Senior Underwriter - Employee Benefits

Foundation Risk Partners•Camden, NJ

4d•Onsite

About The Position

Foundation Risk Partners (FRP) is seeking a Senior Underwriter to join their Corporate Synergies team in the Philadelphia Metro Region. This role supports complex health and welfare programs by partnering with the Vice President of Underwriting and the Account Management team. The Senior Underwriter is crucial for developing renewal strategies, analyzing claims data, and ensuring the accuracy and consistency of underwriting deliverables for both fully insured and self-insured clients.

Requirements

Proven ability to build strong relationships with clients, carriers, and internal partners
In-depth knowledge of carrier processes, plan designs, funding arrangements, and stop-loss contracts
Strong analytical, organizational, and attention-to-detail skills
Excellent written and verbal communication abilities
Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
Ability to manage multiple priorities in a fast-paced environment
Comfortable working both independently and as part of a collaborative team
Minimum of 5+ years of underwriting experience with a health and welfare carrier or brokerage, supporting employer groups of 100+ lives

Responsibilities

Analyze carrier renewals and manage ongoing carrier interactions
Review proposals and underwriting materials for accuracy and completeness
Review and analyze claims reports; oversee claims reporting for self-insured clients
Develop self-insured budgets, including premium equivalent rate calculations
Prepare fully insured pre-renewal projections and financial models
Participate in pre-renewal and renewal strategy meetings with internal teams and clients
Conduct ad hoc claims and utilization analyses as needed