Director - Stop Loss Underwriting - Remote
DiversityJobs Inc, New York, NY, United States
Symetra is seeking a Director to join our Stop Loss Underwriting Team!
About the role
In this role, you will have Regional Stop Loss Underwriting oversight with Direct Profit/Loss accountability for a block of business exceeding $250M and sales goals of $125M. You will work closely with the AVP/VP of Stop Loss Underwriting to deliver business results.
What you will do
Directly accountable for department/product profit targets.
Continuously review and evaluate available data to assist with risk decisions, block of business metric targets including but not limited to loss ratio, new business close ratio, renewal rate increases and persistency at the regional, underwriter/RGM level as well as case level.
Collaborate with actuarial department regarding manual pricing changes, setting renewal rate increase targets, and manual rate deviation parameters.
Quote authority limit (QAL) is as follows: $6m specific premium authority sign-off and $60m aggregate attachment authority.
Manage underwriting staff:
Hire, develop, mentor, define performance expectations and provide real time performance feedback, and develop goals with and for the team.
Assist underwriters with their decisions on complex and or high premium cases.
Review competitive data and appeals from sales and develop appropriate responses.
Foster creative decision making to balance sound underwriting principles with desired premium growth.
Address any individual performance or developmental issues and either manage up or manage out.
Mentor and provide underwriting oversight to Underwriting Regional Group Managers in Field Sales.
Provide Second Signoff up to QAL levels and for exceptions to underwriting guidelines.
Participate on broker, producer, and client calls and/or face-to-face meetings.
Understand business drivers and think strategically.
Successfully convey and implement company goals and philosophy.
Foster positive relationships between underwriting and field staff.
Consult on interdepartmental issues.
Control expenses by supervising productivity while fostering innovation.
Underwrite New Business Quotes and/or Renewals as needed.
Why Work at Symetra
Heres what some of our employees have to say about why they work at Symetra:
"Symetra is truly a great place to work. The positive work climate, strong sense of team, and the resources available make it feel like one cohesive family. What stands out most to me is the companys deep commitment to diversity, equity, and inclusion-its not just a statement, its an active and ongoing priority thats felt throughout the organization." -Charlotte G., Sr. Underwriter - Consultant Stop Loss
"If youre looking for a place to call home, grow professionally and personally and most importantly, be yourself, Symetra is the right fit." - Daniel P., Director Underwriting
What we offer you
Benefits and Perks
We dont 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: $128,700-$214,600 plus eligibility for annual bonus program
Who You Are
A minimum of a 4-year college degree or equivalent combination of education and business experience.
8+ years of Stop Loss Underwriting experience required.
Prior leadership experience required.
Mastery of underwriting principles and practices.
Service oriented with commitment to meet deadlines, prioritize, and handle multiple tasks in a demanding work environment.
Excellent communication skills both verbally and written.
Strong collaboration and negotiation skills.
Some occasional travel required.
Travel:
Required Training & Professional Development
All newly hired people leaders with direct reportsare required tocomplete a comprehensive leadership development program within their first year. This program includes both virtual and in-person training. The in-person sessions will take place at Symetras corporate headquarters in Bellevue, Washington. Symetra covers all travel and accommodation expenses.
Reasonable Accommodations
Symetra is committed to providingequitableaccess to all job-related responsibilities, including required travel. If reasonable accommodations are needed for travel, Symetras HR department will work to provideappropriate solutionsin alignment with individual needs and company policies.
We empower inclusion
At Symetra, we aspire to be the most inclusive insurance company in the country. Were 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, were 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 theyre buying, and we design products--and operate our company--to stand the test of time. Were 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: https://symetra.eightfold.ai/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.
Please review Symetras Remote Network Minimum Requirements:
As a remote-first organization committed to providing a positive experience for both employees and customers, Symetra has the following standards for employees internet connection:
Minimum Internet Speed:100 Mbps download and 20 Mbps upload, in alignment with the FCCs definition of "broadband."
Internet Type:Fiber, Cable (e.g., Comcast, Spectrum), or DSL.
Not Permissible:Satellite (e.g., Starlink), cellular broadband (hotspot or otherwise), any other wireless technology, or wired dial-up.
When applying to jobs at Symetra youll be asked to test your internet speed and confirm that your internet connection meets or exceeds Symetras standard as outlined above.
Identity Verification
Symetra is committed to fair and secure hiring practices. For all roles, candidates will be required (after the initial phone screen) to be on video for all interviews. Symetra will take affirmative steps at key points in the process to verify that a candidate is not seeking employment fraudulently, e.g. through use of a false identity.
Failure to comply with verification procedures may result in:
Disqualification from the recruitment process
Withdrawal of a job offer
Termination of employment and other criminal and/or civil remedies, if fraud is discovered
About the role
In this role, you will have Regional Stop Loss Underwriting oversight with Direct Profit/Loss accountability for a block of business exceeding $250M and sales goals of $125M. You will work closely with the AVP/VP of Stop Loss Underwriting to deliver business results.
What you will do
Directly accountable for department/product profit targets.
Continuously review and evaluate available data to assist with risk decisions, block of business metric targets including but not limited to loss ratio, new business close ratio, renewal rate increases and persistency at the regional, underwriter/RGM level as well as case level.
Collaborate with actuarial department regarding manual pricing changes, setting renewal rate increase targets, and manual rate deviation parameters.
Quote authority limit (QAL) is as follows: $6m specific premium authority sign-off and $60m aggregate attachment authority.
Manage underwriting staff:
Hire, develop, mentor, define performance expectations and provide real time performance feedback, and develop goals with and for the team.
Assist underwriters with their decisions on complex and or high premium cases.
Review competitive data and appeals from sales and develop appropriate responses.
Foster creative decision making to balance sound underwriting principles with desired premium growth.
Address any individual performance or developmental issues and either manage up or manage out.
Mentor and provide underwriting oversight to Underwriting Regional Group Managers in Field Sales.
Provide Second Signoff up to QAL levels and for exceptions to underwriting guidelines.
Participate on broker, producer, and client calls and/or face-to-face meetings.
Understand business drivers and think strategically.
Successfully convey and implement company goals and philosophy.
Foster positive relationships between underwriting and field staff.
Consult on interdepartmental issues.
Control expenses by supervising productivity while fostering innovation.
Underwrite New Business Quotes and/or Renewals as needed.
Why Work at Symetra
Heres what some of our employees have to say about why they work at Symetra:
"Symetra is truly a great place to work. The positive work climate, strong sense of team, and the resources available make it feel like one cohesive family. What stands out most to me is the companys deep commitment to diversity, equity, and inclusion-its not just a statement, its an active and ongoing priority thats felt throughout the organization." -Charlotte G., Sr. Underwriter - Consultant Stop Loss
"If youre looking for a place to call home, grow professionally and personally and most importantly, be yourself, Symetra is the right fit." - Daniel P., Director Underwriting
What we offer you
Benefits and Perks
We dont 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: $128,700-$214,600 plus eligibility for annual bonus program
Who You Are
A minimum of a 4-year college degree or equivalent combination of education and business experience.
8+ years of Stop Loss Underwriting experience required.
Prior leadership experience required.
Mastery of underwriting principles and practices.
Service oriented with commitment to meet deadlines, prioritize, and handle multiple tasks in a demanding work environment.
Excellent communication skills both verbally and written.
Strong collaboration and negotiation skills.
Some occasional travel required.
Travel:
Required Training & Professional Development
All newly hired people leaders with direct reportsare required tocomplete a comprehensive leadership development program within their first year. This program includes both virtual and in-person training. The in-person sessions will take place at Symetras corporate headquarters in Bellevue, Washington. Symetra covers all travel and accommodation expenses.
Reasonable Accommodations
Symetra is committed to providingequitableaccess to all job-related responsibilities, including required travel. If reasonable accommodations are needed for travel, Symetras HR department will work to provideappropriate solutionsin alignment with individual needs and company policies.
We empower inclusion
At Symetra, we aspire to be the most inclusive insurance company in the country. Were 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, were 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 theyre buying, and we design products--and operate our company--to stand the test of time. Were 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: https://symetra.eightfold.ai/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.
Please review Symetras Remote Network Minimum Requirements:
As a remote-first organization committed to providing a positive experience for both employees and customers, Symetra has the following standards for employees internet connection:
Minimum Internet Speed:100 Mbps download and 20 Mbps upload, in alignment with the FCCs definition of "broadband."
Internet Type:Fiber, Cable (e.g., Comcast, Spectrum), or DSL.
Not Permissible:Satellite (e.g., Starlink), cellular broadband (hotspot or otherwise), any other wireless technology, or wired dial-up.
When applying to jobs at Symetra youll be asked to test your internet speed and confirm that your internet connection meets or exceeds Symetras standard as outlined above.
Identity Verification
Symetra is committed to fair and secure hiring practices. For all roles, candidates will be required (after the initial phone screen) to be on video for all interviews. Symetra will take affirmative steps at key points in the process to verify that a candidate is not seeking employment fraudulently, e.g. through use of a false identity.
Failure to comply with verification procedures may result in:
Disqualification from the recruitment process
Withdrawal of a job offer
Termination of employment and other criminal and/or civil remedies, if fraud is discovered