Group Underwriter Consultant Senior
About The Position
The Group Underwriter Consultant Senior determines the acceptability of insurance risks and appropriate premium rates for large and complex group cases. This is the most senior technical underwriting expert role. The position develops and evaluates pricing and renewal strategies using experience, demographics, plan design, market conditions, and other risk factors; manages a portfolio of large and complex clients; and provides underwriting analysis, recommendations, and ongoing consultation. It also serves as a subject matter expert on underwriting methodologies, rating practices, risk assessment, and business processes, while providing technical guidance and mentoring to underwriting associates. The role works with Sales, Account Management, Actuarial, Finance, and other partners on pricing, sales, and renewal strategies. It monitors workflow, results, controls, and policy compliance; evaluates underwriting exceptions; and contributes to cross-functional initiatives and process improvements. Additional work includes calculating renewal rates, proposing rates for prospective business, conducting post-sale reviews, supporting reporting and annual settlements, and updating underwriting procedures to meet system, regulatory, and business requirements. The position requires associates to work in-office one to two days per week. Candidates must live within a reasonable commuting distance of a posting location unless an accommodation is granted as required by law. The role is designated Non-Management Exempt and is a first-shift position.
Requirements
- Bachelor's degree in a related field and at least 7 years of related experience, or an equivalent combination of education and experience.
- Ability to determine insurance risk acceptability and appropriate premiums for large and complex group cases.
- The position requires in-office work one to two days per week, and candidates must be within reasonable commuting distance of a posting location unless an accommodation is granted.
Nice To Haves
- CPCU, CLU, LOMA, HIAA, PAHM, or other insurance-related coursework or credentials.
- Experience with student health populations and/or professional employer organizations (PEOs).
- Advanced Microsoft Excel experience, including complex formulas and macros.
Responsibilities
- Develop and evaluate pricing and renewal strategies using experience, demographics, plan design, market conditions, and other risk factors.
- Monitor underwriting workflow, business results, internal controls, and adherence to established policies, procedures, and guidelines.
- Evaluate and provide guidance on underwriting exceptions, balancing risk, competitive considerations, and business objectives.
- Collaborate with Sales, Account Management, Actuarial, Finance, and other matrix partners on pricing, sales, and renewal strategies.
- Serve as a subject matter expert on underwriting methodologies, rating practices, risk assessment, and business processes.
- Manage a portfolio of large and complex clients, providing underwriting analysis, recommendations, and ongoing consultation.
- Participate in cross-functional initiatives and identify opportunities to improve underwriting processes, controls, tools, and operational effectiveness.
- Provide technical guidance and mentoring to underwriting associates.
- Calculate renewal rates for large, complex cases based on analysis of experience, location, demographics, and other relevant factors.
- Guide medical underwriters concerning risk selection for applicants seeking individual health coverage.
- Coordinate with other departments to ensure accuracy and consistency of overall account reporting.
- Propose rates for prospective business using other carrier experience, demographic data, and manual rates.
- Perform post-sale reviews.
- Prepare or supervise preparation of annual settlements, ERISA reports, rate projections, or benefit change increments and decrements.
- Survey existing product portfolios by market, monitor sales results, trends, and needs, and recommend product portfolio changes.
- Assist in establishing rating and administrative procedures.
- Participate as the underwriting representative on major multifunctional teams.
- Assist in the technical development of underwriting associates, including monitoring reports and workflow and recommending productivity and efficiency improvements.
- Update and monitor departmental processes and procedures for compliance with system, regulatory, and business requirements.
Benefits
- Merit increases
- Paid holidays
- Paid Time Off
- Incentive bonus programs, except where covered by a collective bargaining agreement
- Medical benefits
- Dental insurance
- Vision insurance
- Short- and long-term disability benefits
- 401(k) with match
- Stock purchase plan
- Life insurance
- Wellness programs
- Financial education resources
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What This Job Offers
Job Type
Full-time
Career Level
Senior
