drjobs Underwriting Analyst

Underwriting Analyst

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1 Vacancy
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Job Location drjobs

Minnetonka, MN - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry today offering over 100 products to commercial customers in 180 countries around the growth and over 60 successful acquisitions have grown our 2022 Gross Written Premium (GWP) to $5 workforce has grown to 4300 worldwide big but not so big that you cannot make a Good Company values including integrity empowerment and commitment to customer service and a culture of innovation communication and collaboration make TMHCC a great place to work.

TMHCC Stop Loss a $2 Billion division within TMHCC leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to selffund their health benefit plans. Selffunding can incur risks from catastrophic claims and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk.

*This role is located onsite in Minnetonka MN*

Position Summary:

Under supervision: evaluate analyze and interpret reports and documents for underwriting purposes. Meet deadlines prioritizing tasks and have effective timemanagement skills. Complete paperwork assist in clerical tasks and redirect questions that our producers/contacts have for other TMHCC departments.

Key Responsibilities:

  • Pull and distribute census and zip code information to be entered into internal databases (PA) by Underwriting Assistants.

  • Evaluate analyze and/or interpret plan documents amendments and/or schedules of benefits provided by thirdparty administrators (TPAs)/brokers.

  • Responsible for the accuracy and completion of underwriting information and data entry forms pertaining to new and sold business as well as renewal and life cases.

  • Data entry of all pertinent information obtained through the analysis of requests for proposal (RFPs) to generate manual rates from internal database.

  • Evaluate analyze and/or interpret aggregate reports provided by TPA/brokers to determine risk

  • Obtain all necessary information required by the Underwriters so they may provide the best quote possible for TPA/brokers.

  • Communicate effectively with TPA/brokers peers and other departments. Answer questions within scope of ability and refer other questions to appropriate person.

  • Study and learn Underwriting policies and procedures

  • Prepare sold documentation from proprietary database and route to broker or Producer for client review and signature.

  • Set up and maintain all sold case files.

  • Update and maintain Outstanding Documents Log on a daily basis.

  • Followup and collect all sold case documentation from TPA/broker. This requires continuous followup with client.

  • Coordinate communication between the client/TPA/broker and TMHCC departments.

  • Act as a liaison between Administration Underwriting and Marketing departments.

  • Review and save completed sold case files for policy issuance.

  • Process all nonrenewals and terminations. Notify required parties of nonrenewal/termination.

  • Notify required parties of nonrenewal/termination.

Education Experience & Knowledge:

  • Minimum 4 Year / Bachelors Degree in Business Administration Risk Management Accounting Finance a related field or the equivalent education and/or experience.

  • Ability to read and interpret documents such as plan of benefits bid specifications claim reports and procedural manuals

  • Possess and have ability to apply basic knowledge of principles practices and procedures

  • Good written and verbal communication skills with an emphasis on confidentiality tact and diplomacy

  • Good organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously

  • Intermediate proficiency and experience using Microsoft Office package (Excel Access PowerPoint Word).

Tokio Marine offers a competitive salary and benefits package including:

  • Generous paid time off (PTO) 12 paid company holidays

  • 401(k) Retirement Plan with 6% company match.

  • Health and dental insurance and vision plan available.

  • Companyprovided longterm disability and life insurance.

  • Opportunities for advancement in a successful and growing organization.

  • Flexible work schedules and a great work/life balance.

  • Paid Parental Leave.

  • Volunteer Time Off.

  • Enjoy casual dress and work in a modern comfortable office with free parking.

  • Hybrid work schedule

The Tokio Marine HCC Group of Companies offers a successful dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of Companies is an equalopportunity employer. Please visit for more information about our companies.

#LITM1

#stoploss1


Required Experience:

IC

Employment Type

Full-Time

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