Mgr Underwriting - Large Groups

Health Care Service Corporation•Downers Grove, IL

1d•$102,000 - $184,300•Hybrid

About The Position

The Manager of Underwriting – Large Groups manages a team that underwrites accounts in accordance with HCSC’s goals, objectives, and applicable federal and state legislation, supporting the sale and renewal of group business. The role requires extensive knowledge and experience in group health underwriting, pricing, funding arrangements, managed care, health care, and group insurance products. The manager applies underwriting methodologies and sound judgment to prospective and renewal accounts, including complex and large-group business. The position oversees work and project assignments, leads staff, and coordinates initiatives across departments. It also involves developing presentations, maintaining positive internal and external relationships, working with representatives of large and strategic accounts, interacting with senior management, and presenting to customers and external clients. The role requires project and process management capabilities, including identifying and implementing process improvements, and interaction with BCBSA and member plans. This is a hybrid role with an in-office requirement of three days per week. Compensation is a base pay range of $102,000 to $184,300 annually, with eligibility for an annual incentive bonus subject to plan terms and conditions.

Requirements

Bachelor’s degree and five years of experience underwriting small and/or large accounts and dealing directly with key customers, consultants, and/or brokers; alternatively, six years of such underwriting and customer-facing experience without the degree requirement.
Three years of underwriting higher-complexity cases when responsible for large, major, national, or special accounts, or demonstrated capability to meet the required job responsibilities.
Demonstrated skills and experience in underwriting and pricing various funding options and products and making sound decisions.
Operational knowledge of renewal and prospective group health underwriting processes and procedures.
Knowledge of underwriting methodologies, including mathematical and financial group health underwriting and funding.
Extensive experience applying consortium procedures and pricing, if applicable.
Extensive experience and knowledge of managed care and health care, group insurance products, group health underwriting financial arrangements, and relevant state and federal legislation.
Work management skills, including prioritizing and assigning work and project assignments.
Highly effective presentation skills for addressing customers and senior management.
Skills in developing presentations, maintaining positive relationships, interacting with large and strategic accounts, coordinating cross-department initiatives, interacting with senior management, and leading staff.
Project management skills and experience, including designing and leading projects.
Verbal and written communication skills, including appropriate grammar, word choice, precision, structure, tone, and level of detail for the audience.
Ability to interact with BCBSA and member plans.
Ability to interpret and describe BCBS products and financial arrangements, as well as competitors’ offerings.
Interpersonal skills for establishing and maintaining positive business relationships.
Independent judgment and problem-resolution skills.
Ability to multitask, prioritize, and manage time and workload to meet deadlines.
PC proficiency, including Microsoft Word and Excel.
Demonstrated skills and experience presenting to external clients.
Process management and process improvement experience, including identifying and implementing process changes.

Nice To Haves

Knowledge of the Blue System and ability to price Large Groups.
Rotation to other Underwriting market segments.

Responsibilities

Manage a team that underwrites accounts in compliance with HCSC goals, objectives, and federal and state legislation to support the sale and renewal of group business.
Underwrite and price group accounts, including various funding options and products, and make sound decisions.
Oversee renewal and prospective group health underwriting processes and procedures.
Prioritize and assign work and project assignments, lead staff, and manage workloads to meet deadlines.
Develop and deliver presentations to customers, external clients, and senior management.
Build and maintain positive business relationships internally and externally, including with representatives of large and strategic accounts.
Coordinate initiatives across departments and interact with senior management.
Design and lead projects and manage processes and process improvements.
Interact with BCBSA and member plans.
Interpret and describe BCBS products and financial arrangements, as well as those offered by competitors.