Underwriting Analyst

C

Captive Resources, LLC

Posted 3 months ago

Full Time

Itasca, Illinois

In Person

Smart Summary

Responsibilities

The Underwriting Analyst manages the setup and processing of new and renewal prospects for Stop Loss and Captive Underwriters. Key duties include preparing proposals, inputting employer characteristics into the underwriting system, and generating system reports.

Qualifications

You have a bachelor's degree in business, finance, insurance, mathematics, or a related field. You are proficient in Microsoft Office, particularly Excel and Word, and possess strong analytical and problem-solving skills.

Must Have Skills for ATS

Stop Loss

Microsoft Office

Excel

Word

Connexure ESL Office

Job Description

The Underwriting Analyst is responsible for setting up new and renewal prospects for Stop Loss/Captive Underwriters, as well as performing all other necessary functions required to underwrite the prospect and/or renewal. Heavy involvement in the implementation of materials required for issuance and sold case processing.

EDUCATION AND EXPERIENCE:  A bachelor’s degree in business, finance, insurance, mathematics, or a related field. 

SKILLS/COMPETENCIES REQUIREMENTS:

  • Knowledge of available employer Stop Loss products, including contract terms and RFP data interpretation
  • Strong mathematical background
  • Ability to handle large volume of work efficiently and correctly with limited errors
  • Strong team attitude
  • Works well independently and in a team environment
  • Interpersonal skills
  • Excellent written and verbal communication skills
  • Strong skills in Microsoft Office, especially using Excel and Word, and other on-line computer systems
  • Comfortable making presentations to small groups
  • Organization, planning and prioritization skills
  • Strong analytical, problem solving and judgment skills
  • Strong customer service orientation
  • Commitment to company values


ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Review, prepare and submit documents to Underwrite renewal business and new business
  • Accountable for creation and preparation of proposals
  • Maintain quote qualifications and competitive rates
  • Sold case preparation and issuance of applications
  • Input employer stop loss characteristics such as benefits, census, large claim information and aggregate claim assessment into our underwriting system (Connexure ESL Office).
  • Participate in Captive renewal calls and biweekly Underwriting meetings
  • Prepare and distribute renewal letter notifications
  • Participate in meetings
  • Generate system reports

PRIORITIES: Accuracy, Timeliness, Positive Team Attitude

Click here to view all of our current benefits.

Applicants have rights under Federal Employment Laws: Family and Medical Leave Act (FMLA) Poster; Equal Employment Opportunity (EEO) Poster; and Employee Polygraph Protection Act (EPPA) Poster

C

Captive Resources, LLC

For four decades, Captive Resources has provided mid-market companies the ability to become insurance company owners rather than insurance buyers and to lower their total cost of risk. We do this through the creation, development, and oversight of member-owned group captive insurance companies. Captive Resources currently advises more than 53 casualty and medical stop loss group captives comprised of over 7,700 member-companies and $5.8 billion in annual premium. We support every aspect of the captives we advise, from claims advocacy to operational oversight, risk management, financial services, regulatory compliance, investment services, and more. In addition, Captive Resources has two subsidiaries: Kensington Management Group, Ltd., a full-service captive management firm, and Edgewater Actuarial Insights, LLC, an independent actuarial and management consulting firm servicing the specialized actuarial needs of the captive insurance industry. Statement on Diversity, Equity, and Inclusion: At Captive Resources, we believe that our colleagues deserve fairness, respect, inclusivity, and belonging. We encourage different perspectives, unique ways of thinking, fearless collaboration, and positive communication. Our differences have made us strong and successful, and we embrace diversity, equity, and inclusion. We celebrate our people every day because they are the heart of our company. Captive Resources is proud to be an Equal Opportunity Employer. We prohibit discrimination in employment with respect to any term or condition of employment, including hiring, compensation, advancement, discipline, or termination for our applicants and colleagues.
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