Manager - UW

CVS Health

4d

About The Position

At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care. As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day. Position Summary Support Aetna's ability to achieve its financial and strategic goals through effective underwriting. Underwriting support primarily includes identifying, evaluating, and managing risk in order to maximize revenue, membership and earnings. Performs accurate underwriting analysis and risk assessment for new and/or renewal of large group contracts. Assigned cases/book of business will include multiple product types, funding arrangements and/or rating methodologies. This position requires solid Underwriting technical knowledge along with the ability to align pricing to case strategy, make alternative pricing recommendations and complex financial negotiations."

Requirements

• 3 - 5 years experience in underwriting pricing methodologies and funding arrangements.
• In-depth knowledge of rating and/or accounting and underwriting concepts preferred.
• Demonstrated analytical and independent thinking skills.
• Excellent written and verbal communication skills.
• Must be able to communicate effectively with internal and external constituents.
• Ability to use standard corporate software packages and corporate applications.
• Bachelor's degree or equivalent experience.

Responsibilities

• Prepare and deliver complex new business quotes and/or existing business renewals.
• Independently review work for accuracy, identify risks and make recommendations to manage risk while growing or retaining membership.
• Utilize advanced functionality of underwriting tools, systems, and reference materials to produce accurate quotes, renewals and/or accountings.
• Grant underwriting exceptions/financial variances for their assigned cases within the authority limit for the position.
• Detailed understanding of the rate and/or administrative fee development, pricing components, and application of underwriting and/or accounting policies.
• Anticipate questions and formulate responses.
• Serve as a strategic partner for field sales and account management on large employer groups.
• Presents information to employers, brokers and consultants.
• Produce timely and accurate customer specific documents, deliverables and accounting related information.
• Ensure the pricing and/or accounting supports the quote/renewal strategy.
• Peer review others work for accuracy.
• Assist department with projects or workgroups.
• Proactively identifies and supports process improvement through automation or process change.
• Identify training gaps and recommend an appropriate course of action.
• May be asked to develop or deliver training.
• Mentors less experienced underwriters in development of technical skills or specific subject matter.

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
• Number of Employees: 5,001-10,000 employees