Group Underwriter I

HMSA•Honolulu, HI

6d•Hybrid

About The Position

Responsible for accurately calculating and analyzing rates for large employer groups using historical utilization and demographics. This role involves extracting and analyzing historical data, assessing group composition for risk, and producing accurate rate renewals and filings. The Group Underwriter I will also provide consultation to the Marketing Department, support rate filing activities, and act as a resource for questions regarding rate calculations and financial arrangements. Collaboration with underwriting and account management teams to adjust rates and provide financial options is key. Additionally, the role requires preparing and analyzing various reports, reconciling monthly billings for self-insured accounts, and supporting the Account Planning process by preparing rate proposals for new accounts. Identifying and resolving data problems, tracking large case amounts, preparing recovery reports, and organizing data for reinsurance audits are also important aspects of this position.

Requirements

Bachelor's degree or two years of specialized training/experience in group underwriting.
Demonstrated ability to work quickly and accurately with basic math formulas and concepts including fractions, percentages, ratios, and proportions.
Apply mathematical logic in practical situations.
Demonstrated ability to read and interpret documents such as group agreements, financial reports, and procedure manuals.
Basic knowledge of Microsoft Office applications, including Word, Excel, and Outlook.

Responsibilities

Accurately calculate and analyze rates for large employer groups using historical utilization and demographics.
Extract and analyze historical data of the account to ensure accuracy and good logic.
Analyze the overall composition of the group to ensure that the total risk is not excessive and identify any anomalies that may be present that would justify an adjustment.
Produce accurate rate renewals and rate filings using pre-established guidelines approved by the State Insurance Commissioner.
Provide consultation and creative recommendations to Marketing Department on the proposals produced.
Support rate filing activities.
Act as a resource for questions from accounts, Account Management, and Sales Department on rate renewal calculations and various financial arrangements.
Collaborate with the underwriting and account management team to adjust rates and provide financial options as appropriate.
Accurately prepare and analyze reports as required by account (5500, utilization reports, financial reports, financial accountings, financial settlements, etc.).
Prepare, analyze, and reconcile monthly billings for self-insured accounts based on the terms of the contract with the account.
Answer underwriting questions from accounts and Account Management and Sales Department on statistical and financial reports.
Produce other data as needed to support the Account Planning process.
Analyze and prepare rate proposals for new accounts based on information provided and be able to choose a course of action, keeping HMSA's risk in mind.
Identify, research, and resolve data problems when they arise.
Identify, research, track, and report paid/unpaid large case amounts as needed.
Prepare and audit monthly recovery reports with supporting documentation and respond timely to open queries.
Aggregate and organize data submissions and narratives for reinsurance audits and reinsurance renewal submissions.
Perform all other miscellaneous duties and responsibilities as directed or assigned.