This site uses cookies. To find out more, see our Cookies Policy

Underwriter in PA (STOP LOSS EXPERIENCE REQUIRED) in Philadelphia, PA at Tokio Marine HCC

Date Posted: 8/24/2018

Job Snapshot

Job Description

The Stop Loss Group, a member of Tokio Marine HCC, offers an extensive product portfolio including medical stop loss, group term life and long and short-term disability insurance. We provide the self-insured industry with innovative solutions to protect self-funded employers from potentially catastrophic losses.

Position Summary:

Under supervision, make 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:

Relying on limited experience and knowledge, the Underwriter is responsible for accomplishing the following assignments. These assignments are varied in nature.

• Meet annual company goals for profitability, renewal retention, revenue growth, and new business production.
• Evaluates risk acceptability within established guidelines and set appropriate rates and factor levels.
• Analyze proposed plan changes to acceptability and cost.
• Work in conjunction with the Marketing department to follow-up on quoted cases.
• Communicates with TPA/Broker’s to answer questions, explain decisions, deal with problems, build, and maintain productive relationships. Respond appropriately and in a timely manner to service requests.
• Complete RFP’s timely and follow-up for status and competitive numbers. Quote at least 66% of RFP’s received.

Planning
• Follow work plans, established timelines, and pre-defined goals for assigned work.
• Meet commitments on deadlines.

Communication
• Communicate activities, results, and observations with employees and management as appropriate.

Cost Management
• Identify areas for improvement in existing business practices.
• Perform work thoroughly in a cost efficient manner and at a high productivity level.

Business Controls and Policies
• Comply with all corporate policies and procedures.
• Report any breakdowns in controls to management.
• Conduct all activities in a safe manner.

People Management
• No people management responsibility.

Job Requirements

Position Knowledge, Skills, and Requirements:

Education
• Bachelor's degree in Business Administration, Accounting or Finance or a related field or the equivalent education and/or experience
• Prefer work towards CEBS, FMLI, or CLU certification

Experience
• Minimum of two years of relevant and progressive professional experience

Other
• Possess and have ability to apply knowledge of principles, practices, and procedures
• Ability to read and interpret documents such as Plan of benefits, bid specifications, claim reports, and procedural manuals
• Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
• Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
• Knowledgeable of industry changes, legal updates and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment
• Intermediate proficiency and experience using Microsoft Office Package (Excel, Access, PowerPoint, Word)

Working Conditions and Physical Demands:
• Overtime hours may be required to fulfill job responsibilities
• May require travel outside normal work location
• May require a valid driver’s license
• May be required to stoop, bend, or sit for extended periods of time
• May be required to lift up to 10 pounds
• Dexterity of hands and fingers to operate a computer keyboard, mouse, and other devices
• Close vision and ability to adjust focus; required to read a computer screen


HCC Insurance Holdings, Inc. offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking an energetic and confident individual to join our team of professionals. HCC Insurance Holdings, Inc. and its subsidiaries are equal-opportunity employers. Please visit www.hcc.com (file://www.hcc.com/) for more information about our companies.

The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of Companies is an equal-opportunity employer. Please visit www.tmhcc.com for more information about our companies.

CHECK OUT OUR SIMILAR JOBS

  1. Underwriter Jobs
  2. Commercial Underwriter Jobs