Underwriter

Symetra has an exciting new opportunity to join our team as a Senior Employer Stop Loss Underwriter: Captives!

About the role

In this role you will be responsible for risk-based underwriting of new and/or existing captive accounts. You'll be accountable for the achievement of profit, persistency, and growth goals through financial analysis of employer groups.

What you will do

Based on a case Quote Authority Limit of up to $3M specific stoploss annualized premium and $20M aggregate attachment point:

• Determine level of risk based on established guidelines
• Analyze information on past claim history and other standard criteria
• Determine needed rate level using multiple tools, including a medical evaluation of ongoing large claimant concerns
• Develop and determine appropriate aggregate factors
• Underwrite larger and more complex cases
• Release final rates and factors
• Accountable for profitability and all risk-based decisions
• Manage performance of new and/or existing accounts for assigned territories in the following areas:

• Target Final Effective Renewal Rate Increases
• Close Ratio
• Case Premium Persistency
• Billed to Blended Manual Ratio
• Quote Turn Around Time

Provide competitive feedback on rates/factors and products to management

Recommend improvements in underwriting and marketing strategies

Participate in Underwriting Projects and Cross Training Initiatives

Daily interaction with agents, field staff, marketing reps and other underwriters to maintain consistency and support department workflow

Build and maintain excellent client, Rep, TPA and internal personnel relations

Serve as a resource to junior level underwriters

May supervise Underwriting Analysts

Why Work at Symetra

Here's what some of our employees have to say about why they work at Symetra:

"At Symetra, you will find an environment where leaders, peers, and subordinates all work together. A place that values all your skills, whether academic, personal, or functional." Alex A. - Corporate Records Manager

"We're big enough to make an impact on the country, but small enough to care and know who you are and what you're contributing to the organization. All new ideas are welcome!" Stephanie F. - VP Customer Service & Operations

What we offer you

Benefits and Perks

We don't take a "one-size-fits-all" approach when it comes to our employees. Our programs are designed to make your life better both at work and at home.

• Flexible full-time or hybrid telecommuting arrangements
• Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%
• Paid time away including vacation and sick time, flex days and ten paid holidays
• Give back to your community and double your impact through our company matching
• Want more details? Check out our Symetra Benefits Overview

Compensation

Salary Range: $73,200 - $122,000 plus eligibility for annual bonus program

Requirements

Your experience and skills

• Bachelor's Degree or equivalent combination of education and work experience required
• 3-5 years Captive Stop Loss Risk Based Underwriting
• Extensive knowledge and risk based underwriting experience of various captive arrangements including, but not limited to:
  • Standalone and single-parent captives
  • Group captives
  • Captive cells
  • Captive programs
  • Collateral/funding mechanisms
  • Reinsurance structures
• Strong organizational, time management and analytical skills
• Able to consider multiple data sources, high attention to detail and draw relevant conclusions
• Adjust quickly to changing priorities and conditions
• Cope effectively with complexity and change
• Demonstrated ability to learn quickly, and proficiently understand, adapt, and absorb new information
• Excellent communication and negotiation skills
• Proficiency with the MS Office Suite of Applications

We empower inclusion

At Symetra, we aspire to be the most inclusive insurance company in the country. We're building a place where every employee feels valued, respected, and has opportunities to contribute.

Inclusion is about recognizing our assumptions, considering multiple perspective, and removing barriers. We accept and celebrate diverse experiences, identities, and perspectives, because lifting each other up fuels thought and builds a stronger, more innovative company. We invite you to learn more about our efforts here.

Creating a world where more people have access to financial freedom

Symetra is a national financial services company dedicated to helping people achieve their financial goals and feel confident about the future. In our daily work, we're guided by the principles of Value, Transparency and Sustainability. This means we provide products and services people need at a competitive price, we communicate clearly and openly so people understand what they're buying, and we design products-and operate our company-to stand the test of time. We're committed to showing up for our communities, lifting up our employees, and standing up for diversity, equity and inclusion (DEI). Join our team and help us create a world where more people have access to financial freedom.

For more information about our careers visit www.symetra.com/careers

Work Authorization

Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment with our company.

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