Berkley

Sr. Stop Loss Underwriter

Location Name NJ, Hamilton Square
ID
2024-10349
Date Posted
1 day ago(5/17/2024 11:53 AM)
Company
Berkley Accident & Health
Primary Location
US-NJ-Hamilton Square
Loc2
CT, West Hartford - 433 S Main Street Suite 200
Loc3
PA, Kulpsville
Loc4
MA, Marlborough - 400 Donald J Lynch Boulevard
Category
Underwriting

Company Details

Berkley_Accident_&_Health_Logo

 

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 Sr. 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. You will work cross-functionally with clinical, actuarial, claims and distribution to carry through new and renewal business strategies in a professional and thoughtful manner.

 

This role can be based in any of our following office locations: Hamilton, NJ; West Hartford, CT; Kulpsville, PA; or Marlborough, MA

 

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
  • Work collaboratively with clinical underwriting staff to ensure adequate risk premium is established based upon known, ongoing claimants
  • Develop and maintain successful relationships with target production sources within assigned programs, as well as with BAH Sales and Account Management teams
  • Accurately document underwriting thought process and authority reviews through company journal and filing system

Qualifications

  • Bachelor's Degree or equivalent work experience
  • 5+ years of progressive Stop Loss Underwriting experience or equivalent combination of education and experience
  • An 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
  • Confidence and a developed 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
  • Proficiency in Microsoft applications including Word, Excel and Outlook
  • Experience with David Young System (preferred)
  • 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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