Bachelor's Degree required, 5+ years of medical stop loss underwriting experience, Intermediate Excel skills, In-depth knowledge of medical stop loss line of business and legal guidelines..
Key responsabilities:
Lead and manage underwriting operations in the medical stop loss market
Conduct in-depth analysis of applications and financial documents
Underwrite and analyze new and renewal business
Develop and maintain relationships with agents and brokers for business acquisition.
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MSL Captive Solutions Inc., a division of Strategic Risk Solutions Inc. (SRS), the world’s largest independent insurance company manager, is growing and looking for a Stop Loss Policy Administration Team Lead experienced in stop loss policy administration.
This remote U.S. based role is tailored for experienced Underwriters with solid knowledge of underwriting philosophies and techniques within medical stop loss.
Responsibilities and Duties
Lead and manage the underwriting operations as we grow in an emerging, exciting segment of the medical stop loss market
Conduct in-depth analysis of applications, financial documents, and other relevant information to make informed decisions
Performing risk assessments on potential clients to minimize financial loss
Underwrite and analyze new and renewal business
Develop, and maintain relationships with agents and brokers in support of business acquisition and retention
Work with customers and distributors to determine their (re)insurance related needs and to provide solutions
Attributes and Skills
Bachelor's Degree required
5+ years’ experience of medical stop loss underwriting experience
Intermediate Excel skills
Solid knowledge of processing methods and workflow procedures, and basic knowledge of insurance underwriting and regulations for assigned territories
In-depth knowledge of medical stop loss line of business and the legal and regulatory guidelines
Previous experience with medical stop loss captives is preferred but not required
Superior skills in relationship building, active listening, needs analysis and win-win negotiating
Ability to communicate and negotiate with all areas related to the captive functions, including underwriting, program management, carrier management as well as producers and employers
Ability to effectively assess risk
Guide and mentor junior underwriters
Strong documentation skills
About Strategic Risk Solutions SRS is the world’s largest independent insurance company manager. With over 25 years of experience, SRS provides management and consulting services to a wide range of insurance company entities, from single parent captives to complex commercial insurers and reinsurers. SRS has operations in the United States, Canada, Europe, Barbados, Bermuda, Cayman Islands, Latin America, and South Africa.
Offering a competitive salary, bonus plan, and a generous benefits package, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. The pace is fast and demanding, and SRS’s dedication to its people has established a company-wide network of colleagues committed to each other’s, as well as the Company’s, success. EOE