Sr. Underwriter - Employee Benefits

MORETON & COMPANY • Salt Lake City, UT

129d • Onsite

About The Position

Provide underwriting, reporting, database management and technical consulting for all new and existing employee benefit accounts with 100+ employees. Develop, manage, and upgrade reporting capabilities for large accounts. Evaluate health plans, funding arrangements and financial models. Apply new techniques and methodologies to meet underwriting goals. Make data driven financially sound decisions based on benefit models and structures.

Requirements

• Firm knowledge of underwriting principles and methodologies.
• B.S. Degree in Economics, Finance, Mathematics or other business related field.
• Successful sales and management record either in insurance industry or other industry.
• Above average mathematical skills/analytical ability and grasp of finance concepts and underwriting principles.
• Strong computer skills, advanced knowledge of Excel, Access, Word, PowerPoint and Visual Basic Programming.
• Willing and able to travel to attend agent's conventions and other industry meetings if so instructed.

Nice To Haves

• Technical education (CEBS, CLU, company courses) helpful and willingness to continue education essential.

Responsibilities

• Provide underwriting, reporting, database management and technical consulting for all new and existing employee benefit accounts with 100+ employees.
• Develop, manage, and upgrade reporting capabilities for large accounts.
• Evaluate health plans, funding arrangements and financial models.
• Apply new techniques and methodologies to meet underwriting goals.
• Make data driven financially sound decisions based on benefit models and structures.
• Ensure all reporting is accurate.
• Attend monthly Benefit Meetings to report on underwriting and procedures.
• Develop and maintain infrastructure needed to support the sales goals with underwriting, reporting and database management.
• Complete annual analytical client plan analysis.
• Provide clients with underwriting reports regarding claims, premiums, trends, and enrollment experience.
• Analyze experience of accounts to assure future plan costs and review prices for accuracy and fairness.
• Develop customized pricing, valuation models and group specific programming for reporting purposes.
• Assist on projects and sales presentations as required.
• Create financial models.
• Develop and maintain an in-depth level of product expertise.
• Provide data driven analytical input that will aid in the corporate decision making process.
• Develop and maintain strong relationships with carriers.
• Work directly with carrier to negotiate renewal premiums.
• Assist clients with renewal decisions and analysis.
• Organize and coordinate workflow among the Account Managers.
• Assist in the calculation of self-funded spreadsheets.
• Have a working knowledge in self-funded insurance financials.
• Contributes to the EB Department profitability, persistency, and sales growth.
• Assist in the calculation of self-funded spreadsheets.
• Provide project management support for client projects.
• Train the departmental staff on benefit plan designs, cost factors and renewal processes for both fully insured and self-funded plans.
• Develop new financial tools and models to support the client decisions.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior