Position Summary

The Stop Loss Underwriter position is responsible for pricing quotes and analyzing the structure of a contract for a group based on claims experience, characteristics of the employee groups, etc.

What will your job entail?

Essential Functions:

• Responsible for a book of business of renewing accounts and writing new business at profitable levels to help the company achieve overall business targets or assigned volume of new applications or RFP’s. Utilizes various systems and tools to obtain necessary data and accurately complete and track assigned work.
• Calculate rates, interpret pricing policy, and adapt to unusual situations.
• Identify questionable claim patterns of renewal clients and issue with competitor’s claims experience for prospect clients and develop recommendations to account for these situations.
• Apply corporate risk management policies and adjust for unusual situations that may not have been considered in the standard rating process.
• Identify when clients do not comply with corporate risk management policies, disclosure rules, or conditions/criteria for enrollment.
• Recommend appropriate adaptation of pricing within the appropriate policy or guideline to accommodate each client-specific or individual situation.
• Analyze member risk and engage internal departments to manage this risk.
• Support other internal initiatives which may include but is not limited to fraud detection, corporate compliance, wellness/disease management, and product development efforts.
• Complete renewals, prospect quotes, review of lower-level analyst work in accordance with production and timeliness standards.
• Adapt to changing priorities as quotes come in from different markets and adapt to new priorities and requirements.
• Communicate recommendations of policy adaptation to accommodate client-specific situations supported by a clear rationale or management principles.
• Influence Sales team and external audiences toward appropriate risk solutions.
• Influence Sales team towards the appropriate pricing and structure of each quote. When necessary, influence other market partners, e.g., brokers and TPAs.

Work Experience:

• 3-5 years’ underwriting experience.
• Skilled and knowledgeable interaction with various internal departments and external stakeholders.
• Ability to use applicable computer systems, electronic tools, and applications.
• Ability to work independently and assume responsibility for projects across a continuum from routine to highly complex.
• Demonstrate an understanding and support of corporate and departmental goals and initiatives.
• Demonstrate ethical business practices with adherence to all privacy and confidentiality policies and regulations.
• Good problem-solving, organizational, and negotiation skills required.
• Excellent math aptitude required to complete analysis.
   

Education:

• Bachelor’s Degree preferred.

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates 

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $88,000.00 - $110,000.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/. 

 

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com 

 

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.