Stop Loss Captive Underwriter
Stop Loss Captive Underwriter
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1 Vacancy
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 Berkleys success is our nimble approach to risk our ability to quickly understand think through and devise a plan that addresses each clients 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.
This position can either be fully remote (if not within commutable distance to the office) or based in our Hamilton NJ office which offers a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.
#LI-AV1 #LI-Remote
The company is an equal employment opportunity employer.
Responsibilities
As a Stop Loss Underwriter focused on our Captives business youll work closely with the Underwriting leadership to seekseek profitable growth of the companys portfolio of stop loss business by analyzing and selecting risks based on qualified underwriting criteria that adhere to the companys established underwriting guidelines. Youll have the autonomy to manage your own workload and well trust you to operate with a sense of urgency around quote deadlines and production targets.
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
Well count on you to:
- Write and retain profitable stop loss cases adhering to the companys guidelines and within assigned letter of authority
- Establish the basics of medical underwriting by training with and learning from the Companys 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 Sales and Account Management teams and begin establishing your own relationships using effective forms of communication
- Accurately document underwriting thought process and authority reviews through company journal and filing system
- Collaborate with underwriting management to review more complex cases requiring a higher degree of underwriting authority
Qualifications
What you need to have:
- Bachelors Degree or equivalent experience
- 3-5 years of progressive Stop Loss Underwriting 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
- 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:
- Establish and maintain positive working relationships with all operational areas management and staff to further the companys mission
- Strong consulting and interpersonal skills with an ability to interact with brokers clients and service vendors
- Experience with David Young or Connexure System
Additional Company Details
The company offers a competitive compensation plan and robust benefits package for full time regular employees including:
Base Salary Range: $90000 - $120000
Eligible to participate in annual discretionary bonus
Benefits include: Health dental vision dental 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
Job Description
Employment Type
Unclear
