Underwriting Analyst

Tokio Marine HCC • Minnetonka, MN

21h • Hybrid

About The Position

Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry and today offers over 100 products to commercial customers in 180 countries worldwide. Organic growth and over 60 successful acquisitions have grown our 2022 Gross Written Premium (GWP) to $5 billion. Our workforce has grown to 4,300 worldwide … big, but not so big that you cannot make a difference. Our Good Company values, including integrity, empowerment, and commitment to customer service, and a culture of innovation, communication, and collaboration, make TMHCC a great place to work. TMHCC Stop Loss, a $2 billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk. This role is located onsite in Minnetonka MN Position Summary: Relying on experience and knowledge, this role is responsible for accomplishing the following assignments. These assignments reflect substantial variety and are broad in nature.

Requirements

• 5 Years Relevant and progressive experience in area of specialization minimum
• High school or GED
• Ability to read and interpret documents such as plan of benefits, bid specifications, claim reports, and procedural manuals
• Possess and have ability to apply knowledge of principles, practices, and procedures
• Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
• Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
• Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)
• Overtime hours may be required to fulfill job responsibilities
• May be required to remain stationary for extended periods of time
• May be required to move up to 10 pounds
• Must be able to operate a computer and other devices
• Close vision and ability to adjust focus, such as required to read a computer screen

Responsibilities

• Pull and distribute census and zip code information to be entered into internal databases (PA) by Underwriting Assistants.
• Evaluate, analyze, and/or interpret plan documents, amendments, and/or schedules of benefits provided by third-party administrators (TPAs)/brokers.
• Responsible for the accuracy and completion of underwriting information and data entry forms pertaining to new and sold business, as well as renewal and life cases.
• Data entry of all pertinent information obtained through the analysis of requests for proposal (RFPs) to generate manual rates from internal database.
• Evaluate, analyze, and/or interpret aggregate reports provided by TPA/brokers to determine risk and also assist Underwriters with their determination of discretion to assign.
• Obtain all necessary information required by the Underwriters so they may provide the best quote possible for TPA/brokers.
• Generate analysis reports for underwriters illustrating the progress of the HCCB Underwriting department and other factors pertaining to renewal and new business growth.
• Communicate effectively with TPA/brokers, peers, and other departments.
• Answer questions, within scope of ability and refer other questions to appropriate person.
• Study and learn underwriting manual and HCCB Underwriting procedures to work towards an underwriting position.
• Maintain required documentation on all RFPs and policy renewals in system, manual files, and scanned document storage.
• Perform other general clerical duties such as data entry, mailing, copying, filing, faxing, scanning, ordering supplies, and operating departmental office equipment.

Benefits

• Generous paid time off (PTO), 12 paid company holidays, 401(k) Retirement Plan with 6% company match.
• Health and dental insurance, and vision plan available.
• Company-provided long-term disability and life insurance.
• Opportunities for advancement in a successful and growing organization.
• Flexible work schedules and a great work/life balance.
• Paid Parental Leave.
• Volunteer Time Off.
• Enjoy casual dress and work in a modern, comfortable office with free parking.
• Hybrid work schedule

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED