Stop Loss Underwriter at Jobot
Schaumburg, IL 60173
About the Job
Well-Paying, Exciting Team!
This Jobot Job is hosted by: Ryan Esposito
Are you a fit? Easy Apply now by clicking the "Quick Apply" button
and sending us your resume.
Salary: $115,000 - $125,000 per year
A bit about us:
privately held, independent company that provides member owned group captive and alternative risk solutions for mid-sized businesses across North America. Commercial property and casualty insurance coverage are the typical coverages written.
Our team of professionals are industry specialists who average over 15 years of experience with technical expertise in the following areas: captive insurance solutions, casualty underwriting, property underwriting, reinsurance, actuarial science, information technology, alternative and capital markets, claims and loss control management, commercial insurance and risk management sales and marketing.
Why join us?
Our employees have been working in the alternative risk financing and captive sector of the insurance industry since the early 1980’s, when the alternative risk concept was in its very early stages. We have worked with virtually every industry sector to provide customized group captive and alternative risk solutions over the past 25 years and continue to seek out the best risk financing solutions for our clients.
After many years of creating diverse insurance and risk financing solutions with some of the world’s largest insurance and brokerage companies, Our goal is to offer insurance brokers, agents, and mid-sized commercial businesses a collaborative, user-friendly approach to group captive risk financing solutions.
Job Details
Position Summary:
Makes underwriting recommendations and decisions to protect the financial assets of the Company and the carrier. Reviews proposal requests to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Establishes, maintains, and develops producer relationships. This position has defined underwriting authority and business development responsibility.
Key Responsibilities:
Education, Experience & Knowledge:
Interested in hearing more? Easy Apply now by clicking the "Quick Apply" button.
This Jobot Job is hosted by: Ryan Esposito
Are you a fit? Easy Apply now by clicking the "Quick Apply" button
and sending us your resume.
Salary: $115,000 - $125,000 per year
A bit about us:
privately held, independent company that provides member owned group captive and alternative risk solutions for mid-sized businesses across North America. Commercial property and casualty insurance coverage are the typical coverages written.
Our team of professionals are industry specialists who average over 15 years of experience with technical expertise in the following areas: captive insurance solutions, casualty underwriting, property underwriting, reinsurance, actuarial science, information technology, alternative and capital markets, claims and loss control management, commercial insurance and risk management sales and marketing.
Why join us?
Our employees have been working in the alternative risk financing and captive sector of the insurance industry since the early 1980’s, when the alternative risk concept was in its very early stages. We have worked with virtually every industry sector to provide customized group captive and alternative risk solutions over the past 25 years and continue to seek out the best risk financing solutions for our clients.
After many years of creating diverse insurance and risk financing solutions with some of the world’s largest insurance and brokerage companies, Our goal is to offer insurance brokers, agents, and mid-sized commercial businesses a collaborative, user-friendly approach to group captive risk financing solutions.
Job Details
Position Summary:
Makes underwriting recommendations and decisions to protect the financial assets of the Company and the carrier. Reviews proposal requests to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Establishes, maintains, and develops producer relationships. This position has defined underwriting authority and business development responsibility.
Key Responsibilities:
- Meet annual company goals for profitability, renewal retention, revenue growth, new business production and customer service standards.
- Evaluate risk acceptability within established guidelines and set appropriate rates and factor levels.
- Analyze proposed plans and plan changes for acceptability and cost.
- Work in conjunction with the Sales department to follow-up on quoted cases and achieve desired outcomes.
- Communicate and collaborate with third-party administrators, brokers, and other external parties to answer questions, explain decisions, deal with problems, build and maintain productive relationships, and respond appropriately and in a timely manner to service requests.
- Work collaboratively with management, internal departments, and other parties as necessary to respond to customer needs and deliver exceptional customer experiences.
- Complete requests for proposals (RFPs) promptly and follow-up for status and competitive information.
- Train and mentor Underwriters, and other internal and external personnel as assigned.
- Ability to occasionally travel to visit external and internal parties as needed.
- Ability to successfully participate in and complete projects and other activities as assigned.
- Other duties as assigned.
Education, Experience & Knowledge:
- 4-year bachelor’s degree in business administration, Accounting, Finance, a related field or equivalent education and/or experience.
- 5 or more years progressive and relevant experience.
- Demonstrated expertise, knowledge, and proficiency in Medical Stop Loss Underwriting.
- Demonstrates strategic thinking, anticipation, proactivity, and relationship building skills.
- Ability to read and interpret documents such as plan of benefits, bid specifications, claim reports, and procedural manuals.
- Possess and have ability to apply knowledge of principles, practices, and procedures.
- Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy.
- Strong critical thinking and negotiating skills.
- Advanced organization and analytical skills; demonstrated ability to manage multiple tasks simultaneously and work effectively under time pressure.
- Knowledge of insurance industry and Company's business.
- Intermediate proficiency and experience using Microsoft Office package (Excel, PowerPoint, Word, Outlook, Teams, etc.).
- Collaboration skills and ability to work in a highly team-oriented environment.
- Adaptability and willingness to learn.
- Preferred: previous knowledge and experience using Young Consulting’s ESLOffice or equivalent.
- Preferred: basic knowledge of medical terminology.
Interested in hearing more? Easy Apply now by clicking the "Quick Apply" button.
Salary
115,000 - 125,000 /year