Group Underwriter Consultant determining insurance risks and premium rates for large group cases. Requires strong analytical skills and 5+ years of related experience in underwriting.
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.
Coordinates 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 work flow 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
CPCU, CLU, LOMA, HIAA, PAHM or other insurance related courses preferred
8-10 years of related experience strongly preferred
Intermediate Microsoft Excel experience to include advanced proficiency in formulas, PivotTables, VLOOKUPs, and macros
Prior experience with rating tools and reporting tools (i.e. BusinessObjects or similar) preferred
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