Stop Loss Underwriter Director

$113,600 - $204,480/Yr

Elevance Health - Dearborn, MI

posted 5 months ago

Full-time - Senior
Dearborn, MI
Insurance Carriers and Related Activities

About the position

The Stop Loss Underwriter Director at Elevance Health is a pivotal role responsible for overseeing the underwriting activities related to stop loss insurance across all business units. This position is crucial for ensuring the overall growth and profitability of the organization. The director will be tasked with underwriting and pricing complex new business and renewals, supporting underwriting units on intricate cases, and monitoring the profitability of renewals and prospects in alignment with corporate guidelines. As a subject matter expert, the director will continually seek to improve underwriting and pricing procedures, implementing necessary revisions to existing policies to promote consistency across the board. In this role, the director will collaborate 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 operates under a hybrid workforce strategy, allowing for flexibility while also requiring in-person attendance at Elevance Health locations at least once a week, depending on the specific requirements discussed during the hiring process.

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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