Group Underwriting Consultant Senior

Elevance Health • Woodbridge Township, NJ

3d • Hybrid

About The Position

The Group Underwriting 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. How You Will Make an Impact Primary duties may include, but are not limited to: Proposes 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 and financial questions. Drive any escalation required with limits of authority review. Performs post-sale reviews and management reporting, as applicable. Coordinates with other departments to ensure accuracy and consistency of overall account reporting. Prepares any benefit change increments and decrements. Assists in establishing rating and administrative procedures. May participates in major multi-functional teams as underwriting representative as applicable. Assists in the technical development of underwriting associates, including mentoring, on the job training, and peer review. Demonstrates leadership by recommending and guiding efficiency improvements, process changes or any other opportunities to improve the Underwriters workflow/toolset. Negotiates, collaborates, partners with internal Sales leads/management and engages in Broker discussions/meetings as applicable.

Requirements

• Requires a BA/BS in a related field
• Minimum 7 years of related experience; or any combination of education and experience, which would provide an equivalent background.

Nice To Haves

• CPCU, CLU, LOMA, HIAA, PAHM or other insurance related courses preferred.

Responsibilities

• Proposes 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 and financial questions.
• Drive any escalation required with limits of authority review.
• Performs post-sale reviews and management reporting, as applicable.
• Coordinates with other departments to ensure accuracy and consistency of overall account reporting.
• Prepares any benefit change increments and decrements.
• Assists in establishing rating and administrative procedures.
• May participates in major multi-functional teams as underwriting representative as applicable.
• Assists in the technical development of underwriting associates, including mentoring, on the job training, and peer review.
• Demonstrates leadership by recommending and guiding efficiency improvements, process changes or any other opportunities to improve the Underwriters workflow/toolset.
• Negotiates, collaborates, partners with internal Sales leads/management and engages in Broker discussions/meetings as applicable.

Benefits

• In addition to your salary, Elevance Health offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements).

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees