Director – Stop Loss Underwriting – Remote
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
Here’s 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 company’s deep commitment to diversity, equity, and inclusion—it’s not just a statement, it’s an active and ongoing priority that’s felt throughout the organization.” -Charlotte G., Sr. Underwriter - Consultant Stop Loss
“If you're 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 don’t 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
Apply Now
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
Here’s 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 company’s deep commitment to diversity, equity, and inclusion—it’s not just a statement, it’s an active and ongoing priority that’s felt throughout the organization.” -Charlotte G., Sr. Underwriter - Consultant Stop Loss
“If you're 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 don’t 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
Apply Now