Group Underwriting Consultant

About the role

Responsible for determining acceptability of insurance risks and appropriate premium rates for large and complex group cases.

Responsibilities

• Calculates renewal rates for large complex cases based on thorough analysis of experience, location, demographics, etc.
• Determines and provides guidance to medical underwriters concerning the risk selection of applicants applying for individual health coverage.
• Collaborates with other departments to ensure accuracy and consistency of overall account reporting.
• Proposes rates for prospective business utilizing a combination of other carrier experience, demographic data and manual rates.
• Performs post-sale reviews.
• Prepares or supervises preparation of annual settlements, ERISA reports, rate projections, or benefit change increments and decrements.
• Surveys existing product portfolios by market, monitors sales results, trends and needs, recommends product portfolio changes.
• Assists in establishing rating and administrative procedures.
• Participates in major multi-functional teams as underwriting representative.
• Assists in the technical development of underwriting associates, which may include monitoring reports and workflow to provide recommendations on productivity and efficiency improvements.
• Updates and monitors departmental processes and procedures in compliance with system, regulatory and business requirements.

  Requirements

  • Requires a BA/BS in a related field; Minimum 5 years of related experience; or any combination of education and experience, which would provide an equivalent background.
  • Preferred skills, capabilities, and experiences include CPCU, CLU, LOMA, HIAA, PAHM or other insurance related courses.

    Qualifications

    Minimum Requirements:

    • A BA/BS in a related field.
    • Minimum 5 years of related experience.
    • Any combination of education and experience, which would provide an equivalent background.
    Preferred Skills, Capabilities, and Experiences:
    • CPCU, CLU, LOMA, HIAA, PAHM or other insurance related courses.

    Skills

    N/A

    Benefits

    N/A

    Pay

    N/A

    Schedule

    Hybrid 1: This role requires associates to be in-office 1 day per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance.