Stop Loss Underwriter

W. R. Berkley Corporation; Hamilton Township (NJ); Hybrid; USD 90,000 - 110,000; Full time

Benefits offered by this job

Profit sharing

401(k) plan

Paid time off

Job summary

Berkley Accident and Health, a risk management company and part of W. R. Berkley Corporation, seeks a Stop Loss Underwriter to analyze risks and grow profitable stop loss business.

The role collaborates with underwriting staff and clinical teams in a hybrid/remote-friendly environment across multiple offices including Hamilton Square, NJ. You will train with internal staff, document your underwriting thought process, and build relationships with brokers and clients.

Qualifications

• Bachelors' degree.
• 3+ years of progressive Stop Loss Underwriting experience or equivalent combination of education and experience.
• Understanding of stop loss market dynamics and risk management.
• Strong math, communication and negotiation skills with a desire to grow.
• Strong time management and ability to manage a large case load during peak cycles.
• Proficiency in Microsoft Word, Excel and Outlook.

Responsibilities

• Write and retain profitable stop loss cases adhering to guidelines and authority.
• Establish the basics of medical underwriting with internal Clinical Underwriting staff.
• Document underwriting thought process and pricing for reviews with management and clinical staff.
• Develop relationships with target production sources and Sales/Account Management teams.
• Accurately document underwriting thought process and authority reviews.

Skills

Stop Loss Underwriting

Risk assessment

Communication

Negotiation

Time management

Microsoft Office

Education

Bachelors' degree

Tools

Microsoft Word

Microsoft Excel

Outlook

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 Stop Loss Underwriter, 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. You will work closely with more seasoned underwriting staff to develop more advanced underwriting acumen over time. You'll gain a more thorough understanding of the Company's clinical, actuarial, claims and distribution departments, all of which will advance the Underwriter's experience and judgement levels.

You'll work under the guidance of the Underwriting Manager. We'll trust you to manage your workload with a sense of urgency around quote deadlines and production targets. You'll partner closely with underwriting management to review more complex cases requiring a higher degree of underwriting authority.

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.
• 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 BAH Sales and Account Management teams and begin establishing his/her own relationships using effective forms of communication.
• Accurately document underwriting thought process and authority reviews through company journal and filing system.

Qualifications

What you need to have:

• Bachelors' degree
• 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.

What makes you stand out:

• Experience with David Young / Connexure System
• Ability to 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 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 - $110,000
• 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