Manager, Stop Loss Underwriting

CVS Health • Hartford, CT

2d

About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. Position Summary As part of the Stop Loss Center of Excellence, this role will be supporting the Stop Loss Underwriting team. In this role, you will support the organization's ability to achieve its financial and strategic goals through effective underwriting. Identifies and manages risk, focused on stop loss risk, to maximize revenue, membership, and earnings. Performs underwriting analysis and risk assessment for new and/or renewal of large group contracts and accountings. In this role, you will also support the creation and implementation of underwriting tools and processes, identify relevant techniques, procedures, and methodologies to evaluate new and existing programs, and leverage an array of data sources to develop and implement new underwriting procedures and products.

Requirements

• Bachelor's degree or equivalent experience
• 3+ years of underwriting experience
• Prior stop/loss UW experience
• Mastery of problem solving and decision making skills.
• Manages projects, programs, and processes
• Collaborates with field sales and account management, reviewing and ensuring timely team completion of complex, high profile underwriting cases, presenting deliverable results to employers, brokers, and consultants
• Controls systems and strategies for reviewing teamwork results for accuracy, while also identifying risks to make recommendations for mitigating risk while growing membership portfolio strength
• Facilitates advanced functionalities of underwriting tools, systems, and reference materials to produce accurate, detailed quotes to advance policy renewals and customer knowledge and loyalty
• Coaches and trains junior colleagues in techniques, processes, and responsibilities
• Knowledge of the competitive landscape
• Demonstrates a growth mindset (agility and developing yourself and others) skills

Nice To Haves

• Experience and/or exposure to stop loss rating tools and processes as well as evaluating risk associated with the Stop Loss product.

Responsibilities

• Identifies and manages risk, focused on stop loss risk, to maximize revenue, membership, and earnings.
• Performs underwriting analysis and risk assessment for new and/or renewal of large group contracts and accountings.
• Support the creation and implementation of underwriting tools and processes
• Identify relevant techniques, procedures, and methodologies to evaluate new and existing programs
• Leverage an array of data sources to develop and implement new underwriting procedures and products
• Collaborates with field sales and account management, reviewing and ensuring timely team completion of complex, high profile underwriting cases, presenting deliverable results to employers, brokers, and consultants
• Controls systems and strategies for reviewing teamwork results for accuracy, while also identifying risks to make recommendations for mitigating risk while growing membership portfolio strength
• Facilitates advanced functionalities of underwriting tools, systems, and reference materials to produce accurate, detailed quotes to advance policy renewals and customer knowledge and loyalty
• Coaches and trains junior colleagues in techniques, processes, and responsibilities

Benefits

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager