Stop Loss Underwriter

Berkley Accident and Health (a Berkley Company)
Kulpsville, PA Full Time
POSTED ON 5/17/2024 CLOSED ON 7/30/2024

Job Posting for Stop Loss Underwriter at Berkley Accident and Health (a Berkley Company)

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.

The company is an equal employment opportunity employer.

Responsibilities

We have an opportunity for a Stop Loss Underwriter to join our Berkley Accident and Health (BAH) team! 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. This is an individual contributor role, working under the supervision of the Underwriting Manager and/or AVP of Underwriting.

We have a welcoming culture valuing our employees – we trademarked the phrase Everything Counts, Everyone Matters® to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important and every accomplishment makes a difference in our results. Come join us!

Key Functions Include But Are Not Limited To

  • 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

  • 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
  • Strong consulting and interpersonal skills with an ability to interact with brokers, clients and service vendors
  • A basic skillset in the areas of math, communication and negotiation
  • Strong time management skills and self-discipline to effectively manage a large case load volume during peak production cycles
  • 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

Additional Company Details

We do not accept any unsolicited resumes from external recruiting firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

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
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Estimate Salary for Stop Loss Underwriter in Kulpsville, PA
$68,744 (Medium)
$60,941 (25th)
$79,212 (75th)
For Employer
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