Your Role
The Middle Market underwriting team is responsible for balancing operating income and membership goals while protecting the company's bottom line from loss. The Underwriter - Large Group, Experienced will report to the group underwriting manager. In this role you will directly contribute to the company achieving its financial and strategic goals for employer accounts with 101 or more eligible subscribers.
Your Work
In this role, you will:
- Collect, review and analyze customer specific information including financial condition, employee demographics, carrier history and previous claim experience to determine risk, potential benefit features and premium rates for fully insured groups requiring minimal customization
- Underwrite new and renewal business by calculating monetary risk along with amendments to existing contracts
- Assist as necessary in the negotiation of benefit plan designs and financial assumptions with sales teams on new and renewed business
- Review and approve all sales requests within company established standards and policy guidelines
- Review and interpret ad hoc reports as requested and produce ongoing reports
- May assist the sales team in implementing new and existing contracts by reviewing final enrollment numbers
- Provides underwriting knowledge sharing and education to peers and/or members of the sales team
Your Knowledge and Experience
- Requires a bachelor's degree in a related field such as finance, mathematics or accounting and/or equivalent combination of education and experience
- Requires at least 3 years of prior relevant experience
- Requires working knowledge of underwriting principles and procedures
- Requires demonstrated math/statistical, analytical and problem-solving skills
- Requires an attention to detail and accuracy and understanding of the company's revenue, operating income and membership goals
- Requires ability to solve complex problems with sometimes ambiguous information
- Requires good time management and customer service skills
