Employee Benefits Underwriter

Job Title: Employee Benefits Underwriter

Location: Iselin, NJ

About Acrisure:

Acrisure is a global Fintech leader that combines the best of humans and high tech to offer multiple financial products and services to millions of businesses and individual clients. We connect clients to solutions that help them protect and grow what matters, including Insurance, Reinsurance, Cyber Services, Mortgage Origination and more. Acrisure employs over 17,000 entrepreneurial colleagues in 21 countries and have grown from $38 million to $4.3 billion in revenue in just over ten years. Our culture is defined by our entrepreneurial spirit and all that comes with it: innovation, client centricity and an indomitable will to win.

Job Summary:

This position analyzes information to create and assist with delivery of financial deliverables for current and prospective clients with complex benefit programs. Financial deliverables include financial and contractual analysis, claims utilization analysis and modeling, renewal projection and premium rate analysis and modeling.

Essential Duties & Responsibilities:

• Evaluates the financial risk of medical & ancillary benefits for clients and prospective clients
• Proficiently communicates with internal/external customers
• Utilizes group experience and demographic analysis to drive future strategies such as plan changes, stop loss levels, funding changes, & contributions
• Utilizes analytical tools to develop alternative strategies, plan modeling and cost reduction opportunities
• Works with the Consulting Team Members to create Request for Proposals (RFPs) for carriers and manages the financial aspects of the renewal
• Evaluates and explains financial analyses to internal team
• Presents an explanation of financial analyses/strategies to external clients
• Interfaces directly with clients to provide expert underwriting review to explain financial analysis and renewal materials
• Performs technical analysis of group insurance contracts and financial arrangements
• Responsible for understanding and to expertly explain external market influencers and internal experience trends driving benefit costs to clients
• Analyzes and prepares reporting package in accordance with client service calendar financial meetings (e.g. post-renewal, mid-year, pre-renewal, renewal). Reporting package may include but are not limited to:
• Periodic claims utilization, trend and lag analyses
• Rate and Contribution analysis
• Market analysis
• Financial funding analysis
• Renewal rate and funding projections and modeling
• Works with the Consulting Team members and insurance carriers on new business quotes and renewals to include related activities such as: requesting quotes, evaluating option, negotiation of rates and benefit features and, preparing renewal or new plan options with executive summary
• Works closely with Consulting Team Members to ensure strategic objectives of client are clearly articulated and that all client deliverables deliver proactive solutions in line with client strategic objectives
• Acts as a resource for Consultants and Sales Executives to develop strategic plans and solutions for prospects and clients and prospects.
• Mentor and assist with training junior analysts/account managers
• Set priorities for analytical work to meet deadlines
• Participate in training programs to enhance benefit industry knowledge
  
  

Knowledge & Skill Requirements:

• An undergraduate degree is required
• A minimum of 3-5 years’ work experience in the analysis of employee benefit programs and health insurance
• Strong functional knowledge of Excel specific to creating, formatting, and evaluating formulas and working within templates. Must be proficient in Excel, Word, and other MS Office products along with Adobe products
• Ability to work in a fast-paced environment with minimal instruction and a high degree of accuracy and attention to detail
• Broad understanding of alternative funding mechanisms
• Effective interpersonal and written communication skills
• Self-motivated and goal oriented
• Outstanding analytical, problem solving, and critical thinking skills required
• Strong benefit product knowledge required; including, but not limited to, Medical, Dental, Life, Disability, voluntary products, etc.
• Sets priorities and manages workflow to ensure efficient, timely and accurate deliverables
• Ability to manage and negotiate multiple priorities and deadlines
• Maintain a cordial and effective relationship with clients, co-workers, carriers, vendors, and other business contacts.
• Ability to work in a team environment
• Interact with others effectively by utilizing good communication skills, cooperating purposefully, and providing information and guidance, as needed, to achieve the business goals of the company
• Must hold state Health & Life insurance licenses or willing to obtain one within an agreed upon timeframe
• Strong written, oral, and interpersonal communication skills
• Advanced problem solving and critical thinking skills
  
  

Benefits & Perks:

• Competitive Compensation
• Industry Leading Healthcare
• Savings and Investments
• Charitable Giving Programs
• Offering hybrid work option
• Opportunities for Growth
• Parental Leave
• Generous time away
  
  

Acrisure is committed to making an impact in our communities by giving back, with millions committed to children’s health with Helen Devos Children’s Hospital and UPMC Children's Hospital of Pittsburgh.

For more, visit www.Acrisure.com or learn more here.

Acrisure is committed to employing a diverse workforce. All applicants will be considered for employment without attention to race, color, religion, age, sex, sexual orientation, gender identity, national origin, veteran, or disability status. California residents can learn more about our privacy practices for applicants by visiting the Acrisure California Applicant Privacy Policy available at www.Acrisure.com/privacy/caapplicant.

To Executive Search Firms & Staffing Agencies: Acrisure does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered Acrisure’s property, and Acrisure will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting Acrisure’s Human Resources Talent Department.