Underwriting Analyst

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.

 

This role will be based in our Marlborough, MA or Hamilton Square, NJ office.  We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.

 

The Company is an equal employment opportunity employer.   #LI-AV1 #LI-HYBRID 

Responsibilities

The Underwriting Analyst position is for an experienced individual with a minimum of 2+ years of experience in the stop loss field.   The selected candidate will be setting up new and renewal prospects for the Captive Underwriters, as well as performing all other necessary functions required to underwrite the prospect and/or renewal.  This individual will also be involved in the implementation of materials required for issuance and sold case processing.

 

What you can expect:

• Culture of innovation, teamwork, supportive colleagues and leaders willing to invest in talent
• Internal mobility opportunities 
• Visibility to senior leaders and partnership with cross functional teams
• Opportunity to impact change
• Benefits – competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education 

We'll count on you to:

• Knowledge of Stop Loss market and associated terms
• Review RFP’s an underwriting files to ensure the data is complete an accurate
• Input employer stop loss characteristics such as benefits, census, large claim information and aggregate claim assessment into David Young system
• Maintain quote qualifications and competitive rates
• Prepare and distribute renewal letter notifications
• Participate in Captive renewal calls and biweekly Underwriting meetings
• Maintain renewal spreadsheet for assigned Underwriter(s)
• Ability to manage, maintain and handle assignments as warranted
• Accurately document files 
• Sold case preparation and issuance of applications

Qualifications

• High School Diploma
• Minimum of 2+ Years working in a stop loss environment
• Experience and knowledge of David Young Underwriting System
• Comprehensive knowledge of available employer Stop Loss products, including contract terms and RFP data interpretation
• Proven track record of developing, managing and underwriting a profitable block of business
• Strong mathematical background
• Ability to handle large volume of work efficiently and correctly with limited errors
• Excellent communication skills with internal and external customers
• Ability to be productive independently, yet work in a team environment.
• Strong organizational, planning, and time management skills
• Creativity and problem-solving skills a plus.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include: • Hourly Pay Range: $25.64 to $30.77 • Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and generous Profit-Sharing plans. 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