Senior Underwriter (Phi/Bos)

Philadelphia, PA, United States

We're in this for the greater good at ParetoHealth. Our mission is collective greatness, nothing less will do. Our team is a single force united in the drive to transform employee health benefits.

The company was founded in 2011 to help small and medium-sized businesses fight the rising cost of employee health benefits. We blazed the trail with financing innovations that reduce the risks in self-insurance and deliver significant savings-and we continue to lead with a growing ecosystem of partners and world-class cost control solutions.

But success is measured by more than dollars alone and we measure ours by the good that comes from knowing that every client and all their employees can count on effective, affordable healthcare for years to come.

Position Overview:

Pareto Health is seeking an experienced and detail-oriented Senior Underwriter to join our team. This role is pivotal in assessing and managing the risks associated with self-funded / fully insured health plans, using stoploss insurance. The ideal candidate will bring expertise in analyzing complex health risks and crafting stoploss strategies that align with our commitment to providing innovative and cost-effective healthcare solutions to our clients.

Key Responsibilities:

Underwrite using a best in class captive offering and create profitable stop loss offering for prospective captive members

Conduct thorough risk assessments of prospective Pareto captive members who are currently both fully insured and self-funded health plans to determine appropriate stoploss coverage levels and premiums.

Analyze healthcare data, including claims and utilization patterns, to forecast potential risks and cost implications and support

Partner with Sales team to educate consultants on financials required to join captive

Effectively execute in an environment of incomplete information

Understand competitive market dynamics and react appropriately

Provide guidance and training to junior underwriters and other team members, enhancing the overall expertise of the department.

Enhance your own skills around knowledge of medical treatments and projected costs in partnership with clinical risk team

Ensure adherence to industry standards and legal requirements in all underwriting decisions and practices.

Required Skills & Qualifications:

Bachelor's degree in finance, economics, actuarial science, or a related field; relevant professional certifications are a plus.

Minimum of 4 years of experience in stoploss underwriting, with a proven track record in handling complex health risks. Experience with captives a plus but not required.

Proficiency in underwriting software, data analysis tools, and Microsoft Office Suite.

Exceptional ability to analyze data, identify trends, and solve underwriting challenges.

Excellent communication and negotiation skills, with the ability to articulate technical concepts to a non-technical audience.

Strong team player, capable of working effectively in a dynamic and collaborative environment.

Strong understanding of stoploss products/ self funding, healthcare industry trends, and regulatory landscape.

Pareto Perks:

Pareto offers a competitive compensation package commensurate with skills and experience. In addition, Pareto offers a robust benefits package including Medical (100% employer paid), Dental, Vision, STD/LTD, and employer 401(k) contribution.

What We Live By:

1. Get it Done and Get it Done Right - We crank out work at higher rates and at a higher quality than our peers in the industry. Our ability to do a lot with a little is a driving force behind Pareto Health, one that's made our brand synonymous with class, quality, and extreme competence.

2. Fire in the Belly - We only make time for champions; we only consider those with an inner desire to excel and push things forward. Our team, our partners, our members-everyone in the Pareto Health universe-works hard, learns constantly, improves furiously, and does so with a fire in the belly.

3. See the Field - As you're stuck thinking about tomorrow, we're already on to thinking about next year. Pareto Health embodies a culture of anticipation, perception, and acting with intent. In one-on-ones, in meetings, at a company level, and at an industry level, we're always two steps ahead.

4. For the Greater Good - Our vision extends past the here and now. We're rowing in the same direction toward the common goal of transforming an industry. It's our accountability, teamwork, and responsibility that ensure as we're changing industry tides, we're helping them rise. Now watch as we lift all boats in the process.

Disclosures:

ParetoHealth is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities include, but are not limited to, hiring and firing of staff, selection of volunteers and vendors, and provision of services. We are committed to providing an inclusive and welcoming environment for all members of our staff, clients, volunteers, subcontractors, vendors, and clients.

California Applicants : See Pareto's CCPA Notice of Collection for California Employees and Applicants for information about how Pareto Captive Services, LLC, Pareto Health, LLC, and Pareto Underwriting Partners, LLC, together with their respective subsidiaries (collectively, "Pareto") collects and uses personal information submitted by employment applicants.

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