Underwriter

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.

  #LI-AV1 #LI-hybrid

The company is an equal employment opportunity employer.

 

Responsibilities

Job Description: Overall Position Summary/Purpose (Briefly describe the job’s primary purpose or contribution to the department or the organization)

The Underwriter 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. The Underwriter will work closely with more seasoned underwriting staff to develop more advanced underwriting acumen over time. Additionally, the Underwriter will be responsible for gaining a more thorough understanding of the Company’s clinical, actuarial, claims and distribution departments, all of which will advance the Underwriter’s experience and judgement levels.

 

This role is an individual contributor role, working under the supervision of the Underwriting Manager and/or AVP, Underwriting. In this capacity, the Underwriter will manage his/her workload with a sense of urgency around quote deadlines and production targets. This role will require proactive collaboration with underwriting management to review more complex cases requiring a higher degree of underwriting authority. 

 

Key Functions/Duties of Position: Describe the overall job responsibilities (including any decision-making authority) for this position.

• Write and retain profitable stop loss cases adhering to the company’s guidelines and within assigned letter of authority.
• Establish the basics of medical underwriting by training with and learning from the Company’s 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 BAH Sales and Account Management teams and begin establishing his/her own relationships using effective forms of communication. 
• Accurately document underwriting thought process and authority reviews through company journal and filing system.

Qualifications

Education Requirement

 

• Bachelors’ degree

Qualifications:  Include necessary skills/experience and core competencies required

 

• 3+ years of progressive Stop Loss Underwriting experience or equivalent combination of education and 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, with a strong desire to grow these skillsets under the direction and training of more seasoned staff.
• 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.
• Experience with David Young System (preferred)

• Must exhibit professional behavior at all times while representing or being identified as an employee of the company
• 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: $90,000 - $110,000 • Eligible to participate in annual discretionary bonus. • Benefits: Health, Dental, Vision, 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.

Responsibilities

Job Description: Overall Position Summary/Purpose (Briefly describe the job’s primary purpose or contribution to the department or the organization)
The Underwriter 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. The Underwriter will work closely with more seasoned underwriting staff to develop more advanced underwriting acumen over time. Additionally, the Underwriter will be responsible for gaining a more thorough understanding of the Company’s clinical, actuarial, claims and distribution departments, all of which will advance the Underwriter’s experience and judgement levels.
 
This role is an individual contributor role, working under the supervision of the Underwriting Manager and/or AVP, Underwriting. In this capacity, the Underwriter will manage his/her workload with a sense of urgency around quote deadlines and production targets. This role will require proactive collaboration with underwriting management to review more complex cases requiring a higher degree of underwriting authority. 
 
Key Functions/Duties of Position: Describe the overall job responsibilities (including any decision-making authority) for this position.
- Write and retain profitable stop loss cases adhering to the company’s guidelines and within assigned letter of authority.
- Establish the basics of medical underwriting by training with and learning from the Company’s 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 BAH Sales and Account Management teams and begin establishing his/her own relationships using effective forms of communication. 
- Accurately document underwriting thought process and authority reviews through company journal and filing system.