Sr. Underwriter

MORETON & COMPANY•Salt Lake City, UT

1d•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
Have a working knowledge in self-funded insurance financials
Demonstrate skills of persuasion, and possesses good oral and written communication skills
High degree of self-discipline and motivation
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

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
Contributes to the EB Department profitability, persistency, and sales growth
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