Stop Loss Group Underwriter II

Elevance Health • Wallingford, CT

1d • Hybrid

About The Position

The Group Underwriter II is responsible for determining acceptability of insurance risks and appropriate premium rates for renewal and prospect employer groups in accordance with corporate underwriting guidelines and authority limits. How you will make an impact: Calculates stop loss rates for large complex cases based on thorough analysis of experience, location, demographics, etc. Coordinates with other departments to ensure accuracy and consistency of overall account reporting. Proposes rates for prospective business utilizing a combination of other carrier experience, demographic data and manual rates. Performs post-sale reviews. Prepares or supervises preparation of annual settlements, rate projections, or benefit change increments and decrements. Surveys existing product portfolios by market, monitors sales results, trends and needs, recommends product portfolio changes. Assists in establishing rating and administrative procedures. Participates in major multi-functional teams as underwriting representative. Assists in the technical development of underwriting associates, which may include monitoring reports and work flow to provide recommendations on productivity and efficiency improvements. Updates and monitors departmental processes and procedures in compliance with system, regulatory and business requirements.

Requirements

• Requires a BA/BS in a related field
• Minimum 3 years of experience in underwriting; or any combination of education and experience, which would provide an equivalent background.

Nice To Haves

• CPCU, CLU, LOMA, HIAA, PAHM or other insurance related courses preferred.
• Stop Loss underwriting experience preferred
• Demonstrated expertise, knowledge, and proficiency in Medical Stop Loss Underwriting.

Responsibilities

• Calculates stop loss rates for large complex cases based on thorough analysis of experience, location, demographics, etc.
• Coordinates with other departments to ensure accuracy and consistency of overall account reporting.
• Proposes rates for prospective business utilizing a combination of other carrier experience, demographic data and manual rates.
• Performs post-sale reviews.
• Prepares or supervises preparation of annual settlements, rate projections, or benefit change increments and decrements.
• Surveys existing product portfolios by market, monitors sales results, trends and needs, recommends product portfolio changes.
• Assists in establishing rating and administrative procedures.
• Participates in major multi-functional teams as underwriting representative.
• Assists in the technical development of underwriting associates, which may include monitoring reports and work flow to provide recommendations on productivity and efficiency improvements.
• Updates and monitors departmental processes and procedures in compliance with system, regulatory and business requirements.

Benefits

• In addition to your salary, Elevance Health offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements).

What This Job Offers

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