Senior Employee Benefits Underwriter

Job Purpose:

Assess and manage risk associated with insurance policies while optimizing premium pricing for profitability and competitiveness and crucial in maintaining the financial health of the insurance company by balancing risk and revenue.

Key Responsibilities & Accountabilities:

• Evaluate and assess proposed risks to set accurate, adequate, and competitive premiums.
• Conduct pricing analysis on the book of business, ensuring that premiums are both competitive and affordable.
• Handle large and complex accounts, including those with high Gross Written Premium (GWP).
• Assist junior team members in their roles, providing guidance and support to enhance their skills and performance.
• Develop and deliver training to ensure team members are knowledgeable about underwriting practices and procedures.
• Study and assess new group submissions from the sales team, working closely to gather necessary information for pricing.
• Calculate renewal rates based on group experience, contract terms, and conditions.
• Assist the sales team during negotiations with prospects or existing clients, aligning client needs with benefits and budget considerations.
• Contact reinsurers as needed to support underwriting decisions and obtain necessary information.
• Ensure adherence to underwriting guidelines and department authority matrix.
• Prepare and present monthly reports and dashboards to track performance and outcomes.
• Monitor and analyze portfolio performance, identifying trends and recommending improvements.
• Build and maintain relationships with other business areas to enhance communication and facilitate decision-making processes.
• Carry out assigned tasks effectively to achieve both personal and business goals, in accordance with organizational rules and guidelines.

Education / Certifications:

• Bachelor’s degree in business, Finance or Actuarial Science
• Medical background is an advantage.

Job Qualifications:

• Minimum 2 years of experience as an Underwriter is required.

Soft Skills & Behavioral Competencies:

• Strong analytical skills
• Good oral and written communication skills
• Commitment to teamwork
• Good computer skills