Benefits Underwriter

Ryan Specialty

2d•$132,000 - $165,000

About The Position

The Senior Benefits Underwriter will develop policies, procedures and uncover areas to improve the underwriting process. This role is overseeing the evaluation and approval of insurance applications, specifically those related to employee benefits. The role will work closely with Specialty Sales, Claims and Operations, Finance, Legal, Risk and Compliance to help achieve strategic initiatives, which will assure the long-term growth of profits in the Healthcare space. What will your job entail?

Requirements

Bachelor’s degree in fields such as business, finance, economics, or a related field.
7+ years of Health Insurance Underwriting Experience with Stop Loss preferred

Responsibilities

Creating and updating underwriting policies and guidelines.
Evaluating the risk associated with insurance applications and determining appropriate coverage levels.
Review, analyze, and inspect insurance risks.
Act as subject matter expert and advise staff on process, procedures and risk management, rating, and regulations.
Ensuring all underwriting activities comply with established procedures and regulations.
Oversee and ensure the team is servicing assigned accounts and supporting brokers, in conjunction with other Underwriting and Sales team members within assigned territory.
Adhere to the quarterly audit process to assure 100% and timely compliance and take necessary actions on audit recommendations and findings.
Work closely with other functional areas: Claims; Actuarial; Operations; Finance; Legal and Compliance.
Oversee team and coach the team to achieve overall Ryan Specialty goals in collaboration with Distribution. Work closely and share responsibility for overall revenue goal through new business and retention targets.
Providing coaching, support, and educational programs to develop the underwriting team’s expertise.
Ensuring all underwriting activities comply with regulatory and compliance requirements.