Optimyl Benefits is hiring a
Stop Loss Underwriter

Summary

Optimyl Benefits is seeking a Stop Loss Underwriter to price, quote, and analyze contracts and policies for group employers. The underwriter will be responsible for ensuring profitability and growth over time, identifying when to decline quotes that do not fit the overall Optimyl strategy, and enforcing business rules. This is a mid-level position with little oversight by Management.

Requirements

• Bachelor’s degree in mathematics, Actuarial Science, Finance, Business, Computer Science, or other quantitative analysis discipline
• 6 years of relevant progressive experience
• 3 - 5 years in Underwriting stop loss new business and renewals
• Proven track record of writing profitable business

Responsibilities

• Uses discretion of Underwriting authority within the policies of Optimyl and ensures appropriate levels of profitability and growth over time
• Identifies when to decline quotes that do not fit the overall Optimyl strategy and risk structure
• Analyzes risk factors for new business enrollment, annual renewals, and amendments in conformance with established underwriting policies, practices, and standards
• Analyzes associated policies, guidelines, and market data to improve risk management, gain appropriate enrollment, or manage existing membership
• Analyzes data such as financial conditions of the organization, participation percentage, type of industry, characteristics of employee groups, and characteristics of individual participants of the group, projected future care costs and past claim experience to determine what benefits can be offered and to set the rates
• Prepares a variety of reports and provides rationale and support to other areas within the organization and possibly producers regarding one or more of the following: underwriting results, rate computations, and financial activity
• Provides expense estimates and accurate analysis of financial exhibits

Benefits

• Competitive Pay and Benefits
• Life insurance, vision, dental, and medical coverage
• 401K plan with employer matching
• Opportunities to Grow
• Collaborative Culture
• Location Flexibility
• Generous Leave Policies. : Our employees enjoy 11 paid holidays per year, 15 days of paid vacation, and 8 days of paid sick leave