Stop Loss Underwriter Director

$113,600 - $204,480/Yr

Elevance Health - South Portland, ME

posted 5 months ago

Full-time - Senior
South Portland, ME
Insurance Carriers and Related Activities

About the position

The Stop Loss Underwriter Director at Elevance Health is a pivotal role responsible for overseeing the stop loss underwriting activities 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, which involves a deep understanding of the market and the ability to make informed decisions that align with corporate guidelines. In this role, the director will support stop loss underwriting units on complex new business and renewals, ensuring that all underwriting practices are consistent and adhere to established policies. The director will also monitor and influence the profitability of renewals and prospects, acting as a subject matter expert in the field. Continuous improvement of underwriting and pricing procedures is a key responsibility, as is the implementation of revisions to existing policies to enhance efficiency and effectiveness. Collaboration with actuaries is essential, as the director will work closely with them to develop and implement pricing strategies for stop loss prospects and renewals. Additionally, the director will play a significant role in the training and development of Specialty and Health Sales staff, ensuring that they are equipped with the necessary knowledge and skills to succeed in their roles. This position requires a strategic mindset and the ability to lead a team effectively while fostering a culture of excellence in underwriting practices.

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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