Employee Benefits Underwriting Consultant

World Insurance Associates.

Job Location:

Mount Laurel, NJ - USA

Monthly Salary: $ 85600 - 105800

Posted on: 6 days ago

Vacancies: 1 Vacancy

Job Summary

Company Overview
World Insurance Associates (World) is a unique financial services organization with a global network of brokers and specialists who empower people to make informed decisions to improve their risk management outcomes modernize their benefits programs and help them achieve their long-term financial goals.

Founded in 2011 World is one of the fastest-growing Top 25 insurance brokers in the U.S. with nearly 3000 employees in more than 300 offices across North America and the U.K. World specializes in personal and commercial insurance surety and fidelity bonding employee and executive benefits investment advisory and retirement plan services and payroll & HR solutions.

Position Summary

World Insurance is seeking anEmployee Benefits Underwriting Consultant to join our Underwriting & Analytics this role you will be responsible for evaluating and pricing employer-sponsored health and welfare programs supporting service sales and clients with data-driven insights and ensuring competitive accurate and compliant financial recommendations. This role partners closely with internal teams carriers and vendors to deliver optimal plan strategies.

You will develop advanced financial models assess utilization and risk trends and translate complex financial and contractual data into clear actionable insights that support renewal strategy plan design and long-term cost management. You will mentor analysts and provide direction on projects you will play a key role in delivering high-quality financial deliverables and guiding data-driven decision-making for our clients.

Primary Responsibilities

Analyze medical pharmacy stop loss dental and vision experience to develop renewal projections and rate recommendations.
Serve as the primary underwriting resource for assigned clients (typicallyemployees) supporting funding arrangements including fully insured level funded and self-funded programs.
Refine and maintain underwriting models for fully insured and self-funded clients.
Evaluate plan design changes contribution strategies and funding arrangements.
Support RFP processes including carrier negotiations and financial comparisons.
Interpret and communicate underwriting results to consultants and clients.
Identify cost drivers trends and risk factors impacting plan performance.
Collaborate with PBMs stop-loss carriers and other vendors to optimize pricing and structure.
Ensure compliance with underwriting standards regulatory requirements and internal policies.
Assist in developing client presentations and financial exhibits.
Provide strategic financial insight to sales and service teams acting as a resource on pricing funding strategies and market dynamics within employee benefits.
Participate in client strategy discussions and presentations when appropriate translating complex financial and fully insured underwriting concepts into clear actionable insights.
Develop and model alternative plan designs funding structures and cost-containment strategies to support long-term client objectives.
Partner closely with internal sales service and SME teams (e.g. Population Health Management Communications and Compliance) to develop comprehensive benefit strategies.
Ensure proper utilization of departments financial and management systems including BenefitPoint PerfectQuote Blue Raven and other related analytical platforms.
Support new business pursuits by providing financial analysis proposal comparisons and underwriting insights during the prospecting process.
Be an internal resource for peer review processes for the team to maintain high standards of analytical accuracy financial integrity and consistency.
Mentor and provide technical guidance to junior analysts and underwriting team members as needed.
Perform other strategic and analytical responsibilities as assigned.

Qualifications

2-5 years of experience in employee benefits underwriting or actuarial services.
Bachelors degree CEBS/other professional designation or equivalent work experience required.
Life & Health insurance license (or willingness to obtain within an agreed timeframe).
Ability to work in a fast-paced remote environment with some oversight and a high degree of accuracy and attention to detail.
Advanced proficiency in Microsoft Excel (formulas modeling formatting) and strong skills in Word and other MS Office tools such as PowerBI.
Understanding and/or prior use of Claros Blue Raven or other actuarial modeling tools is ideal.
Technical experience with BenefitPoint AI Benefit Administration Systems and Carrier Portals is preferred.
Strong analytical problem-solving and critical thinking abilities with the ability to work with complex data and variables.
Excellent written oral and interpersonal communication skills.
Team-oriented client-focused and able to build effective working relationships with colleagues carriers and clients.
Commitment to staying current on industry trends regulations and emerging products.

Physical Demands
Office work involves working at a desk most of the time using a stand-up/sit-down adjustable desk. Exerting up to 10 pounds of force occasionally and/or negligible amount of forcefrequentlyto lift carry push pull or otherwise move objects. Typing grasping and repetitive motion typically isrequiredevery day and walking and standing arerequiredoccasionally.

Equal Employment Opportunity
At World Insurance Associates (WIA) we celebrate and support our differences. We know employing a team rich in diverse thoughts experiences and opinions allows our employees our products and our community to flourish. WIA is honored to be an equalopportunityworkplace. We are dedicated to equal employment opportunities regardless of race color ancestry religion sex national orientation age citizenship marital status disability gender identity sexual orientation or Veteran addition WIA makes reasonable accommodationsto knownphysical or mental limitations of an otherwise qualified applicant or employee with a disability unless the accommodationwould imposean undue hardship on the operation of our business.

To Executive Search Firms and Staffing Agencies
World does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered Worlds property and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting Worlds Human Resources Talent Department.

Compensation
This is a remote position. The base salary for this position at the time of this posting may range from $85600 to $105800. Individual compensation varies based on job-related factors including business needs experience level of responsibility and qualifications. We offer a competitive benefits package and variable pay programs please visit for more details.

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Required Experience:

Senior IC

Company OverviewWorld Insurance Associates (World) is a unique financial services organization with a global network of brokers and specialists who empower people to make informed decisions to improve their risk management outcomes modernize their benefits programs and help them achieve their long-t...

Analyze medical pharmacy stop loss dental and vision experience to develop renewal projections and rate recommendations.
Serve as the primary underwriting resource for assigned clients (typicallyemployees) supporting funding arrangements including fully insured level funded and self-funded programs.
Refine and maintain underwriting models for fully insured and self-funded clients.
Evaluate plan design changes contribution strategies and funding arrangements.
Support RFP processes including carrier negotiations and financial comparisons.
Interpret and communicate underwriting results to consultants and clients.
Identify cost drivers trends and risk factors impacting plan performance.
Collaborate with PBMs stop-loss carriers and other vendors to optimize pricing and structure.
Ensure compliance with underwriting standards regulatory requirements and internal policies.
Assist in developing client presentations and financial exhibits.
Provide strategic financial insight to sales and service teams acting as a resource on pricing funding strategies and market dynamics within employee benefits.
Participate in client strategy discussions and presentations when appropriate translating complex financial and fully insured underwriting concepts into clear actionable insights.
Develop and model alternative plan designs funding structures and cost-containment strategies to support long-term client objectives.
Partner closely with internal sales service and SME teams (e.g. Population Health Management Communications and Compliance) to develop comprehensive benefit strategies.
Ensure proper utilization of departments financial and management systems including BenefitPoint PerfectQuote Blue Raven and other related analytical platforms.
Support new business pursuits by providing financial analysis proposal comparisons and underwriting insights during the prospecting process.
Be an internal resource for peer review processes for the team to maintain high standards of analytical accuracy financial integrity and consistency.
Mentor and provide technical guidance to junior analysts and underwriting team members as needed.
Perform other strategic and analytical responsibilities as assigned.

Qualifications

2-5 years of experience in employee benefits underwriting or actuarial services.
Bachelors degree CEBS/other professional designation or equivalent work experience required.
Life & Health insurance license (or willingness to obtain within an agreed timeframe).
Ability to work in a fast-paced remote environment with some oversight and a high degree of accuracy and attention to detail.
Advanced proficiency in Microsoft Excel (formulas modeling formatting) and strong skills in Word and other MS Office tools such as PowerBI.
Understanding and/or prior use of Claros Blue Raven or other actuarial modeling tools is ideal.
Technical experience with BenefitPoint AI Benefit Administration Systems and Carrier Portals is preferred.
Strong analytical problem-solving and critical thinking abilities with the ability to work with complex data and variables.
Excellent written oral and interpersonal communication skills.
Team-oriented client-focused and able to build effective working relationships with colleagues carriers and clients.
Commitment to staying current on industry trends regulations and emerging products.