Assistant Vice President, Stop Loss

Location Icon

Plano, Texas, United States of America

Bag Icon

Client Services

Profile Icon

2400HH

Apply now

Assistant Vice President, Stop Loss

Location Icon

Plano, Texas, United States of America

Bag Icon

Client Services

Profile Icon

2400HH

Apply now
Working at Lockton

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

Secondary locations

Houston, Philadelphia, Minneapolis

Business unit

Lockton-Dunning Series

Schedule

Full-time

Job type

Standard

Workplace

Hybrid

Responsibility Icon

Your Responsibilities

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 as Form 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 problems and/or vendor issues
  • Develop and produce Request for Proposal (RFP) by coordinating vendor replies, developing an analysis from 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 meeting or exceeding industry standards
  • Identify and address client service issues; develop and implement processes and policies to improve overall client service
  • Maintain an awareness of all large and potentially complicated claim related matters, assist with negotiations 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

Qualification Icon

Qualifications

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

Equal Opportunity Statement

Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 10,000+ Associates doing business in over 100 countries are empowered to do what’s right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

Learn more about your Lockton experience

No Agencies Please

Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.

Similar Vacancies

View all

Life at Lockton

Life at Lockton Article Header US News Award

October 7, 2024

Lockton recognized a...
Lockton is proud to announce that we have been named one of the 2024-2025 Best Companies to Work For by U.S. News & World Report. This recognition highlights our commitment to creating a workplace that meets the needs of our people. In addition to this honor, Lockton has also been recognized as one of the best companies in the Financial Services division. At Lockton, our people are our greatest asset. We empower and trust our employees to do what’s right for our clients, each other, and our communities. We support our team and their families through every stage of life with top-tier benefits. Our private ownership allows us to reinvest in our business continually, driving long-term strategic growth. This investment in our people and capabilities ensures greater stability, security, and expertise. Learn more about your experience at Lockton. U.S. News & World Report’s Best Companies to Work For ratings are based on employee sentiment regarding pay and benefits, work-life balance, professional development, and physical and psychological comfort. To be eligible for the Best Companies to Work For: Private Companies list, organizations must be nonpublicly traded, have more than 5,000 employees, and generate over $500 million in annual revenue, as defined by Crunchbase. Additionally, these companies must have at least 75 U.S.-based Glassdoor reviews from 2020 to 2023. Click here to view the full list.
Life at Lockton Article Header_RISE

October 4, 2024

Lockton named to the...
Lockton is thrilled to share that we have been named to the RISE Professionals 2024 Elite 50 Internships list. This recognition underscores our dedication to offering an outstanding internship experience and cultivating future leaders in the insurance sector. RISE Professionals annually reviews and selects internship programs that excel in developing talent, creating meaningful experiences, and supporting the growth of young professionals in the insurance industry. The 2024 Elite 50 Internships were chosen based on criteria such as mentorship programs, leadership development, diversity and inclusion initiatives, and hands-on learning approaches. Lockton internships offer a vibrant setting that fosters both personal and professional development. Our program includes a variety of talent development classes, such as resume workshops, etiquette courses, and training on business lines and client service. Through real-life projects, our interns gain essential workplace skills. Additionally, they build lasting relationships with peers and enjoy unparalleled access to supportive leaders and Associates, all of whom are dedicated to helping them achieve their full potential. Click here to view the full RISE 2024 Elite 50 Internships list.
Life at Lockton Article Header - 1

September 26, 2024

Our Global Community...
Lockton is a company with a purpose. Every day, we strive to create a remarkably better world – to be more, do more, and care more. It is who we are. Lockton and our people have been working around the world to advance our collective impact, and we are proud to share our first global Lockton Cares report with you. In this report, you will find inspiring stories of giving – from both Lockton as a company and our empowered Associates – that have made positive changes in our neighborhoods. Though these stories do not represent the totality of our story, they give you a snapshot of how Lockton, and more importantly our people, are helping our communities reach their ultimate potential. Read our 2024 Lockton Cares Report.
Life at Lockton Article Header - 1

September 12, 2024

Creating a Remarkabl...
At Lockton, we empower our people, clients, and communities to achieve their ultimate potential. In the last two years, we’ve made great strides in building on our foundation to make changes, decisions, and investments that will result in positive global outcomes. We’ve become a better employer, client advisor, and community partner. We’ve invested in understanding our environmental footprint, formalized a global committee, and doubled down on our commitment to our people and neighborhoods — to name a few. The efforts and expertise of our people and leaders worldwide to further our values and solidify our commitments are creating changes that will continue to help us achieve a remarkably better world. As always, we remain committed to being an employer of choice, trusted client advisor, and active community partner. We look forward to our ongoing progress in this space. Read the 2024 Lockton Impact Report.