Underwriter, Allied Medical

About the role

Hamilton is seeking a dedicated and detail-oriented Underwriter for our Allied Medical division based in Richmond, Virginia. In this full-time position, you will play a crucial role in evaluating and assessing risks associated with medical insurance policies. Your expertise will help ensure that we provide our clients with the best possible coverage while maintaining the financial health of our organization. If you have a passion for the medical insurance sector and possess strong analytical skills, this opportunity could be the perfect fit for you.

Key facts

What you'll do

• Conduct thorough risk assessments for medical insurance applications, analyzing various factors such as medical history, treatment plans, and potential liabilities.
• Collaborate closely with medical professionals and clients to gather necessary information and clarify any uncertainties regarding applications.
• Utilize advanced underwriting software and tools to streamline the evaluation process and ensure accuracy in decision-making.
• Develop and maintain strong relationships with brokers and agents to facilitate smooth communication and enhance client satisfaction.
• Prepare detailed reports and documentation to support underwriting decisions, ensuring compliance with industry regulations and company policies.
• Monitor and review existing policies to identify any necessary adjustments based on changes in risk profiles or market conditions.
• Participate in training sessions and workshops to stay updated on industry trends, regulatory changes, and best practices in underwriting.
• Work collaboratively with claims and risk management teams to address any issues that arise during the policy lifecycle.
• Provide expert guidance and support to junior underwriters and other team members, fostering a culture of continuous learning and improvement.
• Analyze data trends to identify potential areas for growth and improvement within the Allied Medical division.
• Assist in the development of new insurance products tailored to the evolving needs of the healthcare market.
• Engage in regular meetings with management to discuss underwriting strategies and share insights on market developments.

Requirements

• Bachelor's degree in finance, business administration, or a related field.
• A minimum of 3 years of experience in underwriting, preferably within the medical or healthcare insurance sector.
• Strong analytical skills with the ability to interpret complex data and make informed decisions.
• Excellent communication and interpersonal skills to effectively interact with clients, brokers, and team members.
• Proficiency in underwriting software and Microsoft Office Suite, particularly Excel.
• Knowledge of medical terminology and healthcare regulations is highly desirable.
• Strong attention to detail and the ability to manage multiple tasks simultaneously.
• Ability to work independently as well as part of a collaborative team environment.
• Familiarity with risk assessment methodologies and tools.

Nice to have

• Professional certification in underwriting (e.g., CPCU, AINS) is a plus.
• Experience with data analytics tools and methodologies.
• Previous involvement in product development or market analysis within the insurance industry.
• Bilingual capabilities, particularly in Spanish, can be advantageous.

Skills & tools

• Proficient in underwriting software and risk assessment tools.
• Strong analytical and problem-solving skills.
• Excellent written and verbal communication abilities.
• Familiarity with regulatory compliance and industry standards.
• Ability to work with data visualization tools for reporting purposes.

Practical notes

• This position is based in Richmond, Virginia, and may require occasional travel for client meetings or industry events.
• The salary for this role is competitive and will be determined based on the candidate's experience and qualifications.
• Hamilton is committed to fostering a diverse and inclusive workplace and encourages applications from individuals of all backgrounds.
• Interested candidates can apply through the Hamilton careers page at [https://hamilton.bamboohr.com/careers/871](https://hamilton.bamboohr.com/careers/871).

Join Hamilton and contribute to our mission of providing exceptional insurance solutions in the medical sector. Your expertise as an Underwriter will be invaluable in shaping the future of our Allied Medical division. We look forward to receiving your application!