Senior Underwriter

This is a fully remote position, open to applicants in Minnesota.

📋 Description

• Provides underwriting recommendations and makes decisions to safeguard the financial resources of both the company and the carrier.

• Assesses proposal requests to evaluate, categorize, and rate each risk, determining acceptability, coverage, and pricing.

• Establishes and nurtures relationships with producers.

• Operates with expanded underwriting authority and responsibilities in business development.

• Achieves annual company objectives related to profitability, renewal retention, revenue growth, new business production, and customer service standards.

• Evaluates risk acceptability within set guidelines and establishes suitable rates and factor levels.

• Analyzes proposed plan modifications for acceptability and cost implications.

• Collaborates with the Sales department to follow up on quoted cases.

• Engages with third-party administrators, brokers, and other external stakeholders to develop strategies, address inquiries, clarify decisions, manage issues, build and maintain productive relationships, and respond promptly to service requests.

• Works in partnership with management, internal departments, and other relevant parties to meet customer demands and deliver outstanding customer experiences.

• Timely completes requests for proposals (RFPs) and follows up for status and competitive insights.

• Trains and mentors Underwriters and other assigned internal and external personnel.

• Willingness to travel for business development and growth opportunities as needed.

• Demonstrates the ability to effectively participate in and complete assigned projects and other activities.

• Shows eagerness and capability to engage in leadership and growth programs when assigned or nominated.

⛳️ Requirements

• Bachelor's degree in Business Administration, Accounting, Finance, a related field, or equivalent education and/or experience.

• Prefer pursuit of Certified Employee Benefits Specialist (CEBS), Fellow of the Life Management Institute (FLMI), or Chartered Life Underwriter (CLU) certification(s).

• Minimum of 5 years of relevant and progressive professional experience.

• Proven expertise, knowledge, and proficiency in Medical Stop Loss Underwriting.

• Exhibits strategic thinking, foresight, proactivity, and relationship-building skills.

• Capable of reading and interpreting documents such as benefit plans, bid specifications, claim reports, and procedural manuals.

• Possesses and applies knowledge of principles, practices, and procedures effectively.

• Strong written and verbal communication skills, emphasizing confidentiality, tact, and diplomacy.

• Excellent critical thinking and negotiating abilities.

• Advanced organizational and analytical skills; proven ability to manage multiple tasks effectively under time constraints.

• Knowledgeable about the insurance industry and the company's business operations.

• Intermediate proficiency and experience with the Microsoft Office suite (Excel, PowerPoint, Word, Outlook, Teams, etc.).

• Strong collaboration skills with the ability to thrive in a highly team-oriented environment.

• Adaptable and eager to learn.

• Solid organizational skills.

• Preferred: prior knowledge and experience with Young Consulting’s ESLOffice or similar systems.

• Preferred: basic understanding of medical terminology.

🏝️ Benefits

• Comprehensive medical, vision, and dental coverage, with eligibility starting on your first day of employment.

• Basic life and disability insurance included.

• 401(k) plan with a 6% company match.

• 20 days of paid time off (PTO), two floating holidays, approximately 11 paid holidays, and volunteer time off.

• Paid parental leave available.

• Access to an award-winning wellness program, including mental health services, fitness network membership, and a complimentary Headspace subscription.

• Student loan matching program offered.

• Employee discount program available.