Underwriter III

Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry, today offering over 100 products to commercial customers in 180 countries around the world. Organic growth and over 60 successful acquisitions have grown our 2022 Gross Written Premium (GWP) to $5 Billion. Our workforce has grown to 4,300 worldwide … big, but not so big that you cannot make a difference. Our Good Company values, including integrity, empowerment, and commitment to customer service, and a culture of innovation, communication, and collaboration make TMHCC a great place to work.

TMHCC Stop Loss, a $2 Billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk.

• This role is located onsite in (Minnetonka, MN)*
  
  

Position Summary

Under supervision, makes underwriting recommendations and decisions to protect the financial assets of the company and the carrier. Reviews proposal requests to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Establishes, maintains, and develops producer relationships. This position has defined underwriting authority and business development responsibility.

Key Responsibilities

• Meet annual company goals for profitability, renewal retention, revenue growth, and new business production.
• Evaluates risk acceptability within established guidelines and set appropriate rates and factor levels.
• Analyze proposed plan changes to acceptability and cost.
• Work in conjunction with the Marketing department to follow-up on quoted cases.
• Communicates with third-party administrators/brokers to answer questions, explain decisions, deal with problems, build, and maintain productive relationships. Respond appropriately and in a timely manner to service requests.
• Complete requests for proposal (RFPs) in a timely manner and follow-up for status and competitive numbers. Quote at least 66% of RFPs received.
• Ability to occasionally travel to visit external and internal parties as needed.
• Ability to successfully participate in and complete projects and other activities as assigned.
• Other duties as assigned.
  
  

Education, Experience & Knowledge

• Minimum 4 Year / Bachelors Degree in Business Administration, Accounting, Finance, a related field, or the equivalent education and/or experience.
• 2 Years Relevant and progressive professional experience Other
• Ability to read and interpret documents such as plan of benefits, bid specifications, claim reports, and procedural manuals
• Possess and have ability to apply knowledge of principles, practices, and procedures
• Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
• Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
• Knowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company's business to proactively respond to changing business environment
• Intermediate proficiency and experience using Microsoft Office package (Excel, Access,PowerPoint, Word)
• Collaboration skills and ability to work on a team.
• Adaptability and willingness to learn.
• Strong organizational skills
• Preferred: previous knowledge and experience using Young Consulting’s ESLOffice or equivalent.
  
  

Tokio Marine offers a competitive salary and benefits package, including:

• Generous paid time off (PTO), 12 paid company holidays,
• 401(k) Retirement Plan with 6% company match.
• Health and dental insurance, and vision plan available.
• Company-provided long-term disability and life insurance.
• Opportunities for advancement in a successful and growing organization.
• Flexible work schedules and a great work/life balance.
• Paid Parental Leave.
• Volunteer Time Off.
• Enjoy casual dress and work in a modern, comfortable office with free parking.
• Hybrid work schedule
  
  

The Tokio Marine HCC Group of Companies offers a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of Companies is an equal-opportunity employer. Please visit www.tmhcc.com for more information about our companies.

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