Associate Underwriter
EmblemHealth, New York City, NY, US, 10261
Salary min: $23.00
Salary max: $39.00
Summary:
- Underwrite EmblemHealth's existing and new business accounts, including Broker Accounts within published time frames.
- Process sold new business groups.
- Develop and maintain good working relationships between Underwriting and Marketing.
- Maintain logs and complete various reports as needed.
Responsibilities:
- Underwrite new and existing large groups, within the published departmental time frames, using the departmental and corporate guidelines, strategies and goals.
- Evaluate risk using demographics, claims experience, predictive modeling, high-cost claimant review, and other criteria.
- Utilize various pricing models to develop both manual and experience rates.
- Provide clear documentation and recommendations to management.
- update tracking tools. Evaluate pricing impact of alternative plan designs.
- Review and analyze Request for Proposals (RFPs) and prospective and renewal rate quotes from Brokers, Consultants, and Marketing Representatives.
- Collect data and produce enrollment, claims, utilization reports from COGNOS, Tableau, Facets and other databases/reporting tools.
- Produce analyses and ad-hoc reports as needed.
- Communicate and explain Underwriting recommendations/decisions to the Sales Account Executives.
- Prepare summaries for Account Executives for renewals, based on financial history of the groups, demographics and projections moving forward.
- Provide support explaining analysis to brokers and/or customers as needed.
- Perform other duties as assigned or required.
Qualifications
* Bachelor's degree in mathematics, Economics, Statistics, Finance or Business Administration required; additional experience/specialized training may be considered in lieu of degree requirement
* 2 - 3+ years of relevant, professional work experience required
* 1 - 2+ years of Group Health Insurance Underwriting or related equivalent experience required
* Knowledge of underwriting methodologies including Experience Rating Methodology required
* Strong communications skills (verbal, written, presentation, interpersonal) with all types/levels of audience required
* Proficiency with MS Office (Word, Excel, PowerPoint, Outlook, Teams) required
* Strong analytical abilities and problem-solving skills required
* Ability to utilize analytical tools, formulas, and processes to develop recommendations required
* Organizing and prioritizing skills required
* Ability to work independently and in a deadline-oriented environment required
* Ability to take initiative in developing and completing projects required
- Requisition ID: 1000002940
- Hiring Range: $48,600-$83,160