Employee Benefits Underwriter
Employee Benefits Underwriter
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1 Vacancy
Job Description
Job Title: Employee Benefits Underwriter
Location: Iselin NJ
About Acrisure:
Acrisure is a global Fintech leader that combines the best of humans and high tech to offer multiple financial products and services to millions of businesses and individual clients. We connect clients to solutions that help them protect and grow what matters including Insurance Reinsurance Cyber Services Mortgage Origination and more. Acrisure employs over 17000 entrepreneurial colleagues in 21 countries and have grown from $38 million to $4.3 billion in revenue in just over ten years. Our culture is defined by our entrepreneurial spirit and all that comes with it: innovation client centricity and an indomitable will to win.
Job Summary:
This position analyzes information to create and assist with delivery of financial deliverables for current and prospective clients with complex benefit programs. Financial deliverables include financial and contractual analysis claims utilization analysis and modeling renewal projection and premium rate analysis and modeling.
Essential Duties & Responsibilities:
Evaluates the financial risk of medical & ancillary benefits for clients and prospective clients
Proficiently communicates with internal/external customers
Utilizes group experience and demographic analysis to drive future strategies such as plan changes stop loss levels funding changes & contributions
Utilizes analytical tools to develop alternative strategies plan modeling and cost reduction opportunities
Works with the Consulting Team Members to create Request for Proposals (RFPs) for carriers and manages the financial aspects of the renewal
Evaluates and explains financial analyses to internal team
Presents an explanation of financial analyses/strategies to external clients
Interfaces directly with clients to provide expert underwriting review to explain financial analysis and renewal materials
Performs technical analysis of group insurance contracts and financial arrangements
Responsible for understanding and to expertly explain external market influencers and internal experience trends driving benefit costs to clients
Analyzes and prepares reporting package in accordance with client service calendar financial meetings (e.g. postrenewal midyear prerenewal renewal). Reporting package may include but are not limited to:
Periodic claims utilization trend and lag analyses
Rate and Contribution analysis
Market analysis
Financial funding analysis
Renewal rate and funding projections and modeling
Works with the Consulting Team members and insurance carriers on new business quotes and renewals to include related activities such as: requesting quotes evaluating option negotiation of rates and benefit features and preparing renewal or new plan options with executive summary
Works closely with Consulting Team Members to ensure strategic objectives of client are clearly articulated and that all client deliverables deliver proactive solutions in line with client strategic objectives
Acts as a resource for Consultants and Sales Executives to develop strategic plans and solutions for prospects and clients and prospects.
Mentor and assist with training junior analysts/account managers
Set priorities for analytical work to meet deadlines
Participate in training programs to enhance benefit industry knowledge
Knowledge & Skill Requirements:
An undergraduate degree is required
A minimum of 35 years work experience in the analysis of employee benefit programs and health insurance
Strong functional knowledge of Excel specific to creating formatting and evaluating formulas and working within templates. Must be proficient in Excel Word and other MS Office products along with Adobe products
Ability to work in a fastpaced environment with minimal instruction and a high degree of accuracy and attention to detail
Broad understanding of alternative funding mechanisms
Effective interpersonal and written communication skills
Selfmotivated and goal oriented
Outstanding analytical problem solving and critical thinking skills required
Strong benefit product knowledge required; including but not limited to Medical Dental Life Disability voluntary products etc.
Sets priorities and manages workflow to ensure efficient timely and accurate deliverables
Ability to manage and negotiate multiple priorities and deadlines
Maintain a cordial and effective relationship with clients coworkers carriers vendors and other business contacts.
Ability to work in a team environment
Interact with others effectively by utilizing good communication skills cooperating purposefully and providing information and guidance as needed to achieve the business goals of the company
Must hold state Health & Life insurance licenses or willing to obtain one within an agreed upon timeframe
Strong written oral and interpersonal communication skills
Advanced problem solving and critical thinking skills
Benefits & Perks:
Competitive Compensation
Industry Leading Healthcare
Savings and Investments
Charitable Giving Programs
Offering hybrid work option
Opportunities for Growth
Parental Leave
Generous time away
Acrisure is committed to making an impact in our communities by giving back with millions committed to childrens health with Helen Devos Childrens Hospital and UPMC Childrens Hospital of Pittsburgh.
For more visit www.Acrisure or learn more here.
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Acrisure is committed to employing a diverse workforce. All applicants will be considered foremploymentwithout attention to race color religion age sex sexual orientation gender identity national origin veteran or disability status. California residents can learn more about our privacy practices for applicants by visiting the Acrisure California Applicant Privacy Policy available at www.Acrisure/privacy/caapplicant.
To Executive Search Firms & Staffing Agencies: Acrisure does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered Acrisures property and Acrisure will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting Acrisures Human Resources Talent Department.
Employment Type
Full Time
