Stop Loss Group Underwriting Consultant

Elevance Health•Wallingford, CT

1d•Hybrid

About The Position

The Stop Loss Group Underwriting Consultant is responsible for determining acceptability of insurance risks and appropriate premium rates for large and complex group cases. Position is a technical underwriting expert.

Requirements

Requires a BA/BS in a related field
Minimum 5 years of related experience
Any combination of education and experience, which would provide an equivalent background.

Nice To Haves

Stop Loss Underwriting experience highly preferred.
CPCU, CLU, LOMA, HIAA, PAHM or other insurance related courses preferred.

Responsibilities

Calculates renewal rates for large complex cases based on thorough analysis of experience, location, demographics, etc.
Determines and provides guidance to medical underwriters concerning the risk selection of applicants applying for individual health coverage.
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.
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 workflow to provide recommendations on productivity and efficiency improvements.
Updates and monitors departmental processes and procedures in compliance with system, regulatory and business requirements.