Vice President Underwriting-Stop Loss
Oakbrook Terrace, IL
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.
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.
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.
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.
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.
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.
Education and Certifications
Bachelor’s degree or commensurate experience required
Master’s degree preferred
10+ years of medical stop loss underwriting experience
10 + year of leadership experience required
Strong interpersonal skills required