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Health Plans, Inc. Senior Stop Loss Strategist (On-Site/Hybrid) in Westborough, Massachusetts

Do you envision working for a company that has the expertise of a long-standing industry leader, but the spirit of an entrepreneur? Does the thought of making a real impact motivate and energize you? If so, HPI is the place for you. Join a team that values integrity, flexibility, loyalty, compassion and dedication—we can’t wait to meet you.

What we do

HPI is unique. A respected industry leader that’s been serving customers for over 40 years, we’re known for our innovation and growth. Our experience has given us our expertise, but our forward-thinking, entrepreneurial spirit has given us our strong reputation. As a third-party administrator, we offer a suite of health and benefit solutions to employers. By joining HPI, you’ll contribute to ideas that make a real difference for employers and employees nationwide. There isn’t a challenge we won’t accept and we’re looking for people who have a passion to take it on. Not just a job—a mission.

What you’ll do

The Senior Stop Loss Strategist is responsible for developing relationships internally and externally to maximize stop loss sales growth in accordance with the business plan. Responsibilities include coordinating with underwriting and stop loss operations staff, maintaining quality stop loss relationships, and assuring timely, accurate, and competitive proposals and renewals in conjunction with the HPI and Harvard Pilgrim Health Care medical representatives.

In this role, you’ll also:

  • Support clients, brokers, sales and account management by providing guidance and consultation on complex underwriting subjects such as rate calculations, analyzing plan benefits, and legislative updates.

  • Manage stop loss underwriting process to ensure accurate and competitive preparation of stop loss proposals and renewals.

  • Collaborate with the Vice President, Corporate Stop Loss in developing business plans, product portfolio, and market strategy.

  • Assess and develop relationships with stop loss markets to assure competitiveness, quality contracts, and responsiveness.

  • Collaborate with underwriting to analyze geographical market data as to impact on claim utilization cost.

  • Work alongside the Vice President, Corporate Stop Loss to ensure accuracy of underwriting guidance to departments while assessing policy and procedure.

  • Support the Vice President, Corporate Stop Loss in establishing underwriting profit goals and other measurements including loss ratio, new business development, policy count, account retention, etc. to the Executive Leadership Team.

  • Provide leadership to underwriting in analyzing individual risks and book of business results to manage and control underwriting exposure and pricing strategy consistent with company objectives.

  • Work with internal and external business units to develop joint business plans, value propositions and cross marketing programs.

  • Lead cross-functional projects that support department and company goals.

  • Contribute to the achievement of the business plan. Responsible for supporting profitable production underwriting and maintenance of new and renewal accounts across the HPI and HPHC books of businesses.

  • Assist in development of marketing plans with brokers and clients.

  • Manage stop loss reporting process inclusive of gathering claim details, clinical notes, NDA completion, and privacy process.

  • Liaise with other production units to identify account expansion opportunities.

  • Support stop loss alternative funding growth through development of captive solution or captive partnership solution.

  • Support strategic prospecting / positioning of stop loss program in conjunction with HPI’s national growth and Employer Health Network (EHN) growth.

What you bring

  • Bachelor’s Degree (BS/BA) required in business or related field.

  • 5-7 years’ experience:

  • Stop loss underwriting or reinsurance experience.

  • Coordinating and managing cross functional teams

  • Developed strong broker relationships

  • Maintaining client satisfaction and implementation of stop loss programs

  • Working with broker and consulting community

  • Multi-state Life & Health License.

  • Knowledge of underwriting processes, coverages and tools to gather and evaluate information to reach appropriate decisions on renewals and new business.

  • Ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change, exercise influence, and manage and prioritize multiple projects.

  • Knowledge of group benefits legislation including ERISA, ACA, COBRA & HIPAA.

  • Advanced skill level in Microsoft Office, including Word, Excel, Outlook and PowerPoint.

Why choose us?

  • Our space is a reflection of who we are—innovative, open and collaborative.

  • Love to get creative? We do too. Brainstorm in one of our team break-out rooms.

  • We think feeling your best is an important factor in producing great work, so we embrace a “smart casual” dress code and work at ergonomic desks.

  • Need to reenergize? Take a break to chat in the onsite café, go for a walk on one of the beautiful trails in our office park, or get in a quick workout at one of the campus gyms.

  • We offer our employees flexible work arrangements including remote and hybrid options (depending on the position)

  • We’re a people-first company and value giving back to our community. Ask us about our RISE Committee & and volunteer opportunities.

Benefits

We care about you and believe the greatest gift you can give yourself, your family, and the world is a healthy you! We offer a comprehensive and competitive benefits package to help you lead a happy, healthy life. Check out some of the benefits we offer to our employees:

  • Medical, Dental and Vision Coverage

  • Prescription Drug Coverage

  • Fitness Reimbursement Benefit

  • Tobacco Cessation Program

  • Employee Assistance Program

  • Flexible Spending Account & Health Savings Account

  • 401(k) and Profit-Sharing Plan

  • Quarterly Bonuses

  • Generous Paid-Time Off

  • Volunteer Days

  • Education Assistance & Professional Development Opportunities

  • ….and much much more!

So, think you want to join the HPI team? We hope to hear from you!

You can read more about us at hpitpa.com/about-us/careers/

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