Medical Stop Loss Underwriter

Why join the Novacore team?

We’re building something bold and meaningful. At Novacore, we’re not your average insurance company. We specialize in tailored solutions for niche industries, powered by advanced analytics, modern technology, and a culture of innovation. Recognized as a top workplace, Novacore supports ambition, growth, and a culture that matters.

Responsibilities

• Evaluate and underwrite medical stop-loss insurance RFPs, using historical claims data and underwriting software tools to determine risk and set premiums.
• Perform thorough analysis of variables such as employer size, demographics, health care utilization, and insurance needs.
• Ensure compliance with state regulations and adhere to all underwriting requirements both internally and as set by carriers.
• Conduct financial analysis of employers to gauge their ability to meet obligations under a self-funded plan.
• Engage with brokers and clients to gather additional information, explain risk decisions, and foster strong business relationships.
• Maintain and monitor portfolio performance, identify trends, and recommend adjustments to underwriting practices as necessary.
• Mentor and train Junior Underwriters and Underwriting Assistants, promoting a culture of continuous learning and quality improvement.
• Participate in product development initiatives to introduce innovative stop-loss solutions in the market.

Qualifications

• Minimum 2 years of direct experience in medical stop-loss underwriting, with a proven track record of managing complex accounts.
• A deep understanding of self-funded health plans, TPAs, and experience in the broker community.
• Established producer relationships and an existing book of business is a plus but not required.
• Strong proficiency in Microsoft Office Suite and David Young system.
• Exceptional negotiation and interpersonal skills to interact effectively with brokers, clients, and internal teams.
• The ability to effectively communicate, justify, and document underwriting decisions to management and risk partners.
• Sound reasoning and a comprehensive ability to assess both the major drivers of risk and the more subtle aspects that might not be immediately apparent in the facts and circumstances of a case.
• Regular communication with clients and colleagues, via email, zoom, in-person, etc.
• Participation in planning for individual annual goals and quarterly reviews of the division and individual’s own benchmarks.
• Some travel may be expected for client meetings, industry conferences, and professional development opportunities, about 2x per year - 1 week each cycle. 1st and 3rd quarter of each year.