Sr. Underwriting Analyst Job at W.R. Berkley, Parsippany, NJ

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  • W.R. Berkley
  • Parsippany, NJ

Job Description

Company Details

Berkley Accident and Health is a risk management company that designs innovative solutions to address the unique challenges of each client. With our entrepreneurial culture and a strong emphasis on analytics, we can help employers better manage their risk. We offer a broad range of products, including employer stop loss, benefit captives, provider stop loss, HMO reinsurance, and specialty accident. The key to Berkley's success is our nimble approach to risk – our ability to quickly understand, think through, and devise a plan that addresses each client's challenges, coupled with the strong backing of a Fortune 500 company. Our parent company, W. R. Berkley Corporation, is one of the largest and best managed property/casualty insurers in the United States.

The company is an equal employment opportunity employer.

Responsibilities

We have an opportunity for a Sr. Underwriting Analyst to join our Berkley Accident and Health team! You will be responsible for setting up new and renewal prospects for our stop loss/captive Underwriters, as well as performing all other necessary functions required to pre-underwrite the prospect and/or renewal. As a Senior Analyst, you will support training and mentoring of new, entry-level underwriting assistants and analysts.

We have a welcoming culture valuing our employees – we trademarked the phrase Everything Counts, Everyone Matters® to describe the Berkley commitment to our people and how we do business. We believe that every person in the organization is important and every accomplishment makes a difference in our results. Come join us!

Key functions include but are not limited to:

  • Review RFP's and underwriting files to ensure the data is complete and accurate and initiate communication with external parties, including TPAs and brokers, to request any missing documentation
  • Maintain familiarity with reporting capabilities of TPAs and other administrators in order to alert underwriters of any gaps in data or lags in reporting
  • Input employer stop loss characteristics such as benefits, census, large claim information and aggregate claim assessment into David Young system
  • Interpret aggregate claim data for input into our rating system, utilizing proper underwriting protocol
  • During claim input, initiate screening of potential claimants of concern to present to the Underwriter, using knowledge of trigger diagnosis codes and clinical referral guidelines
  • Maintain quote contingencies and qualifications, TPA's and PPO networks, as well as ensuring that all plan amendments are correct and up to date
  • Prepare and distribute renewal letter notifications
  • Participate in Captive renewal calls and biweekly Underwriting meetings
  • Maintain renewal spreadsheet for assigned Underwriters
Qualifications
  • College Degree or equivalent experience
  • 2-4+ years in an underwriting analyst or other underwriting role
  • Proven track record of developing and managing a profitable block of business
  • Strong mathematical background
  • Ability to handle large volume of work efficiently and correctly with limited errors
  • Excellent communication skills with internal and external customers
  • Ability to be productive independently, yet work in a team environment
  • Strong organizational, planning, and time management skills
  • Creativity and problem solving skills a plus.
Additional Company Details We do not accept any unsolicited resumes from external recruiting firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Sponsorship Details Sponsorship not Offered for this Role

Job Tags

Full time, Visa sponsorship,

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