Berkley

Sr. Underwriting Analyst (Medical Stop Loss)

Location Name NJ, Hamilton Square
ID
2024-11401
Date Posted
2 weeks ago(11/5/2024 8:35 AM)
Company
Berkley Accident & Health
Primary Location
US-NJ-Hamilton Square
Loc2
PA, Kulpsville
Loc3
CT, West Hartford - 433 S Main Street Suite 200
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. Underwriting Analyst to join our team! You will be responsible for setting up new and renewal prospects for the Captive Underwriters, as well as performing all other necessary functions required to pre-underwrite the prospect and/or renewal. You will also support training and mentoring of new, entry-level underwriting assistants and analysts.

 

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:

  • Review RFP’s and underwriting files to ensure the data is complete and accurate and initiate communication with external parties, including TPAs and brokers, to request any missing documentation
  • Maintain familiarity with reporting capabilities of TPAs and other administrators in order to alert underwriters of any gaps in data or lags in reporting
  • Input employer stop loss characteristics such as benefits, census, large claim information and aggregate claim assessment into David Young system
  • Interpret aggregate claim data for input into our rating system, utilizing proper underwriting protocol  
  • During claim input, initiate screening of potential claimants of concern to present to the Underwriter, using knowledge of trigger diagnosis codes and clinical referral guidelines
  • Maintain quote contingencies and qualifications, TPA’s and PPO networks, as well as ensuring that all plan amendments are correct and up to date
  • Prepare and distribute renewal letter notifications
  • Participate in Captive renewal calls and biweekly Underwriting meetings
  • Maintain renewal spreadsheet for assigned Underwriters

Qualifications

  • College Degree or equivalent experience
  • 4+ years working in a stop loss environment
  • Knowledge of Stop Loss market and associated terms
  • Experience and knowledge of Connexure System (ESL Office)
  • Comprehensive knowledge of available employer Stop Loss products, including contract terms and RFP data interpretation
  • Proven track record of developing, and managing 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 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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