Job Title: Stop Loss Underwriter Lead
Location: Newark NJ
Duration: 3 Months
This position will be the overall business owner for client’s Stop Loss business. This will include Profit & Loss responsibility, business strategy, relationships, contracts, and results of any business partners, operational aspects, pricing and underwriting, relationship with actuarial support, and partnership with Sales/Account Management regarding marketing and sales strategy and results. This position will work cross functionally within client and with outside vendors and consultants to provide direction, ensure results, and build client’s capability as a stop loss insurer.
Responsibilities:
- Act as business owner, P&L owner, and thought leader in strategically and tactically designing and implementing client’s stop loss products, business strategy, business partnerships, operational approach, sales & marketing approach and results, pricing and policies.
- Build consensus with leadership of Sales/Account Management, Actuarial, Underwriting, and Enrollment & Billing.
- Own relationships, contracts, and results of business partners.
- Provide insight into the stop loss market from a competitive standpoint including but not limited to products offered and marketing.
- Recommend initial approach and ongoing changes to stop loss position.
- Include recommendations related to partners and tools (e.g., administrative and pricing).
- Determine financial impact of recommended approaches to revenue generation efforts and P&L.
- Maintain, update, enforce and test client’s underwriting, actuarial, pricing, and marketing policies and procedures related to stop loss.
- Train enterprise staff as necessary on stop loss and ongoing changes in policies and procedures.
- Ensure regulatory compliance of stop loss products, contracts, and pricing.
- Champion the needs of the Stop Loss business within the Enterprise, securing enterprise resource support and funding as necessary.
- Medical stop-loss underwriting specifically needed. Other industry underwriting or stop-loss underwriting would not be applicable experience.