Underwriter III - Stop Loss

Blue Cross Blue Shield of Massachusetts•Boston, MA

9d•Hybrid

About The Position

The Stop Loss Underwriter III underwrites accounts across a variety of Stop Loss programs for self-funded accounts. This role calculates Stop Loss new-business and renewal quotations accurately and on time, prepares underwriting analyses, monitors the profitability and persistency of an assigned book of business, and supports sales representatives and clients with timely, accurate proposals and renewals. The underwriter participates in presentations to existing and prospective policyholders and brokers or consultants. The position uses underwriting and actuarial models to develop quotations and renewals, project future account performance, and propose alternative programs or financial arrangements when needed. It applies account-specific rating strategies—including lasering and aggregating specific—to help minimize adverse selection. The underwriter makes independent decisions within stated underwriting guidelines, approves exceptions, represents the corporation’s financial needs in meetings, and works directly with sales staff and consultants in a consultative capacity as needed.

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 and analytical thinking, with the 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 adjust daily priorities to complete routine work and activities.
High school degree or equivalent.

Nice To Haves

Interest in professional development.

Responsibilities

Calculate Stop Loss new-business and renewal quotations accurately and in a timely manner.
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 sales representatives and clients with consistent, timely, and accurate renewal and proposal service.
Participate in new-business and renewal 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 necessary.
Apply account-specific rating strategies, including lasering and aggregating specific, and other underwriting 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.