Senior Underwriter

Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry, today offering over 100 products to commercial customers in 180 countries around the world.  Organic growth and over 60 successful acquisitions have grown our 2022 Gross Written Premium (GWP) to $5 Billion.  Our workforce has grown to 4,300 worldwide … big, but not so big that you cannot make a difference.  Our Good Company values, including integrity, empowerment, and commitment to customer service, and a culture of innovation, communication, and collaboration make TMHCC a great place to work. 

TMHCC Stop Loss, a $2 Billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk. 

*This role can be onsite or fully remote

Position Summary:

Makes underwriting recommendations and decisions to protect the financial assets of the company and the carrier. Reviews proposal requests to evaluate, classify, and rate each risk to determine acceptability, coverage, and pricing. Establishes, maintains, and develops producer relationships. Works with expanded underwriting authority and business development responsibility.

Key Responsibilities:

• Meet annual company goals for profitability, renewal retention, revenue growth, new business production and customer service standards.

• Evaluate risk acceptability within established guidelines and set appropriate rates and factor levels.

• Analyze proposed plan changes to acceptability and cost.

• Work in conjunction with the Marketing department to follow-up on quoted cases.

• Communicate with third-party administrators, brokers, and other external parties to collaborate on strategy, answer questions, explain decisions, deal with issues, build and maintain productive relationships, and respond appropriately and in a timely manner to service requests.

• Work collaboratively with management, internal departments, and other parties as necessary to respond to customer needs and deliver exceptional customer experiences.

• Complete requests for proposals (RFPs) promptly and follow-up for status and competitive information.

• Train and mentor Underwriters, and other internal and external personnel as assigned.

• Ability to travel to visit external and internal parties as needed.

• Ability to successfully participate in and complete projects and other activities as assigned.

Education, Experience & Knowledge:

• 5 Years relevant and progressive professional experience

• 4 Year / Bachelors Degree in Business Administration, Accounting, Finance, a related field, or the equivalent education and/or experience

• Demonstrated expertise, knowledge, and proficiency in Medical Stop Loss Underwriting.

• Demonstrates strategic thinking, anticipation, proactivity, and relationship building skills.

• Ability to evaluate non-standard self-funded arrangements including but not limited to various point solutions or cost mitigations programs in the marketplace and ability to effectively communicate rational of suggested pricing.

• Ability to have an unconventional underwriting methodology mindset while maintaining sound underwriting discipline.

• Ability to read and interpret documents such as plan of benefits, bid specifications, claim reports, and procedural manuals.

• Possess and have ability to apply knowledge of principles, practices, and procedures.

• Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy.

• Strong critical thinking and negotiating skills.

• Advanced organization and analytical skills; demonstrated ability to manage multiple tasks simultaneously and work effectively under time pressure.

• Knowledge of insurance industry and Company's business.

• Intermediate proficiency and experience using Microsoft Office package (Excel, PowerPoint, Word, Outlook, Teams, etc.).

• Collaboration skills and ability to work in a highly team-oriented environment.

• Adaptability and willingness to learn.

• Strong organizational skillset.

• Preferred: previous knowledge and experience using Young Consulting’s ESLOffice or equivalent.

• Preferred: basic knowledge of medical terminology.

• Overtime hours may be required to fulfill job responsibilities

Tokio Marine offers a competitive salary and benefits package, including: 

• Generous paid time off (PTO), 12 paid company holidays,

• 401(k) Retirement Plan with 6% company match.

• Health and dental insurance, and vision plan available.

• Company-provided long-term disability and life insurance.

• Opportunities for advancement in a successful and growing organization.

• Flexible work schedules and a great work/life balance.

• Paid Parental Leave.

• Volunteer Time Off.

• Enjoy casual dress and work in a modern, comfortable office with free parking.

• Hybrid work schedule

The reasonable pay range for this position is $69,500- $140,500 subject to geographic adjustments, where applicable. The pay range is the range THMCC, in good faith, believes is the range of compensation for this role at the time of this posting. The hired applicant will be offered pay within the entire range based on qualifications, work experience, education, and/or skill level. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws.

The Tokio Marine HCC Group of Companies offers a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of Companies is an equal-opportunity employer. Please visit www.tmhcc.com for more information about our companies.

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