Sr Analyst,Underwriter

CVS Health

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 - Performs underwriting analysis and risk assessment for new and/or renewal of large group contracts and accountings at a starting level. - Assigned cases/book of business will include multiple product types, funding arrangements and/or rating methodologies. - Prepares and delivers complex Middle Market new business quotes and/or renewals. - Collaborates with field sales and account management on complex or high profile cases. - Presents information to employers, brokers and consultants. - Independently reviews work for accuracy, identifies risks and makes recommendations to manage risk while growing or retaining membership. - Utilizes advanced functionality of underwriting tools, systems, and reference materials to produce accurate quotes and/or renewals. - Applies underwriting guidelines, negotiates financials and grants underwriting exceptions/financial variances for their assigned cases within the authority limit for the position. - Escalates exceptions outside authority limit to manager. - Produces timely and accurate customer specific documents, deliverables and account related information. - Ensure the pricing supports the quote/renewal strategy. - Peer review others work for accuracy. - Assists department with projects or workgroups. Identifies and may lead process improvement through automation or process change.

Requirements

• 1-4 years experience in healthcare (dental, vision, life, voluntary, medical) underwriting/accounting pricing methodologies and funding arrangements.
• Demonstrated success prioritizing work and the ability to multi-task in a fast-paced environment.
• Demonstrated ability to utilize analytical and independent thinking skills.
• Demonstrated success in collaborating with others to meet/exceed expectations.
• Experience providing clear and concise written and verbal communications.
• Experience working with standard Microsoft Office product with advanced skills in Microsoft Excel.

Nice To Haves

• Voluntary product Underwriting Experience or knowledge of Voluntary Products.

Responsibilities

• Performs underwriting analysis and risk assessment for new and/or renewal of large group contracts and accountings at a starting level.
• Assigned cases/book of business will include multiple product types, funding arrangements and/or rating methodologies.
• Prepares and delivers complex Middle Market new business quotes and/or renewals.
• Collaborates with field sales and account management on complex or high profile cases.
• Presents information to employers, brokers and consultants.
• Independently reviews work for accuracy, identifies risks and makes recommendations to manage risk while growing or retaining membership.
• Utilizes advanced functionality of underwriting tools, systems, and reference materials to produce accurate quotes and/or renewals.
• Applies underwriting guidelines, negotiates financials and grants underwriting exceptions/financial variances for their assigned cases within the authority limit for the position.
• Escalates exceptions outside authority limit to manager.
• Produces timely and accurate customer specific documents, deliverables and account related information.
• Ensure the pricing supports the quote/renewal strategy.
• Peer review others work for accuracy.
• Assists department with projects or workgroups.
• Identifies and may lead process improvement through automation or process change.

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: Mid Level