Benefits Underwriter

Engage Employer•Tampa, FL

1d•Remote

About The Position

Engage PEO is seeking a Benefits Underwriter to manage health insurance risk and premium pricing for prospects and clients. The role reviews submission data, develops competitive benefit pricing, and ensures accuracy and timeliness throughout the pricing process. The Benefits Underwriter also partners with consultants and sales teams to support business growth while maintaining effective risk management. The position works with Sales Support, Underwriting, Operations, Business units, client services, sales, and other benefits team members. It supports the company’s sales model and value proposition and helps generate proposals using third-party analysis, parity tools, health scores, and carrier-established manual rates. The position is remote within the United States and is full-time, exempt. The starting base salary range is $60,000–$75,000, with pay potentially varying based on regional location, skills, and relevant experience. Some positions may include bonus or other incentive compensation.

Requirements

Bachelor’s degree in Business Administration, Finance, or a related field.
At least 2 years of work experience in financial analysis, pricing, and/or health benefits underwriting.
Proficiency with MS Office and intermediate Microsoft Excel skills.
Ability to apply basic underwriting skills to compare benefit plans and rates and use appropriate risk banding when quoting new business.
Working knowledge of the health insurance industry across Health, Life, Disability, Dental, and Vision coverage lines.
Strong analytical skills to understand numeric data and interpret and apply pricing guidelines to specific situations.

Nice To Haves

Professional Employer Organization (PEO) experience.
Resident State Health Insurance License (215).
Knowledge of ClientSpace and PrismHR.
Familiarity with the Affordable Care Act (ACA) and compliance.

Responsibilities

Support the internal team or third-party vendor in reviewing submissions from Sales Support, ensuring required documentation is received, and setting up appropriate underwriting tools.
Conduct parity on new underwriting business submissions when the third party or internal role responsible for that work is unavailable.
Review data and tools for completeness and accuracy, assess risk, and assign the associated premium.
Evaluate proposed prospects and Engage benefit pricing and proposals, then communicate final pricing to consultants and sales teams.
Prepare available plan portfolio options for each medical proposal.
Prepare Multiplan comparisons and contribution analysis when appropriate.
Work with the underwriting team to produce monthly reports on quotes, quote volume, quote tracking, book performance, and related data.
Provide quote analysis and appropriate actuarial review of data, and offer insight into process changes or updates to achieve plan performance targets.
Ensure all systems are accurately updated with underwriting metrics and data.
Work with Sales Support, Underwriting, Operations, and Business units to understand the Engage PEO sales model and value proposition.
Work with client services, sales, and other benefits team members to answer questions about plan offerings and guidelines.
Work with team members to generate proposals using third-party analysis, parity tools, health scores, and carrier-established manual rates.
Ensure proper rate banding and provide alternative plan structure options in accordance with Engage Insurance Agency Underwriting guidelines.
Perform other duties as required.