Employee Health

3 weeks ago


Worcester, Worcestershire, United Kingdom US012 Marsh & McLennan Agency LLC Full time

About the Role:

The Employee Health Benefits Underwriter is a critical member of our team, responsible for supporting the sales and service departments in the placement of new and renewal business. This includes preparing underwriting projections, bid specifications, and quote analysis, as well as negotiating final rates and preparing recommendations for client presentations.

Key Responsibilities:

  • Analyze carrier data on complex clients and provide recommendations to account teams to help with rate and funding level negotiations.
  • Prepare and evaluate claim experience and utilization reports as needed.
  • Develop fully insured medical and dental renewal projections.
  • Develop self-insured medical and dental budgets and working rates.
  • Analyze and recommend optimal funding arrangements.
  • Assist in marketing, analysis, and placement of stop-loss coverages.
  • Price plan design and product alternatives.
  • Assist in modeling and setting employee contribution structures.
  • Assist in reviewing contracts, preparing RFP specifications, and identifying markets for proposals.
  • Assist in the workflow for monthly and quarterly financial reporting for clients.
  • Negotiate rates with insurance carriers and other vendors.
  • Provide technical expertise, product updates, and training programs for the EH&B practice.
  • Stay up-to-date on industry developments, changes, and legislative updates within underwriting methodology.
  • Conduct special projects as needed.
  • Perform duties according to established EH&B procedures and operate as directed by the EH&B Practice Leader.
  • Track expense components and admin increases for renewals by carrier and update the FRAT tool accordingly.

What We Offer:

Our team offers a comprehensive benefits package, including medical, dental, and vision plans, 401K, and a company match program. We also provide competitive paid time off, company-paid life and disability insurance, and employee stock purchase plan opportunities. Our office spaces are designed to maximize innovation and collaboration, and we prioritize taking time to celebrate success and build relationships.

Growth and Development:

We promote a culture of personal and professional growth, with opportunities for career advancement through our MMA University program, designation programs, CE courses, mentorship, and leadership development programs. Our team is committed to supporting each other's success and growth, and we strive to create a positive and solutions-focused work environment.

Requirements:

For this role, we are seeking a highly skilled and experienced underwriter with a minimum of 5 years of experience in large group underwriting, preferably with an insurance agency, brokerage, or consulting firm. A thorough understanding of medical and dental underwriting practices, as well as general knowledge of brokerage agency strategies and positioning, is essential. Strong organizational, analytical, and decision-making skills, as well as excellent communication and interpersonal skills, are also required.

About Us:

Marsh McLennan Agency (MMA) is a full-service insurance, retirement, and risk management firm that specializes in providing proprietary solutions to small and middle market organizations. Our team is dedicated to delivering exceptional client service and supporting our clients' success through our expertise and global resources.



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