Sr. Underwriting Analyst - Berkley
Hamilton Square, NJ 08619
About the Job
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 team! You will be responsible for setting up new and renewal prospects for the Captive Underwriters, as well as performing all other necessary functions required to pre-underwrite the prospect and/or renewal. You will also 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
- 4+ years working in a stop loss environment
- Knowledge of Stop Loss market and associated terms
- Experience and knowledge of Connexure System (ESL Office)
- Comprehensive knowledge of available employer Stop Loss products, including contract terms and RFP data interpretation
- 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.
