Rating & Underwriting Analyst 1

Blue Cross Blue Shield of Michigan • Detroit, MI

1d

About The Position

Blue Cross Blue Shield of Michigan is seeking a Rating & Underwriting Analyst to
help safeguard the financial health of the company through risk evaluation and
sound business recommendations. In this role, you will calculate renewal rates
and settlements, analyze projected financial impacts, and ensure the accuracy
and quality of rate releases. You’ll prepare ERISA reports, create customer
quotes using demographic and claims data, and review participation levels,
contribution methodologies, and industry classifications.

Supporting more senior analysts, you’ll help explain rate changes to
stakeholders—such as customers, sales teams, agents, consultants, and employer
groups. You’ll apply underwriting and rating policies when reviewing exception
requests and prepare recommendations for leaders, considering both financial and
operational impacts. Additional tasks may be assigned to support team goals.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics, Mathematics, Statistics or a related field
• Strong skills in financial analysis, mathematics, and report preparation
• Effective communication and organizational abilities
• Proficiency in Microsoft Excel, Word, and PowerPoint

Nice To Haves

• Experience or internships in accounting, financial analysis, or underwriting
• Experience with MS Access, Visual Basic, rating systems, and SQL, Python, or R
• Familiarity with sales distribution channels and healthcare laws and regulations (HMO, PPO, ACO, etc.)

Responsibilities

• Calculate renewal rates and settlements
• Analyze projected financial impacts
• Ensure the accuracy and quality of rate releases
• Prepare ERISA reports
• Create customer quotes using demographic and claims data
• Review participation levels, contribution methodologies, and industry classifications
• Explain rate changes to stakeholders
• Apply underwriting and rating policies when reviewing exception requests
• Prepare recommendations for leaders, considering both financial and operational impacts
• Support team goals

What This Job Offers

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