Sr Underwriter Group Stop Loss Captive

Global Recruiters of Richmond (GRN); Philadelphia (Philadelphia County); On-site; USD 120,000 - 140,000; Full time

Job summary

An established industry player is seeking a Senior Underwriter specializing in captive business. This role offers the opportunity to provide technical expertise in evaluating new business and renewals while mentoring less experienced underwriters. The ideal candidate will possess a strong understanding of self-funding markets and demonstrate a balance of creative thinking and analytical skills. You will collaborate with key stakeholders to drive successful outcomes and enhance departmental influence through effective negotiation and persuasive communication. If you are passionate about underwriting and ready to make a significant impact, this role is for you.

Benefits

Medical insurance

Vision insurance

401(k)

Disability insurance

Qualifications

• 3-5 years of underwriting experience with a focus on captive business.
• Strong analytical skills and ability to develop creative solutions.

Responsibilities

• Oversee timely and accurate completion of renewals and proposals.
• Mentor and train less experienced underwriters.

Skills

Underwriting

Analytical Skills

Creative Thinking

Communication

Process Improvement

Tools

Ugan Underwriting System

Salesforce

Job description

Job Title: Senior Underwriter – Captive

Company: Global Recruiters of Richmond (GRN)

Compensation

Base pay range: $120,000.00/yr - $140,000.00/yr

Additional compensation types: Annual Bonus

Job Description

The Senior Underwriter – Captive role will provide technical expertise in evaluating new business and renewals, providing quotes which reflect the risk profile of the account as well as the goals of the company. In this role, you will help mentor and train less experienced underwriters.

The successful candidate has demonstrable experience in all funding mechanisms as well as a good understanding of the self-funding market. A track record of balancing creative thinking with strong business judgement and analytical skills, this role will formulate creative solutions utilizing our unique solutions. Deep experience and strong passion for collaborating, influencing, and leading others.

Qualifications:

• 3 to 5 years of underwriting experience with progressive responsibilities.
• Experience underwriting captive business.
• Experience underwriting self-funded plans, with level-funded exposure a plus.
• General knowledge and understanding of self-funded and fully insured markets, including experience understanding and interpreting claim reporting from various external sources.
• Develop and execute creative solutions to unique risk characteristics; an ability to balance judgement, analytical skills, and creative thinking.
• A good communicator: collaborating with Sales and other key constituents to drive successful outcomes.
• Ability to recognize and drive process improvement.
• Prior experience helping to mentor and train less experienced underwriters.
• Exposure to the Ugan underwriting system and Salesforce a plus.

Duties & Responsibilities:

• Oversee production to ensure timely and accurate completion of renewals and proposals.
• Complete larger and more complex renewals and new business proposals.
• Review renewal and new business proposals to ensure that quoted business is in line with Company objectives, goals, and solutions.
• Develop relationships with key constituents and decision makers based on trust and credibility to enhance influence on risk management and pricing decisions.
• Provide solid and persuasive arguments to move Sales and external audiences toward appropriate risk solutions.
• Enhance department influence by negotiating workable solutions, meeting deadlines, and providing responsive service.
• Lead departmental efforts in areas such as, but not limited to, pricing policy, departmental policies and procedures, product development, interdepartmental processes, or corporate projects.
• Conduct periodic internal reviews to maintain compliant rates, controls, and processes.
• Mentor and train less experienced underwriters.

Seniority Level:

Mid-Senior level

Employment Type:

Full-time

Job Function:

General Business, Other, and Finance

Industries:

Insurance Agencies and Brokerages and Insurance Carriers

Benefits:

• Medical insurance
• Vision insurance
• 401(k)
• Disability insurance