Underwriting Leader, Captives

Position: Underwriting Leader, Captives

Business Segment: Captives

Reports to: Senior Vice President, Captives Division

Location: Hamilton, NJ or Marlborough, MA

Captives Underwriting Leader Job Summary:

The Underwriting Leader is a seasoned medical stop loss underwriting professional who has the years of experience and knowledge to manage a staff of underwriters, as well as exercise sound judgment to achieve appropriate risk adjusted rates of return. In this role you will be a member of the Captives Executive Team; you will collaborate with Captives SVP, Distribution, and Program teams to efficiently manage the quote, negotiation and underwriting activity for our various medical stop loss group captive programs. The role requires the ability to manage a staff of underwriters including workload assignments, personnel and performance reviews, training, and overall strategic guidance. Leader is expected to analyze both financial and clinical risk contingencies, understand the unique risk management initiatives within each programs, and develop rating strategies accordingly.

Captives Underwriting Leader Essential Duties include:

• Collaborate with Senior VP to achieve product financial targets, produce department KPIs, and participate in overall product strategic development.
• Work with Business Development team to ensure deadlines are met.
• Travel with Business Development and Program Management teams to meet with producers and program members.
• Oversee the activity assignments and workload balance of staff of UWs
• Assume an actual assigned workload as appropriate
• Support staff on challenging risk evaluations, service situations, and during periods of high activity
• Ensure staff is properly composing, preparing, and generating correspondence, proposals, and other reports as needed or required.
• Ensure staff is conducting clinical risk evaluations utilizing available resources.
• Make pricing recommendations that will lead to acceptable risk adjusted returns.
• Evaluate and propose pricing on Stop Loss business within stated authority limits.
• Oversee the review of Applications, Policies, Plan Documents/Amendments, and Proposal Contingencies ensuring that they are complete, accurate and in accordance with the sold case terms.
• Ensure that staff is digging in on all data points and analyzing all submitted data from production source.
• Prepare detailed referral recommendations beyond authority limits to SVP that include historical and proposed ESL terms, clinical diagnosis, and paid claims to properly evaluate risk with recommendations on rates, lasers and other contingencies.
• Develop a comprehensive understanding of terms and conditions relative to each EmCap program.

Captives Underwriting Leader Qualifications include:

• Must demonstrate the ability to think strategically about the overall product, marketplace, and stop loss risk management environment
• Ability to manage staff while also handling assigned business activity.
• Confidence to lead strategic and challenging discussions with senior management, staff, and producing sources • Strong math, communication and analytical skills.
• Strong Negotiation Skills
• Strong multi-tasking ability
• Strong time management skills.
• Proficient in Microsoft Word and Excel
• Experience with David Young System preferred
• Bachelor’s Degree and 10+ years of Stop Loss Underwriting experience or equivalent combination of education and experience.

In addition:

• Must exhibit professional behavior at all times while representing or being identified as an employee of Berkley Accident & Health
• Establish and maintain positive working relationships with all operational areas, management and staff to further the company’s mission
• Strong consulting and interpersonal skills with an ability to interact with brokers, clients and service vendors.

Ability to travel 20%Berkley Accident and Health (Berkley) 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 (NYSE: WRB) is one of the largest and best managed property/casualty insurers in the United States.