Overview
This role will assist and support the Underwriting & Consulting Team in the analysis of group benefit plan characteristics, assessment of risks as to frequency and potential severity of loss. This role will utilize underwriting criteria and policies to provide proper rating methodologies, and maintain resources on the economic analysis of market alternatives.
This position will be working Pacific Standard Time hours.
This role is budgeted at $65,000 annually
How you'll make an impact
- Performs financial analysis on behalf of clients, and provide consultation to clients around analytical findings.
- Typically supports other Account Managers, Account Executives, Producers and acts under their direction.
- Has direct customer contact.
- Projects, analyses, and/or assignments are less complex.
- Works independently on more routine/less complex assignments, and under the direction of a manager or Account Manager/Account Executive/Producer on more complex assignments.
- Responsible for conducting and documenting routine to moderate financial analysis projects for clients.
- Coordinates underwriting functions performed by outside consultants.
- Assists in the renewal rating process for the existing book of business.
- Provides support in the setting of rates and plan designs for group prospects.
- Assesses plan designs for changes and their financial implications.
- Coordinates with other departments and outside vendors with new and existing clients.
- Maintains data integrity with the multiple sources of data gathering.
- Provides analysis and recommendations for groups and rating scenarios.
- Ensures compliance with legal and regulatory requirements.
- Produces and maintains documentation to support underwriting recommendations and rate calculations.
- Participates in projects and consulting.
- Maintains and monitors the quality, timeliness and deliverables.
- Facilitates and participates in calls and meetings.
- Provides basic level financial, contract and/or administrative analysis and peer reviews the work of colleagues.
- Performs basic data analysis (including but not limited to review of claims and utilization data and looking for trends and patterns).
- Abides by all internal compliance and disclosure requirements, external vendor contracts to ensure alignment with client expectations and legal requirements.
- Assists in client requests including problem solving on administrative and operations issues.
About You
- 2 years related experience required in health insurance.
- Underwriting experience preferred
- Group Benefits experience required
- Experience with Requesting Proposals required
- Strong PC and Microsoft application skills, including Word and Excel.
- Bachelor's degree preferred but not required
