Vice President of Underwriting-Stop Loss

General Search & Recruitement Published: August 21, 2019
Location
Oakbrook Terrace, IL
Job ID
Job-1285

Description

Vice President Underwriting-Stop Loss

Oakbrook Terrace, IL

Overview

You will be responsible participating in the development of Stop Loss strategy,
planning and execution with the goal of positioning this client as a premier
provider of excess medical insurance.

You will ensure profitable growth of the excess medical
insurance businesses through the setting and execution of both sound
underwriting best practices & analysis of global pricing.

This leader will collaborate with cross-functional teams
(finance, legal, marketing, operations, actuarial) to achieve profitable growth
for the client in this segment.

This position will report to the Chief Actuary.

Responsibilities:


  • Product
    Leadership - Creates a multiyear product strategy and business plan
    outlining key objectives, initiatives, relative priorities and financial
    forecast; monitor results relative to plan. Participates with Product
    Development in the ongoing assessment of the marketplace incorporating
    insights produced through industry networking, customer contact, win/loss
    reporting, regulatory environment and competitive intelligence.

  • Underwriting
    Strategy - Develops and executes underwriting strategies and practices
    in support of business plan and financial forecast. Responsible for the
    overall underwriting, pricing, risk analysis, and block management for
    Stop Loss and related products.

  • Staff
    management and development – Leads the team of Underwriters
    responsible for underwriting and securing profitable business. Attention
    to employee development and attainment of a high-performance culture.

  • Cross-Functional
    Leadership - Partners with various business functions to ensure sound
    business decisions, excellent customer service, and operational
    coordination. Appropriately balances need for a competitive product
    offering with profitability requirements. Facilitates internal
    conversations and impact analysis on cost containment strategies, scaling
    the business profitably, and periodic form review.

  • Brand
    Ambassador - Represent Client Company Stop Loss in the external
    market, including but not limited to meetings with key producer partners,
    attendance at large scale industry events, Client-sponsored events, and
    social media; Promote the brand through customer relationship development
    and thought leadership.

Requirements

Education and Certifications

Bachelor’s degree or commensurate experience required

Master’s degree preferred

Experience

10+ years of medical stop loss underwriting experience
required 

10 + year of leadership experience required 

Strong interpersonal skills required

Travel Required


  • 10-15%
    annual travel 

 

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