Assistant Vice President, Stop Loss

Job Summary:

Lockton Dunning Benefits is currently seeking an Assistant Vice President for our Specialty Stop Loss team, who will act as a subject matter expert and serve the important role of consulting with Lockton clients. With the assistance of the Team Lead, the ideal candidate will possess and apply knowledge of industry trends and related regulations to service clients in an innovative and efficient manner, while mentoring and training members of the team to meet or exceed industry standards.

ESSENTIAL JOB DUTIES AND RESPONSIBILITIES

• Plans and leads the work of dedicated team personnel, including directing work assignments, scheduling and reviewing work-in progress
• Monitors team work flow and redirects as needed to ensure continued prompt and accurate service.
• Manages staff, with responsibility for hiring, performance management and coordinating training and development
• Manage a portion of complex book of business with local and national clients that are comprised of various funding methods
• Act as an expert within the Stop Loss team and consult with other internal SME’s on complex strategies to optimize client satisfaction & retention
• Primary contact with vendor partners and negotiates plans terms/changes to overall plan design
• Collect, review and prepare data to issue to market for quotes into the stop loss program(s)
• Execute client renewals by building relationships with key client stakeholders and asking effective probing questions that lead to innovative benefit plan designs
• Research and understand industry trends, carrier product offerings, and emerging trends.
• Lead the implementation process with teams, TPA’s and stop loss carriers
• Support the generation of new business by collaborating with Producers in prospect meetings, acting as the technical SME and leading the RFP process
• Ability to lead client meetings and provide “on the spot” strategic guidance and financial performance information in conjunction with or independently from the team lead
• Work with team lead in ensuring completion of reports and administrative actions for clients such asForm 5500 filings, policy checking and delivery, SPDs, etc.
• Act as a trusted business advisor by developing relationships with client’s contacts through effective
  
  communication and quality execution of plan designs/projects
• Meet with clients in conjunction with team lead to review action items and communicate problemsand/or vendor issues
• Develop and produce Request for Proposal (RFP) by coordinating vendor replies, developing an analysisfrom RFP responses and preparing client report with recommendations
• Use discretion, independent judgment when analyzing industry trends and provide feedback to team
• Ability to supervise and interview potential candidates for team employment
• Mentor and train team members with the end goal of providing the highest level of support by meetingor exceeding industry standards
• Identify and address client service issues; develop and implement processes and policies to improveoverall client service
• Maintain an awareness of all large and potentially complicated claim related matters, assist withnegotiations and resolution of claim settlement on behalf of clients
• Interpret Clients’ current plan and identifies and recommends opportunities to expand lines of coverage)

#LI-Hybrid

Requirements:

EDUCATION, EXPERIENCE, AND SKILLS REQUIRED

• Bachelor's Degree in Business Administration or related field and/or equivalent years of experience
• Minimum 7 years of experience in insurance industry, specifically in employee welfare benefits
• Must have strong knowledge of all life, disability, health, and dental areas (both financial and benefits) for multiple insurance companies or TPA vendors.
• Ability to drive differing financial arrangements and products available to clients (i.e. fully insured, self-funded, minimum premium, ASO)
• Strong customer service skills, with the ability to develop strong client relationships with multiple clients
• Strong knowledge of Microsoft Office Suite (Word, Outlook, Excel, and PowerPoint)
• Must have strong knowledge of vendor and competitors' strengths and weakness
• Strong interpersonal communication and critical thinking skills required
• Understands industry trends and governmental regulations
• Ability to protect confidential client and company information
• Ability to work in a fast-paced environment and multi-task effectively
• Current required licenses or ability to immediately obtain
• Legal right to work in the United States

Location: Plano, TX, US

Posted Date: 11/25/2024