Associate Underwriter - Employer Stop Loss (Remote)
Crum & Foster
Location: EDINA, Minnesota
Internal Number: 2022-2409
Crum & Forster Company Overview
Crum & Forster (C&F) , with a proud history dating to 1822, provides specialty and standard commercial lines insurance products through our admitted and surplus lines insurance companies.
Approaching $4 billion in written premium as of 2021, C&F enjoys a financial strength rating of A (Excellent) by A.M. Best.
C&F is proud of its superior customer service platform and its claims and risk engineering services are recognized as among the best in the industry.
Our most valuable asset is our people 2500+ employees, and growing, in locations throughout the United States. The company is increasingly winning recognition as a great place to work, earning workplace and wellness awards.
C&F is part of Fairfax Financial Holdings, a global organization with $23.8 billion in revenue as of 2021.
For more information about Crum & Forster, please visit our website: www.cfins.com
Summary of Position:
This position offers a unique opportunity to work with an expanding team of high quality leaders, in an entrepreneurial environment, with the benefits of a smaller organization but the security, stability and opportunity of a large company. The Group Underwriter is responsible for managing the pricing for a small block of stop loss business. They will partner with our sales team to help grow the top line while ensuring we meet our target loss ratio. The Associate Underwriter will also assist more Senior Underwriters with case set up and making sure the correct reporting is received.
What you will do:
Assess the information provided to develop sound Specific and Aggregate Stop Loss pricing recommendations for both prospective and inforce Employer Stop Loss accounts within the North River Underwriting Guidelines.
Ability to screen large claims data prior to sending for nurse review with assistance from a Sr UW/Manager.
Begin developing strategic relationships with sales and underwriters, brokers, third-party administrators (TPAs) and other external and internal partners.
Provide support for clients on plan designs and stop loss coverage with the support of the account manager.
Begin participating in the sales process by working with the Sr UW and sales team to formulate successful strategy.
Makes independent recommendation within underwriting guidelines and seeking support from managers and also maintains proper file documentation.
Managed assigned workload for set up to meet productivity and timely service.
Manage workflow during high volume periods to meet assigned deadlines.
Ability to identify drivers of medical expenses in new and renewal cases.
Provide feedback to Management to provide input on Underwriting policies and procedures as necessary.
Coordinate with Administration to provide documentation in compliance with Underwriting policies and procedures for Audit.
Maintain profitable block according to department goals.
Willingness to travel 1-2 times per year to develop relationships.
What you will bring to C&F:
Bachelors Degree from an accredited institution.
Minimum of 2 years of experience in medical stop loss underwriting and products.
Highly developed knowledge and understanding of healthcare payers, health plan administration, and medical service providers.
Advanced knowledge of Medical Underwriting practices and principles.
Knowledge of DYS a plus.
Possesses strong communication and problem solving skills.
Superior risk management and math skills.
Excellent organizational and time management skills.
Strong interpersonal skills necessary to interact with brokers, producers and
Strong verbal and written communication skills.
Flexible and open to an ever changing, fast paced environment.
Exceptional attention to detail.
Ability to multi-task with an emphasis on quality and customer service.
What C&F will bring to you
Competitive compensation package
Generous 401K employer match
Employee Stock Purchase plan with employer matching
Generous Paid Time Off
Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole familys wellness, including your physical, mental and financial wellbeing
A core C&F tenet is owning your career development, so we provide a wealth of ways for you to keep learning, including tuition reimbursement, industry-related certifications and professional training to keep you progressing on your chosen path
A dynamic, ambitious, fun and exciting work environment
We believe you do well by doing good and want to encourage a spirit of social and community responsibility, matching donation program, volunteer opportunities, and an employee-driven corporate giving program that lets you participate and support your community
At C&F you will BELONG
We value inclusivity and diversity. We are committed to equal employment opportunity and welcome everyone regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. If you require special accommodation, please let us know.