Group Underwriter Consultant Senior

Elevance Health•Wallingford, CT

5d•Hybrid

About The Position

The Group Underwriter Consultant Senior is responsible for determining acceptability of insurance risks and appropriate premium rates for large and complex group cases. Position is the most senior technical underwriting expert, and this role involves knowledge of all funding arrangements (Fully Insured, Level Funded, and ASO).

Requirements

Requires a BA/BS in a related field
Minimum 7 years of related experience
Group underwriting experience with strong technical underwriting expertise.
Experience underwriting large group, ASO (Administrative Services Only), and fully insured business.
Strong knowledge of medical underwriting principles, risk assessment, pricing methodologies, and financial analysis.
Advanced proficiency with Microsoft Excel and strong working knowledge of Microsoft Office Suite including Word and PowerPoint.
Strong analytical, problem-solving, and decision-making capabilities.
Excellent verbal and written communication skills with ability to present underwriting recommendations to leadership and stakeholders.
Demonstrated ability to work effectively in a matrixed and fast-paced environment.
Strong stakeholder management and cross-functional collaboration experience.
Strong presentation and consultative skills.
Ability to quickly adapt, work independently, and hit the ground running in a highly technical underwriting environment.

Nice To Haves

Experience supporting the CT/NY Tristate market preferred.
Experience supporting broker and client-facing interactions preferred.
Professional insurance designations or coursework preferred, including CPCU, CLU, LOMA, HIAA, PAHM, or other related certifications.
Experience with underwriting systems, financial modeling tools, and reporting platforms preferred.

Responsibilities

Propose rates for prospective business utilizing a combination of incumbent experience, demographic/census data and manual rates.
For larger more complex new business opportunities, will own all Underwriting pieces of the RFP including rate/fee development, rate/fee templates, financial questions, and coordination with other specialty lines of business owners.
Drive any escalation required within the limits of authority review.
Perform post-sale reviews and management reporting, as applicable.
Coordinate effectively with other departments to ensure accuracy and consistency of overall account reporting.
Prepare any requested benefit change increments and decrements/plan alternatives.
Assist in establishing rating and administrative procedures.
Participate in major multi-functional teams as the Underwriting representative as applicable.
Assist in the technical development of Underwriting associates, including mentoring, on the job training, and peer review.
Demonstrate leadership by recommending and guiding efficiency improvements, process changes or any other opportunities to improve the Underwriters workflow/toolset.
Negotiate, collaborate, and partner effectively with internal Sales leads/management and engage in Broker discussions/meetings as applicable.