Underwriter III - Stop Loss

Blue Cross Blue Shield of Massachusetts•Boston, MA

11d•$96,570 - $118,030•Hybrid

About The Position

The Stop Loss Underwriter III underwrites accounts across a variety of Stop Loss programs for self-funded accounts. This role is part of Financial Underwriting, which supports the financial wellbeing of insurance companies and contributes to organizational success across areas including Marketing, Product Portfolio, Infrastructure Planning, and Network Planning. The position develops accurate and timely new-business and renewal quotations, prepares underwriting analyses, and monitors the profitability and persistency of an assigned book of business. The underwriter uses underwriting and actuarial models to project account performance, develops rating strategies, and may propose alternative programs or financial arrangements. The role also supports sales representatives, clients, policyholders, and brokers or consultants, including through account presentations and consultative discussions. This is a full-time hybrid position based in Boston. The stated salary range is $96,570 to $118,030, and the role is also eligible for variable pay.

Requirements

At least three years of underwriting or related experience.
Stop-Loss Insurance experience.
Proficiency in Excel and Word, and ability to learn new software and tools.
Strong initiative, analytical thinking, and ability to work in a fast-paced environment.
Creative problem-solving ability.
Ability to apply changes to previously learned processes or adopt new ones.
Ability to develop cooperative relationships with leaders and peers.
Ability to recognize and adjust daily priorities to accomplish work activities.
High school degree or equivalent.

Nice To Haves

Interest in professional development.

Responsibilities

Calculate Stop Loss new-business and renewal quotations accurately and on time.
Adhere to underwriting guidelines and approve exceptions.
Prepare complete underwriting analyses for new-business prospects and renewals.
Monitor and report on the profitability and persistency of the assigned book of business.
Provide timely and accurate service to sales representatives and clients regarding renewals and proposals.
Participate in renewal and new-business presentations to existing and prospective policyholders and brokers or consultants.
Use underwriting and actuarial models to develop quotations and renewals, project future account performance, and propose alternative programs or financial arrangements when needed.
Apply account-specific rating strategies, including lasering, aggregating specific, and other approaches to minimize adverse selection.
Make independent decisions consistent with underwriting guidelines and represent the Corporation’s financial needs in meetings with accounts and brokers or consultants.
Work directly with Sales Staff and their consultants in a consultative capacity as needed.