Stop Loss Underwriter
Berkley Accident and Health is a risk management company that designs innovative solutions to address the unique challenges of each client. With an entrepreneurial culture and a strong emphasis on analytics, we 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.
About the role
As a Stop Loss Underwriter, 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 will work closely with more seasoned underwriting staff to develop advanced underwriting acumen over time and gain a thorough understanding of the Company’s clinical, actuarial, claims, and distribution departments. This role operates under the guidance of the Underwriting Manager, with a focus on managing workloads to meet quote deadlines and production targets. You will partner closely with underwriting management to review complex cases requiring a higher degree of underwriting authority.
This position can be fully remote (if not within commutable distance to the office) or based in one of our offices: Hamilton Square, NJ; Marlborough, MA; West Hartford, CT; or Harleysville, PA. Our offices offer a hybrid work schedule with 4 days in the office and 1 day remote where applicable.
Responsibilities
- 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 the 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 relationships using effective communication.
- Accurately document underwriting thought process and authority reviews through the company journal and filing system.
Requirements
- Bachelor’s degree.
- 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 math, communication, and negotiation, with a strong desire to grow these skillsets under the direction of more seasoned staff.
- Proficiency in Microsoft applications including Word, Excel, and Outlook.
Qualifications
- Experience with David Young System.
- Strong consulting and interpersonal skills with an ability to interact with brokers, clients, and service vendors.
- Strong time management skills and self-discipline to effectively manage a large case load volume during peak production cycles.
Benefits
- Base Salary Range: $90,000 - $110,000 (actual salary determined by scope, complexity, location, skills, education, training, credentials, and experience).
- Eligible to participate in annual discretionary bonus.
- Health, Dental, Vision, Life, and Disability insurance.
- Wellness programs and comprehensive Paid Time Off.
- 401(k) and Profit-Sharing plans.
- Employer-funded Health Savings Account.
- Paid parental leave.
- Employee Stock Purchase Plan.
- Tuition assistance and professional continuing education.
Sponsorship is not offered for this role.