Senior Benefits Underwriter

Job not on LinkedIn

🕒 May 26

🇺🇸 United States – Remote

💵 $128k - $160k / year

⏰ Full Time

🟠 Senior

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Ryan Specialty

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 2010

💸 Finance

🤝 B2B

Insurance • Finance • B2B

Ryan Specialty is an international specialty insurance firm that provides innovative solutions for brokers, agents, and insurance carriers. The company offers a range of services including wholesale brokerage, binding authority, and underwriting management through highly specialized managing general underwriters. Ryan Specialty is a leader in the wholesale brokerage industry, providing expertise with local knowledge and national authority. The firm is committed to delivering distinct national specialty programs and bespoke alternative risk solutions, supporting its clients with comprehensive insurance services.

📋 Description

• Execute underwriting for Health coverage, focusing on renewals and new business, utilizing both manual rating and experience rating techniques. • Analyze, select, and evaluate risks, articulating underwriting analyses and suggesting corrective actions to the sales team and broker contacts. • Deliver timely and accurate quotes/binders by determining and calculating premiums based on assessed risks and requested coverage. • Evaluate risk associated with insuring applicants using pertinent underwriting software and established guidelines. • Meet new business premium targets, premium retention goals, and loss ratio expectations for designated territory. • Provide servicing for assigned accounts and brokers in coordination with the Underwriting and Sales teams within the territory. • Prepare and review case referrals for approval where applicable. • Analyze applicant information by reviewing medical histories, financial data, and other pertinent information. • Work collaboratively with internal stakeholders across various functional areas, including Claims, Actuarial, Operations, Finance, Legal, and Compliance. • Ensure compliance with all internal and external standards, actively participating in implementing new compliance protocols. • Support the overall revenue goals at Ryan Specialty through collaboration with Distribution, focusing on achieving new business and retention targets. • Engage in professional development to remain current with industry trends, regulations, and best practices. • Participate in a quarterly self-audit process to ensure compliance and implement necessary actions based on audit findings. • Provide training and support to ensure adherence to underwriting authority and sales practices. • Strategize with territory team members to identify target market segments and to strengthen broker distribution relationships.

🎯 Requirements

• Bachelor’s degree in Business, Finance, Economics, or related field • Minimum of 8 years of Health Insurance Underwriting experience or 3 years with a Master’s degree • A minimum of 3 years of experience working with captive insurance models • Proven experience in underwriting complex employee benefits accounts • Strong knowledge of underwriting principles, risk assessment, pricing methodologies, and regulatory compliance. • Demonstrated leadership and mentoring skills. • Excellent analytical, communication, and interpersonal skills. • Proficiency with underwriting software and data analysis tools.

🏖️ Benefits

• Paid time off for company holidays • Paid vacation • Paid sick days • Paid personal days • Paid parental leave • Mental health services • Health coverage • Comprehensive benefits package