Stop Loss Underwriter Director

$113,600 - $204,480/Yr

Elevance Health - Walnut Creek, CA

posted 5 months ago

Full-time - Senior
Walnut Creek, CA
Insurance Carriers and Related Activities

About the position

The Stop Loss Underwriter Director at Elevance Health plays a crucial role in overseeing stop loss underwriting activities across all business units, ensuring the overall growth and profitability of the organization. This position is pivotal in underwriting and pricing complex new business and renewals, supporting underwriting units, and monitoring the profitability of renewals and prospects in accordance with corporate guidelines. The director serves as a subject matter expert, continually improving underwriting and pricing procedures while implementing necessary revisions to existing policies. In this role, the director will work closely with actuaries to develop and implement pricing strategies for stop loss prospects and renewals. Additionally, the director will be responsible for developing and participating in training programs for Specialty and Health Sales staff, ensuring that the team is well-equipped with the knowledge and skills necessary to succeed in their roles. The position requires a strong understanding of the stop loss insurance market and the ability to influence profitability through effective underwriting practices. The director will also promote and ensure consistency in underwriting and pricing across the organization, which is essential for maintaining the integrity and competitiveness of Elevance Health's offerings in the market. This position is integral to the company's commitment to providing high-quality insurance solutions while achieving financial objectives.

Responsibilities

  • Underwrites and prices complex new business and renewals.
  • Supports stop loss underwriting units on complex new business and renewals.
  • Monitors and influences profitability of renewals and prospects in accordance with Corporate Guidelines.
  • Serves as a subject matter and process expert.
  • Continually improves underwriting and pricing procedures and implements revisions to existing policies.
  • Promotes and ensures underwriting and pricing consistency.
  • Works with actuaries to develop and implement pricing of stop loss prospects and renewals.
  • Develops and participates in training of Specialty and Health Sales staff.

Requirements

  • Requires a BS/BA in mathematics or a related field.
  • Minimum 7 years of Large Group underwriting experience.
  • Any combination of education and experience that would provide an equivalent background.

Nice-to-haves

  • Stop loss experience highly preferred.

Benefits

  • Comprehensive benefits package
  • Incentive and recognition programs
  • Equity stock purchase
  • 401k contribution
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