Group Underwriting Consulting RX

Health Care Service Corporation•Chicago, IL

6d•$92,700 - $167,500•Hybrid

About The Position

This position is responsible for achieving profit, growth, service and expense objectives through the financial analysis and pricing of HCSC RX business by quoting and rating proposals, projection renewal and the preparation of annual settlements and experience reporting. Under minimal supervision, the group underwriting consultant serves as an expert consultant on matters pertaining to underwriting, performance guarantees, and other financial considerations. Provides underwriting services to determine pricing and monitors accounts to ensure they remain on a profitable basis. Maintains and applies knowledge of pricing strategies in the health insurance industry.

Requirements

Bachelor’s degree in mathematics or accounting
Minimum of 5 years underwriting experience
Advanced knowledge of mathematical applications used in underwriting, including ability to calculate figures such as discounts, proportions and percentages, as well as application of basic concepts of business mathematics and algebra in underwriting problems
Knowledge of State and Federal legislation to group health underwriting

Nice To Haves

Experience with major pharmacy benefit managers (PBM)
RX Broker
Intermediate Excel skills

Responsibilities

Achieve profit, growth, service and expense objectives through financial analysis and pricing of HCSC RX business.
Quote and rate proposals.
Project renewals.
Prepare annual settlements and experience reporting.
Serve as an expert consultant on matters pertaining to underwriting, performance guarantees, and other financial considerations.
Provide underwriting services to determine pricing.
Monitor accounts to ensure they remain on a profitable basis.
Maintain and apply knowledge of pricing strategies in the health insurance industry.