Senior Underwriter - Employee Benefits

About the role

Foundation Risk Partners, one of the fastest growing insurance brokerage and consulting firms in the US, is adding a Senior Underwriter to their Corporate Synergies team in Philadelphia Metro Region.

Job Summary

The Senior Underwriter partners closely with the Vice President of Underwriting and Account Management team to support complex health and welfare programs. This role is integral in driving renewal strategy, analyzing claims data, and ensuring accuracy and consistency across underwriting deliverables for both fully insured and self-insured clients.

Essential Functions

• Analyze carrier renewals and manage ongoing carrier interactions
• Review proposals and underwriting materials for accuracy and completeness
• Review and analyze claims reports; oversee claims reporting for self-insured clients
• Develop self-insured budgets, including premium equivalent rate calculations
• Prepare fully insured pre-renewal projections and financial models
• Participate in pre-renewal and renewal strategy meetings with internal teams and clients
• Conduct ad hoc claims and utilization analyses as needed

Competencies & Qualifications

• Proven ability to build strong relationships with clients, carriers, and internal partners
• In-depth knowledge of carrier processes, plan designs, funding arrangements, and stop-loss contracts
• Strong analytical, organizational, and attention-to-detail skills
• Excellent written and verbal communication abilities
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
• Ability to manage multiple priorities in a fast-paced environment
• Comfortable working both independently and as part of a collaborative team

Education & Experience

• Bachelor's degree preferred
• Minimum of 5+ years of underwriting experience with a health and welfare carrier or brokerage, supporting employer groups of 100+ lives

Pay and benefits

This range represents the estimated low and high end of the salary range for this position. Actual salaries will vary and may be above or below the range based on factors including but not limited to performance, location, and experience. The range listed is just one component of FRP's total compensation package for employees.

Pay Transparency Range $100,000 - $130,000 USD

Benefits

FRP offers a comprehensive range of health-related benefit options including medical, vision, and dental. We offer a 401(k) with company match, company paid life insurance, STD, LTD and a generous PTO policy starting at 18 days per year plus 10 paid holidays & 2 floating holidays!