Stop Loss Underwriting Manager

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.

 

This position can either be fully remote or based in our Hamilton Square, NJ or Boston, MA 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 an Underwriting Manager, 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'll work cross-functionally with clinical, actuarial, claims and distribution to carry through new and renewal business strategies and to negotiate complex cases in a professional and thoughtful manner. This position will also strive to innovate in the areas of underwriting operational efficiency, in accordance with the company’s ongoing commitment to innovation and its core behaviors.

 

This role combines both individual production goals with management responsibility for an assigned group of underwriters within either a geographical region, a target program or production source.

 

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.
• Work collaboratively with clinical underwriting staff to ensure adequate risk premium is established based on known, ongoing claimants.
• Develop and maintain successful relationships with target production sources within assigned programs. Foster trust and effective partnerships in order to more successfully manage the negotiation of complex cases and programs with external stakeholders, as well as internal stakeholders within Sales and Account Management.
• Oversee the activity assignments and workload balance of assigned underwriting staff.
• Support staff on challenging risk evaluations, service situations, and during periods of high case volume. Use these opportunities to promote underwriter training, with an eye towards operational efficiency and consistency in underwriting approach.
• Ensure staff is properly composing, preparing, and generating correspondence, proposals, and other reports as needed or required.
• Oversee the review of Applications, Policies, Plan Documents/Amendments, and Proposal Contingencies ensuring that they are complete, accurate and in accordance with the sold case terms.
• Accurately document underwriting thought process and authority reviews through company journal and filing system.
• Oversee the activity assignments and workload balance of assigned underwriting staff.
• Support staff on challenging risk evaluations, service situations, and during periods of high case volume. Use these opportunities to promote underwriter training, with an eye towards operational efficiency and consistency in underwriting approach.
• Ensure staff is properly composing, preparing, and generating correspondence, proposals, and other reports as needed or required.
• Oversee the review of Applications, Policies, Plan Documents/Amendments, and Proposal Contingencies ensuring that they are complete, accurate and in accordance with the sold case terms.
• Accurately document underwriting thought process and authority reviews through company journal and filing system.

Qualifications

What you need to have:

• Bachelor’s Degree 
• 10+ years of progressive Stop Loss Underwriting experience or equivalent combination of education and experience.
• A thorough understanding of stop loss market dynamics, risk management strategies, and a strong desire to stay ahead of emerging risks in the market. Prior experience working with employer stop loss captives preferred.
• Confidence and a developed skillset in the areas of math, communication and negotiation.
• Ability to mentor and train less experienced underwriters and underwriting support staff. 
• Ability to be proactively independent while still working in a team environment while handling a large case load volume during peak production cycles.
• Proficiency in Microsoft applications including Word, Excel and Outlook.
• Ability to travel to staff offices periodically, and for external business needs 10%.

What makes you stand out:

• Experience with Connexure or David Young System (highly preferred)
• Prior management experience preferred.
• 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: $140,000 to $150,000 • Eligible to participate in annual discretionary bonus. • Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and generous 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