What are the responsibilities and job description for the Sr. Underwriting Analyst position at Berkley Accident and Health (a Berkley Company)?
Company Details
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 Berkley Accident and Health team! You will be responsible for setting up new and renewal prospects for our stop loss/captive Underwriters, as well as performing all other necessary functions required to pre-underwrite the prospect and/or renewal. As a Senior Analyst, you will 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
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
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 Berkley Accident and Health team! You will be responsible for setting up new and renewal prospects for our stop loss/captive Underwriters, as well as performing all other necessary functions required to pre-underwrite the prospect and/or renewal. As a Senior Analyst, you will 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
- College Degree or equivalent experience
- 2-4 years in an underwriting analyst or other underwriting role
- 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.
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
