About Symetra Financial

Symetra Financial is a leading national financial services company dedicated to helping individuals and businesses achieve financial security and confidence in their future. With a strong focus on life insurance, retirement solutions, and comprehensive employee benefits, Symetra delivers value-driven products and services guided by principles of value, transparency, and sustainability. Headquartered in the United States, Symetra empowers communities by providing competitive pricing, clear communication, and innovative offerings designed to stand the test of time. The company is committed to diversity, equity, and inclusion (DEI), fostering an environment where every employee feels valued and has opportunities to thrive. Symetra's employee benefits division, including stop loss insurance, plays a critical role in protecting employer groups from unexpected financial risks.

Role Overview

Symetra Financial is seeking a talented Senior Stop Loss Underwriter to join our dynamic team in a fully remote capacity. This pivotal role involves risk-based underwriting for new and existing accounts, ensuring profitability, persistency, and growth through meticulous financial analysis of employer groups. As a Senior Stop Loss Underwriter, you will handle larger and more complex cases, leveraging your expertise in stop loss products to make data-driven decisions that safeguard Symetra's interests while supporting client needs. This position offers the flexibility of remote work across the United States, ideal for professionals with a passion for insurance underwriting and employee benefits.

Why This Role Matters at Symetra

In the competitive insurance landscape, stop loss underwriting is essential for managing catastrophic claims risks in group health plans. At Symetra, you'll contribute to our mission of financial freedom by developing appropriate rates, aggregate factors, and renewal strategies, directly impacting business performance metrics like close ratios, persistency, and quote turnaround times.

Key Responsibilities

The Senior Stop Loss Underwriter plays a hands-on role in Symetra's underwriting operations. Core duties include:

• Assessing risk levels based on established guidelines, past claim history, and standard criteria.
• Analyzing medical evaluations for ongoing large claimant concerns and determining necessary rate levels using advanced tools.
• Developing aggregate factors and underwriting complex, high-value cases before releasing final rates.
• Managing performance of assigned territories, targeting effective renewal rate increases, case premium persistency, and billed-to-blended manual ratios.
• Providing competitive market feedback on rates, factors, and products to management, while recommending enhancements to underwriting and marketing strategies.
• Participating in underwriting projects, cross-training, and daily collaborations with agents, field staff, marketing reps, and junior underwriters.
• Building strong relationships with clients, representatives, TPAs, and internal teams to ensure seamless workflow and consistency.

Qualifications & Requirements

To succeed as a Senior Stop Loss Underwriter at Symetra Financial, candidates should possess:

• High School Diploma required; Bachelor's Degree in a related field preferred.
• Minimum 3+ years of experience in Stop Loss Risk Based Underwriting.
• Extensive knowledge of Stop Loss products, pricing, underwriting discipline, and employee benefit plans; reinsurance experience is a plus.
• Proven financial acumen, strong analytical and technical skills, and adept decision-making.
• Effective interpersonal, negotiation, and presentation skills with a service- and sales-oriented mindset.
• Excellent written and verbal communication, teamwork orientation, and proficiency in Microsoft Office Suite, especially Excel.
• Experience with David Young/ESL/Connexure preferred.
• Ability to thrive in a fast-paced, high-volume environment, adapting to shifting priorities and managing case negotiations.

Preferred Experience

Candidates with a track record in handling complex stop loss cases and contributing to profitability goals will stand out. Symetra values professionals who can serve as resources to junior underwriters and drive departmental excellence.

Benefits & Perks

Symetra Financial prioritizes employee well-being with tailored benefits that enhance life both at work and home:

• Competitive salary range of $87,900 - $146,500, plus eligibility for an annual bonus program.
• Flexible full-time or hybrid telecommuting arrangements for optimal work-life balance.
• 401(k) retirement plan with immediate vesting and company matching up to 6%.
• Generous paid time away, including vacation, sick time, flex days, and ten paid holidays.
• Double-impact community giving through company matching programs.
• A supportive, inclusive culture emphasizing diversity, equity, and inclusion, as highlighted by employees like Sr. Underwriter Charlotte G.

Career Growth

At Symetra, career advancement is a reality. This senior role offers opportunities to lead projects, mentor junior staff, and influence underwriting strategies. With Symetra's growth in life insurance, retirement, and employee benefits, high performers can progress to leadership positions, leveraging cross-training and internal mobility programs. Employees rave about untapped potential, with testimonials like Andrew H.'s: "Join. It's that simple. You won't find a better company that can draw out your potential."

Why Join Symetra

Symetra stands out as an employer through its cohesive team environment, commitment to DEI, and focus on financial empowerment. As a Senior Stop Loss Underwriter, you'll join a 'family-like' atmosphere where inclusion fuels innovation. Symetra's principles ensure transparent operations and sustainable growth, making it a premium choice for insurance professionals. Remote flexibility, robust benefits, and a salary reflecting expertise make this role compelling for those in finance and insurance careers.

Role FAQs

Q: Is this role fully remote? Yes, it's remote within the United States.

Q: What is the salary range? $87,900 - $146,500 annually, plus bonus eligibility.

Q: What experience is required? 3+ years in Stop Loss underwriting, with strong analytical skills.

Q: Does Symetra offer professional development? Absolutely, through projects, cross-training, and mentorship.

Q: How does Symetra support inclusion? By actively removing barriers, celebrating diverse perspectives, and prioritizing DEI initiatives.