Underwriting Analyst

Tokio Marine HCC (TMHCC) brings 50 years of service to the specialty insurance industry and today offers over 100 products to commercial customers in 180 countries worldwide. Organic growth and over 60 successful acquisitions have grown our 2022 Gross Written Premium (GWP) to $5 billion. Our workforce has grown to 4,300 worldwide ... big, but not so big that you cannot make a difference. Our Good Company values, including integrity, empowerment, and commitment to customer service, and a culture of innovation, communication, and collaboration, make TMHCC a great place to work.


TMHCC Stop Loss, a $2 billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk.


*This role is located onsite in Minnetonka MN*

Position Summary:

Relying on experience and knowledge, this role is responsible for accomplishing the following assignments. These assignments reflect substantial variety and are broad in nature.

Key Responsibilities:

• Pull and distribute census and zip code information to be entered into internal databases (PA) by Underwriting Assistants.

• Evaluate, analyze, and/or interpret plan documents, amendments, and/or schedules of benefits provided by third-party administrators (TPAs)/brokers.

• Responsible for the accuracy and completion of underwriting information and data entry forms pertaining to new and sold business, as well as renewal and life cases.

• Data entry of all pertinent information obtained through the analysis of requests for proposal (RFPs) to generate manual rates from internal database.

• Evaluate, analyze, and/or interpret aggregate reports provided by TPA/brokers to determine risk and also assist Underwriters with their determination of discretion to assign.

• Obtain all necessary information required by the Underwriters so they may provide the best quote possible for TPA/brokers.

• Generate analysis reports for underwriters illustrating the progress of the HCCB Underwriting department and other factors pertaining to renewal and new business growth.

• Communicate effectively with TPA/brokers, peers, and other departments. Answer questions, within scope of ability and refer other questions to appropriate person.

• Study and learn underwriting manual and HCCB Underwriting procedures to work towards an underwriting position.

• Maintain required documentation on all RFPs and policy renewals in system, manual files, and scanned document storage.

• Perform other general clerical duties such as data entry, mailing, copying, filing, faxing, scanning, ordering supplies, and operating departmental office equipment.

Education, Experience & Knowledge:

• Minimum 4 Year / Bachelors Degree in Business Administration, Risk Management, Accounting, Finance, a related field, or the equivalent education and/or experience.
• Ability to read and interpret documents such as plan of benefits, bid specifications, claim reports, and procedural manuals
• Possess and have ability to apply knowledge of principles, practices, and procedures
• Solid written and verbal communication skills with an emphasis on confidentiality, tact, and diplomacy
• Advanced organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
• Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word)
• Overtime hours may be required to fulfill job responsibilities
• May be required to remain stationary for extended periods of time
• May be required to move up to 10 pounds
• Must be able to operate a computer and other devices
• Close vision and ability to adjust focus, such as required to read a computer screen

Tokio Marine offers a competitive salary and benefits package, including:

• Generous paid time off (PTO), 12 paid company holidays,
• 401(k) Retirement Plan with 6% company match.
• Health and dental insurance, and vision plan available.
• Company-provided long-term disability and life insurance.
• Opportunities for advancement in a successful and growing organization.
• Flexible work schedules and a great work/life balance.
• Paid Parental Leave.
• Volunteer Time Off.
• Enjoy casual dress and work in a modern, comfortable office with free parking.
• Hybrid work schedule

Pay Transparency

The pay range for this position is: $53,000-$79,600 . This role is also eligible for an individualized, performance-based sales incentive program, which includes geographic adjustments, where applicable. The pay range is the range THMCC, in good faith, believes is the range of compensation for this role at the time of this posting. The hired applicant will be offered pay within the entire range based on the candidate's geographic location, qualifications, work experience, education, and/or skill level. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of color, race, sex, national origin, sexual orientation, religion, age, veteran status, disability, pregnancy, citizenship status, genetic information, or any other basis protected by federal, state, or local pay equity laws.

Disclaimer

As an insurance company, we comply with certain federal, state and local laws such as the Violent Crime Control and Law Enforcement Act of 1994 (18 USC § 1033(e)), which restricts our ability to employ individuals with certain types of criminal convictions. Where not restricted by law and for criminal history not covered by this law, the Company will consider qualified applicants with arrest or conviction history in compliance with applicable law.

You do not need to disclose your criminal history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if the Company is concerned about a conviction that is directly related to the job, you will be given the chance to explain the circumstances surrounding the conviction or challenge the accuracy of the background report. The Company will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable federal, state and local laws, such as the Violent Crime Control and Law Enforcement Act of 1994 (18 USC § 1033(e))(the "VCCLEA"), which restricts financial institutions and insurers such as TMHCC from employing individuals with certain types of criminal convictions. Where the hiring and employment of individuals is not restricted by the foregoing, the Company will consider qualified applicants with arrest or conviction history in compliance with applicable law such as the California Fair Chance Act, the Los Angeles Fair Chance Initiative for Hiring Ordinance, the Los Angeles County Fair Chance Ordinance, the San Diego Fair Chance Ordinance, and the San Francisco Fair Chance Ordinance.]

About Us

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Europe, and other exciting locations. With the strength and stability that comes from being a member of the Tokio Marine Group, and more than fifty years of growth, profitability, and stability, we offer important insurance products that most people don't even know exist. Every policy we write is special, enabling our clients to do amazing things.

TMHCC Stop Loss, a $2 Billion division within TMHCC, leads the way in providing medical stop loss insurance sold to employers. Medical Stop Loss provides an added layer of insurance protection to employers who choose to self-fund their health benefit plans. Self-funding can incur risks from catastrophic claims, and Medical Stop Loss insurance from Tokio Marine HCC is designed to protect employers from that risk.


Applying our Mind Over Risk philosophy to writing insurance allows our customers to take on opportunity with confidence. That philosophy defines our way of thinking, unites us as a team, and differentiates us from our competitors. We are much more than just an insurance company; we are a good company.

Equal Opportunity Employer

TMHCC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship, color, family or medical care leave, gender identity, genetic information, marital status, medical condition, national origin, physical or mental disability, protected veteran or military status, race, ethnicity, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable local laws, regulations and ordinances.

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