Group Underwriter

Medical Mutual•Cleveland, OH

4d•Hybrid

About The Position

Medical Mutual is seeking to expand its team with Group Underwriters. This role involves evaluating data and risk characteristics of individuals or groups to make complex decisions regarding renewal premiums, prospective client quotes, and the implementation of health underwriting policies. The Group Underwriter will exercise sound judgment in making exceptions to standard underwriting results to promote business retention and acquisition. They will also manage projects and provide training and education to underwriting, sales, brokers, and clients. The position requires developing renewal rates and premiums within regulations, evaluating risk, determining pricing, recognizing cost drivers, and proposing solutions. Articulating results and recommendations to various stakeholders, addressing exceptions and negotiations, and performing final underwriting are key functions. Collaboration with sales is essential for proposing benefit and funding alternatives and analyzing underwriting information for prospective clients. The role also involves acting as a consultant, providing reporting, analytics, and creative solutions, and training junior staff. In the absence of management, the Group Underwriter may lead staff.

Requirements

Bachelor’s Degree in Business, Finance or related field. Equivalent education and experience directly related to the role may substitute for a degree.
5 years' experience as a Group Underwriter or equivalent experience in health insurance underwriting.
In-depth knowledge of underwriting concepts and techniques of general health insurance and benefit funding designs/methodology.
Ability to underwrite for groups that are complex such as consortiums, multi-levels, and providers.
Strong math aptitude.
Intermediate Microsoft Office skills, including Access.
Ability to orient, train and assist more junior level staff.

Responsibilities

Develops renewal rates and premiums within state/ federal regulations, and internal policies and procedures.
Evaluates risk and determines logical pricing.
Recognizes cost drivers and proposes solutions.
Articulates results and recommendations to analysts, leadership and sales/service, brokers & consultants, and clients.
Addresses exceptions and negotiations according to policies.
Performs final underwriting.
Proposes meaningful benefit and funding alternatives for existing clients in collaboration with sales to provide the best plan designs to meet the client’s and the Company's objectives.
Analyzes underwriting information, data and risk for prospective individuals and programs in collaboration with sales, brokers & consultants and clients to provide the best plans and approaches that meet the client’s and the Company's objectives.
Acts as a consultant and works with sales, brokers & consultants, clients, , other areas of the company, and senior executives to provide reporting, analytics, insight, and creative solutions that support market and company strategies.
Trains and develops more junior level analysts and sales personnel to share knowledge, enhance productivity and efficiency of the area(s).
Leads development of activities that enhance proficiency of the area(s).
Leads staff in the absence of management.
Performs other duties as assigned.

Benefits

Laptop, monitors, keyboard, mouse and headset provided.
Access to on-site fitness centers or gym membership reimbursement.
On-site cafeteria at headquarters.
Discounts at local businesses.
Opportunity to earn cash rewards for shopping with customers.
Business casual attire, including jeans.
Employee bonus program.
401(k) with company match up to 4% and an additional company contribution.
Health Savings Account with a company matching contribution.
Medical, dental, vision, life and disability insurance.
Employee Assistance Program.
Company holidays.
Up to 16 PTO days during the first year of employment with options to carry over unused PTO time.
Parental leave for eligible employees.
Career development programs and classes.
Mentoring and coaching.
Tuition reimbursement up to $5,250 per year.
Diverse, inclusive and welcoming culture with Business Resource Groups.