Underwriter I - Lead

About the role

Cambia’s dedicated team of Underwriters evaluates each assigned group’s risk and attaches the appropriate rate— all in service of creating an economically sustainable health care system. This role involves approving renewal changes, auditing groups, determining rates, ensuring participation requirements are met, preparing rate filings, and communicating changes to other departments.

Responsibilities

• Approves renewal changes after verifying rates and product selection.
• Audits both new and renewing groups as necessary.
• Determines rates for alternative benefit variations.
• Ensures that group participation requirements are met.
• Prepares rate filings.
• Follows underwriting guidelines, policies, procedures and formulas in developing rates for new and renewal groups.
• Gathers the appropriate data used to determine the status of account refunds.
• Maintains spreadsheet information on group renewal history.
• Prepares memos and other correspondence to communicate changes in rates or benefits which have been approved by underwriting management.
• Supports internal sales staff regarding underwriting questions and/or resolves issues.
• Effectively communicates Underwriting decisions to other departments when necessary.

Qualifications

• Underwriter I: Bachelor’s degree in business, math, statistics or related discipline or equivalent experience.
• Underwriter II: Bachelor’s degree in business, math, statistics or related discipline and 2 years related experience or equivalent experience.
• Underwriter III: Bachelor’s degree in business, math, statistics or related discipline and 4 years related experience or equivalent experience.

Skills and Attributes

• Demonstrated analytical and problem-solving skills.
• Business sense including: finance, accounting, economics, and risk management principles.
• Effective verbal and written communications.
• Ability to build and maintain positive internal and external customer interactions.
• Ability to prioritize tasks and meet deadlines.
• Demonstrated technology proficiency, including Excel, Word, and applicable software applications.
• Experience with AI tools and technologies to enhance productivity and decision-making in professional settings highly desired.

Additional Requirements

• For Underwriter II: Demonstrated success with managing competing priorities and workload.
• For Underwriter III: Demonstrated proficiency working with complex computer software systems and automation.
• Ability to effectively explain complex mathematical and abstract concepts to a variety of stakeholders, including those with less familiarity and/or understanding.

Pay

• Oregon, Washington, Utah, and Idaho: The expected hourly hiring range for a Underwriter I is $25.92 - $37.26, the current full hourly range for this role is $24.40 - $42.20 and the bonus target is 5%.
• The expected hiring range for a Underwriter II is $69,700 – $94,300, the current full salary range for this role is $65,000.00 – $107,000.00 and the bonus target is 5%.
• The expected hiring range for a Underwriter III is $84,150.00 - $113,850.00, the current full salary range for this role is $79,000 to $129,000.00 and the bonus target for this position is 10%.

About Cambia

Cambia is a purpose-driven organization committed to creating a person-focused and economically sustainable health care system. Our Underwriters play a crucial role in evaluating risks and setting appropriate rates to support this mission.

Benefits

We offer a comprehensive benefits package including medical, dental, and vision coverage, a health savings account, generous paid time off, a retirement plan with a significant company match, and more. We also provide a variety of wellness programs and support for employees and their families.