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Senior Underwriting Analyst

Job Description

 

Position Summary

The responsibility of a Senior Underwriting Analyst is to deliver high quality underwriting services and work product around renewal of plans, market testing and complex risk analysis on behalf of the Company’s larger and/or more complex clients, collaborating with Account Managers and Executive Case Managers in understanding assigned Company clients’ objectives, while supervising, leading and directing the work of other Analysts.

Essential Functions

  • Assess highly complex and sophisticated client risk, understanding the strategic implications of the competitive carrier/product marketplace, and make sound underwriting-based assumptions to find solutions to meet assigned Company clients’ objectives
  • Lead and mentor Underwriting Analysts
  • Understand the changing carrier product landscape, maintaining good carrier/vendor relationships
  • Renewing and marketing carriers for assigned book of Company clients, meeting all client deliverable timelines and deadlines
  • Analyze complex client demographics and other data to determine risk and appropriate carrier product solutions
  • Provide direction to Analysts in drafting and distribution of Request for Proposals (RFPs) or Request for Renewals (RFRs), following up with carriers
  • Analyze and calculate Company clients’ rates and benefit costs
  • Analyze complex annual renewals and proposals from carriers for accuracy and financial reasonableness based on all factors
  • Negotiate with carriers on behalf of assigned Company clients
  • Lead product/service quality improvement initiatives as needed
  • Lead process improvement protocols for department, making suggestions to process improvements as applicable
  • Design and create complex presentation reports for assigned Company clients’
  • Ensure accuracy of premium rates and benefits collected from carriers
  • Work as a team with Account Management to understand expectations and in meeting deliverables
  • Other duties as assigned

Job Requirements

Skills

  • Able to work in an environment where a wide degree of creativity and latitude is expected
  • Exceptionally strong problem solving skills
  • Advanced understanding of all employee benefit product lines
  • Exceptional organizational and multi-project management skills
  • Attention to detail; quality-oriented
  • Exceptional analytical and writing skills
  • Strong presentation skills; able to effectively articulate and defend complex processes and methodology to internal and external clients
  • Strong PC Skills: Microsoft Outlook, Excel, Word and PowerPoint a must

Experience and Education

  • Bachelor’s degree in Math or related field required, or equivalent experience
  • Minimum ten (10) years experience in the field of health and welfare benefits underwriting
  • Advanced knowledge of alternative funding methodologies
  • Effectively supervise, lead and direct the work of others in department
  • Effectively work within a team environment

Job Snapshot

Employment Type Full-Time
Job Type Insurance
Education Not Specified
Experience 10 to greater than 15 years
Manages Others No
Relocation No
Required Travel Negligible
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