strong skills in math, negotiation, and client relationships.

Qualifications

• Bachelor's Degree or equivalent experience.
• 5+ years of progressive Stop Loss Underwriting experience or equivalent combination of education and experience.
• Understanding of stop loss market dynamics and risk management strategies.
• Strong math, communication and negotiation skills.
• Proficiency in Word, Excel and Outlook.

Responsibilities

• Write and retain profitable stop loss cases adhering to guidelines.
• Collaborate with clinical underwriting staff to establish risk premiums.
• Develop relationships with target production sources and with Sales/Account Management.
• Document underwriting thought process and authority reviews.

Skills

Math

Communication

Negotiation

Microsoft Office

Education

Bachelor's Degree or equivalent experience

Tools

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. #LI-AV1 #LI-Remote

The Company is an equal employment opportunity employer.

Responsibilities

This position can either be fully remote (if not within commutable distance to the office) or based in one of our offices:

• Hamilton Square, NJ
• Marlborough, MA
• West Hartford, CT
• Harleysville, PA

Our offices offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.

As a Sr. Stop Loss Underwriter, we'll trust you to 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. This position will work cross-functionally with clinical, actuarial, claims and distribution to carry through new and renewal business strategies in a professional and thoughtful manner.

What you can expect:

• Culture of innovation, teamwork, supportive colleagues and leaders willing to invest in talent
• Internal mobility opportunities
• Visibility to senior leaders and partnership with cross functional teams
• Opportunity to impact change
• Benefits – competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education

We'll count on you to:

• Write and retain profitable stop loss cases adhering to the company’s guidelines and within assigned letter of authority
• Work collaboratively with clinical underwriting staff to ensure adequate risk premium is established based on known, ongoing claimants
• Develop and maintain successful relationships with target production sources within assigned programs, as well as with BAH Sales and Account Management
• Accurately document underwriting thought process and authority reviews through company journal and filing system

Qualifications

What you need to have:

• Bachelor's Degree or equivalent experience
• 5+ years of progressive Stop Loss Underwriting experience or equivalent combination of education and experience
• An understanding of stop loss market dynamics, risk management strategies, and a strong desire to stay ahead of emerging risks in the market
• Confidence and a developed skillset in the areas of math, communication and negotiation
• Proficiency in Microsoft applications including Word, Excel and Outlook
• Establish and maintain positive working relationships with all operational areas, management and staff to further the company’s mission

What makes you stand out:

• Experience with David Young System
• Strong consulting and interpersonal skills with an ability to interact with brokers, clients and service vendors.
• Strong time management skills and self-discipline to effectively manage a large case load volume during peak production cycles.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include: Base Salary Range: $90,000 - $120,000 Eligible to participate in annual discretionary bonus. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. 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