Stop Loss Underwriter Director

$113,600 - $204,480/Yr

Elevance Health - Morristown, NJ

posted 5 months ago

Full-time - Senior
Morristown, NJ
Insurance Carriers and Related Activities

About the position

The Stop Loss Underwriter Director at Elevance Health is a pivotal role responsible for overseeing stop loss underwriting activities across all business units to ensure overall growth and profitability. This position is open to any open-access Pulse Point location and operates under a Hybrid Workforce Strategy, which allows for various levels of flexibility while ensuring that associates have opportunities to connect in-person. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process. In this role, the director will underwrite and price complex new business and renewals, supporting stop loss underwriting units on these tasks. They will monitor and influence the profitability of renewals and prospects in accordance with Corporate Guidelines, serving as a subject matter and process expert. The director will continually improve underwriting and pricing procedures, implementing revisions to existing policies to promote and ensure consistency in underwriting and pricing. Collaboration with actuaries is essential to develop and implement pricing strategies for stop loss prospects and renewals. Additionally, the director will be responsible for developing and participating in training for Specialty and Health Sales staff, ensuring that the team is well-equipped to handle the complexities of stop loss underwriting.

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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