Employer Stop Loss Underwriter

3 weeks ago


Chicago, United States Axis Capital Full time
This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

Employer Stop Loss Senior Underwriter

Job Family Grouping: AXIS Group Benefits

Job Family: Underwriters

How does this role contribute to our collective success?

AXIS Group Benefits in in the process of entering the US Employer Stop Loss (ESL) market distributing its products and services through Managing General Underwriters (MGUs). This individual will act within established guidelines to develop, analyze, review, evaluate, and monitor new and renewal MGUs and the applicable accounts.

What will you do in this role?

  • The underwriter will be responsible for the overall management of Employer Stop Loss (ESL) programs, which includes managing data flow and conducting periodic audits of our MGU to ensure compliance with guidelines being followed and profitability.


  • The underwriter will function as a relationship manager and serve in a business development role for existing and new ESL opportunities.


  • Handle referrals according to underwriting guidelines developed in conjunction with MGU.


  • Oversee the management of the assigned business as per established guidelines, including periodic program management meetings, required data flow (BDX), and audits.


  • Function as a relationship manager with ESL/MGU partners including business travel as needed.


  • Support business development activities for new ESL opportunities.


  • Support the management of relationships with MGUs and other production sources.


  • Liaison with Actuarial staff in periodic monitoring of assigned business.


  • Evaluates referral cases received from MGU partners.


  • Works closely with MGUs to obtain additional required information in determining either our new business or renewal position.


  • Works with Actuarial, Finance, Legal, Operations, Product Development and Senior Management for constant monitoring of the program.


  • Develops and maintains MGUs internal producer relationships.


  • Performs a portfolio review on an annual basis to determine renewal position for the book of business.


  • Reporting:


  • Updates and Maintains Monthly AGB UW Reports.


  • Creates ad hoc reports as required.


  • Achieve targeted loss ratio and combined ratios by maintaining underwriting discipline through the underwriting selection and renewal process.


  • Manages day-to-day tasks of ESL portfolio.


  • Acts as liaison between internal functional departments and external ESL vendors.


  • Handles special projects and assignments at the request of the leadership team.


  • Ensure digital files are maintained per AXIS Insurance procedures, including proper documentation, structure, and authorizations.


You may also be required to take on additional duties, responsibilities, and activities appropriate to the nature of this role.

About You:

  • Bachelor's degree in business management, Accounting, Mathematics, Finance, Risk Management, Insurance, or a related field preferred


  • Requires a minimum of seven to ten (4-7) years of experience in progressively advancing underwriting roles in the insurance sector.


  • A thorough understanding of US Medical Insurance and related risk concepts


  • Working knowledge of actuarial and pricing concepts used in evaluating Employer Stop Loss risks.


  • Strong industry relationships


  • A strong grasp of policy forms and contract wording and an understanding of the impact of claims, actuarial, accounting, and finance in the underwriting process.


  • Requires at least five (3) years of experience working with and overseeing MGAs/MGUs.


  • Market Segment knowledge: Employer Stop Loss, Major Medical, and Supplemental Health.


  • Product knowledge: Employer Stop Loss, Major Medical, and Provider Excess.


  • Other product knowledge helpful but not required: Life, Disability, Dental, Vision, Limited Benefit Medical.


  • Ability to work with large data sets to evaluate past performance and use data to determine acceptable rating metrics.


We encourage you to bring your own experience and expertise to the table. While we need you to have some qualifications and experiences, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and helping us achieve our goals.

What you need to have:

  • Strong project management skills


  • Proficiency in Microsoft's Office 365 suite applications (Outlook, Word, Excel, and PowerPoint)


  • Experience in Power BI or other Dashboard reporting system.


  • Strong presentation and communication skills


  • Strong financial acumen


  • Demonstrated communication skills to interact well with Senior Management & external partners.


  • Demonstrated attention to detail and accuracy.


  • Excellent negotiation and interpersonal communication skills


  • Team player with the ability to work in fast-paced environment.


  • Initiative and ability to work independently.


  • Strong technical skills


  • Ability to manage multiple projects/programs successfully, simultaneously.


  • Strong focus on identifying client needs and flexibility in developing solutions.


  • Highly collaborative and versatile; with the ability to work effectively both independently and as part of a team.


  • Entrepreneur with a start-up mindset


What we prefer you have:

  • Some level of actuarial training.


Role Factors:

In this role, you will typically be required to:

Embrace the hybrid culture offered at AXIS, you need to be in office 3 days per week. Be able to travel approximately 20% and attend broker/conference industry events.

What we offer:

For this position, we currently expect to offer a base salary in the range $110,000 to $125,000. Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location.

In addition, you will be offered competitive annual target incentive compensation, with awards based on overall corporate performance and your individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

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