Job Description - Director Stop Loss Underwriting Remote
Symetra is seeking a Director to join our Stop Loss Underwriting Team!\n\nAbout the role\n\nIn 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.\n\nWhat you will do\n\n * Directly accountable for department/product profit targets.\n * 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.\n * Collaborate with actuarial department regarding manual pricing changes, setting renewal rate increase targets, and manual rate deviation parameters.\n * Quote authority limit (QAL) is as follows: $6m specific premium authority sign-off and $60m aggregate attachment authority.\n * Manage underwriting staff: \n * Hire, develop, mentor, define performance expectations and provide real time performance feedback, and develop goals with and for the team.\n * Assist underwriters with their decisions on complex and or high premium cases.\n * Review competitive data and appeals from sales and develop appropriate responses.\n * Foster creative decision making to balance sound underwriting principles with desired premium growth.\n * Address any individual performance or developmental issues and either manage up or manage out.\n * Mentor and provide underwriting oversight to Underwriting Regional Group Managers in Field Sales.\n * Provide Second Signoff up to QAL levels and for exceptions to underwriting guidelines.\n * Participate on broker, producer, and client calls and/or face-to-face meetings.\n * Understand business drivers and think strategically.\n * Successfully convey and implement company goals and philosophy.\n * Foster positive relationships between underwriting and field staff.\n * Consult on interdepartmental issues.\n * Control expenses by supervising productivity while fostering innovation.\n * Underwrite New Business Quotes and/or Renewals as needed.\n\n\n\nWhy Work at Symetra\n\nHere\u0027s what some of our employees have to say about why they work at Symetra:\n\n\"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\u0027s deep commitment to diversity, equity, and inclusion--it\u0027s not just a statement, it\u0027s an active and ongoing priority that\u0027s felt throughout the organization.\" -Charlotte G., Sr. Underwriter - Consultant Stop Loss\n\n \n\n\"If you\u0027re 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\n\nWhat we offer you\n\nBenefits and Perks\n\nWe don\u0027t 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.\n\n * Flexible full-time or hybrid telecommuting arrangements\n * Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%\n * Paid time away including vacation and sick time, flex days and ten paid holidays\n * Give back to your community and double your impact through our company matching \n * Want more details? Check out our Symetra Benefits Overview\n\n\n\nCompensation\n\nSalary Range: $128,700-$214,600 plus eligibility for annual bonus program \n\nWho You Are\n\n * A minimum of a 4-year college degree or equivalent combination of education and business experience.\n * 8+ years of Stop Loss Underwriting experience required.\n * Prior leadership experience required.\n * Mastery of underwriting principles and practices.\n * Service oriented with commitment to meet deadlines, prioritize, and handle multiple tasks in a demanding work environment.\n * Excellent communication skills both verbally and written. \n * Strong collaboration and negotiation skills.\n * Some occasional travel required.\n\n\n\nTravel: \n\nRequired Training \u0026 Professional Development \nAll newly hired people leaders with direct reports are required to complete 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 Symetra\u0027s corporate headquarters in Bellevue, Washington. Symetra covers all travel and accommodation expenses. \n\nReasonable Accommodations \n\nSymetra is committed to providing equitable access to all job-related responsibilities, including required travel. If reasonable accommodations are needed for travel, Symetra\u0027s HR department will work to provide appropriate solutions in alignment with individual needs and company policies. \n\nWe empower inclusion\n\nAt Symetra, we aspire to be the most inclusive insurance company in the country. We\u0027re building a place where every employee feels valued, respected, and has opportunities to contribute.\n\nInclusion 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.\n\n \n\nCreating a world where more people have access to financial freedom \nSymetra is a national financial services company dedicated to helping people achieve their financial goals and feel confident about the future. In our daily work, we\u0027re 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 they\u0027re buying, and we design products--and operate our company--to stand the test of time. We\u0027re 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.\n\nFor more information about our careers visit: https://symetra.eightfold.ai/careers\n\n \n\nWork Authorization \nEmployer 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.\n\n \n\nPlease review Symetra\u0027s Remote Network Minimum Requirements:\n\nAs a remote-first organization committed to providing a positive experience for both employees and customers, Symetra has the following standards for employees\u0027 internet connection:\n\n * Minimum Internet Speed:100 Mbps download and 20 Mbps upload, in alignment with the FCC\u0027s definition of \"broadband.\"\n * Internet Type:Fiber, Cable (e.g., Comcast, Spectrum), or DSL.\n * Not Permissible:Satellite (e.g., Starlink), cellular broadband (hotspot or otherwise), any other wireless technology, or wired dial-up.\n\n\n\nWhen applying to jobs at Symetra you\u0027ll be asked to test your internet speed and confirm that your internet connection meets or exceeds Symetra\u0027s standard as outlined above.\n\n \n\nIdentity Verification \n\nSymetra 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.\n\n \n\nFailure to comply with verification procedures may result in:\n\n * Disqualification from the recruitment process\n * Withdrawal of a job offer\n * Termination of employment and other criminal and/or civil remedies, if fraud is discovered\n\n\n
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