Symetra has an exciting opportunity to join our team as a
Sr. Underwriting Consultant – Stop Loss!
About The Role
As a Sr. Underwriting Consultant for Stop Loss, you will evaluate risk on new and/or existing accounts and develops appropriate pricing. You will be accountable for the achievement of profit, persistency, and growth goals through financial analysis of employer groups and medical review of individual members.
What You Will Do
- Case Quote Authority Limit (QAL) of up to $3,000,000 specific excess loss annualized premium and $30,000,000 aggregate attachment point.
- Determine level of risk based on established guidelines and appropriate deviation of guidelines when appropriate.
- Analyze information on past case level aggregate claim and shock loss history, medical information review and consultations with Nurses and/or Doctors as well as other standard criteria.
- Determine needed rate level utilizing multiple tools: manuals, experience rating, plan change tables etc.
- Develop and determine appropriate aggregate factors.
- Underwrite larger and more complex cases.
- Effectively negotiate and communicate case pricing with Field Sales, Brokers, or other producers to arrive at balanced decisions that are expected to achieve company goals and be competitive in the marketplace.
- Serve as a role model for other underwriters. Establish themselves as underwriting experts and as the 'go to" person for underwriting issues. Act as a mentor to other underwriters through, training & consulting.
- Handle high-visibility and/or otherwise special cases. Confer with other Underwriting Consultants, AVP of Underwriting, and or VP of Underwriting on complex cases and situations not established by practice.
- Manage assigned block of business and accountable for meeting departmental goals
- Provide competitive feedback on rates/factors and products to management.
- Recommend improvements in underwriting and marketing strategies.
- Take the lead and facilitate underwriting projects and cross training initiatives.
- Daily interaction with field staff; Sales Reps and other underwriters to maintain consistency and support department workflow.
- Complete underwriting segment response of Marketing RFPs.
- ESL quoting system point person for underwriting region. Assist with month end outstanding renewal finalizations.
- Actively seek out/identify resources and projects to improve underwriting staff and improve understanding of business line within the company and industry.
- May represent Symetra at external events and functions as appropriate
- Provides back-up support for AVP of Underwriting.
- Build and maintain excellent client, Broker, Third Party Administrator, Sales Rep, and internal personnel relations.
Why Work at Symetra
Here’s what some of our employees have to say about why they work at Symetra:
“Symetra is a great place if you are looking for the opportunity to contribute, to grow, to be seen and valued.” Vernell K. – Auditor
“We're big enough to make an impact on the country, but small enough to care and know who you are and what you're contributing to the organization. All new ideas are welcome!” Stephanie F. – VP Customer Service & Operations
What We Offer You
Benefits and Perks
We don’t take a “one-size-fits-all” approach when it comes to our employees. Our programs are designed to make your life better both at work and at home.
- Flexible full-time or hybrid telecommuting arrangements
- Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%
- Paid time away including vacation and sick time, flex days and ten paid holidays
- Give back to your community and double your impact through our company matching
- Want more details? Check out our Symetra Benefits Overview
Compensation
Salary Range: $100,300 – $167,100 plus eligibility for annual bonus program
Your Experience And Skills
- High school diploma or equivalent required. 4-year college degree or equivalent combination of education and business experience preferred.
- 12+ years excess loss risk-based underwriting.
- Extensive knowledge of excess loss products and pricing.
- Adept knowledge of the underwriting discipline and strong understanding of employee benefit plans.
- HIA, MHP, or CEBS designations highly preferred.
- Proven analytical, technical, and problem-solving skills.
- Demonstrated ability to exercise good judgment in making sound decisions.
- Strong attention to detail.
- Excellent organizational skills with the ability to multi-task effectively.
- Strong interpersonal and negotiation skills.
- Service and Sales oriented.
- Excellent written and verbal communication skills.
- Adept presentation skills.
- Effective in a fast paced and high production environment with constantly shifting priorities.
- Proficiency with the Microsoft Office Suite of products.
- David Young/ESL System experience.
- Some minimal travel required
We empower inclusion
At Symetra, we aspire to be the most inclusive insurance company in the country. We’re building a place where every employee feels valued, respected, and has opportunities to contribute.
Inclusion is about recognizing our assumptions, considering multiple perspective, and removing barriers. We accept and celebrate diverse experiences, identities, and perspectives, because lifting each other up fuels thought and builds a stronger, more innovative company. We invite you to learn more about our efforts here .
Creating a world where more people have access to financial freedom
Symetra is a national financial services company dedicated to helping people achieve their financial goals and feel confident about the future. In our daily work, we’re guided by the principles of Value, Transparency and Sustainability. This means we provide products and services people need at a competitive price, we communicate clearly and openly so people understand what they’re buying, and we design products—and operate our company—to stand the test of time. We’re committed to showing up for our communities, lifting up our employees, and standing up for diversity, equity and inclusion (DEI). Join our team and help us create a world where more people have access to financial freedom.
For more information about our careers visit: https://symetra.eightfold.ai/careers
Work Authorization
Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment with our company.
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