Captive Underwriter Analyst
Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry, today offering over 100 products to commercial customers in 180 countries around the world. 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 can be located in Kennesaw, or Minnetonka, MN
Position Summary:
Under immediate supervision, learns, shadows, and provides support in the Actuarial department of Tokio Marine HCC - A&H Group (TMHCC). You will be involved in activities including, but not limited to, reinsurance and pricing support, budget support, and providing key statistics, analyses and results for our medical stop loss and other related businesses.
Key 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
• Obtain all necessary information required by the Underwriters so they may provide the best quote possible for TPA/brokers.
• 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 policies and procedures
• 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.
• Prepare sold documentation from proprietary database and route to broker or Producer for client review and signature.
• Set up and maintain all sold case files.
• Update and maintain Outstanding Documents Log on a daily basis.
• Follow-up and collect all sold case documentation from TPA/broker. This requires continuous follow-up with client.
• Coordinate communication between the client/TPA/broker and TMHCC departments.
• Act as a liaison between Administration, Underwriting, and Marketing departments.
• Review and save completed sold case files for policy issuance.
• Process all non-renewals and terminations. Notify required parties of non-renewal/termination.
• Notify required parties of non-renewal/termination.
Education, Experience & Knowledge:
• Minimum 4 Year / Bachelors Degree in Business Administration, Risk Management, Accounting, Finance, a related field, or the equivalent education and/or experience.
• Ability to read and interpret documents such as plan of benefits, bid specifications, claim reports, and procedural manuals
• Possess and have ability to apply basic knowledge of principles, practices, and procedures
• Good written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
• Good organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
• Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word).
Additional Working Conditions and Physical Demands
• Overtime hours may be required to fulfill job responsibilities
• May be required to remain stationary for extended periods of time
• 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
The pay range for this position is $21.25-$37.55 which includes geographic adjustments, where applicable. The pay range is the range THMCC, in good faith, believes is the range of compensation for this role at the time of this posting. The hired applicant will be offered pay within the entire range based on the candidate's geographic location, qualifications, work experience, education, and/or skill level. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws.
You do not need to disclose your criminal history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if the Company is concerned about a conviction that is directly related to the job, you will be given the chance to explain the circumstances surrounding the conviction or challenge the accuracy of the background report.
POSITIONS IN WA, NV, IL, MN, OH , NY, CT, D.C., RI, MA, HI, MD, NJ, VT] As an insurance company, we comply with certain federal, state and local laws such as the Violent Crime Control and Law Enforcement Act of 1994 (18 USC § 1033(e)), which restricts our ability to employ individuals with certain types of criminal convictions. Where not restricted by law and for criminal history not covered by this law, the Company will consider qualified applicants with arrest or conviction history in compliance with applicable law.
[POSITIONS IN NV, IL, MN, OH, NY, CT, D.C., RI, MA, HI, MD, NJ, VT]
Tokio Marine HCC offers a competitive salary and a generous employee benefits package including among other benefits, subsidized medical, prescription, dental, vision and basic life and disability insurance, 401(k) plan with Company matching contributions, paid parental leave, paid time off and/or paid sick leave, and educational/loan assistance.
Tokio Marine HCC is a leading specialty insurance company underwriting more than 100 classes of specialty insurance with employees located across 180 counties. TMHCC was established in 1974 and is headquartered in Houston, Texas with offices across the United States and Europe, Mexico, Australia, and in Tokyo, Japan. The Company offers competitive compensation, great benefits, and the strength, stability, growth, and profitability that comes from being a member of the Tokio Marine Group of Companies.Tokio Marine HCC is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.
LI-CM3
stoploss1
