Stop Loss Underwriting Manager

Elevance Health • Wallingford, CT

12h • Hybrid

About The Position

Stop Loss Underwriting Manager Location: This role requires associates to be in-office 1-2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law. The Stop Loss Underwriting Manager is responsible for overseeing stop loss underwriting. How you will make an impact: Responsible for the underwriting and pricing of stop loss coverage for new and existing members. Monitors and manages profitability of renewal and prospect employer groups in accordance with Corporate Guidelines. Supports health underwriting units on new business and renewals. Oversees issuance of standard financial arrangement contracts and creates wording for non-standard or new financial arrangements related to stop loss coverage. Works with actuaries to develop and implement pricing of stop loss prospects and renewals. Utilizes in-depth knowledge of formulas, trending, reserving procedures and claims to implement and consult with sales staff on the appropriateness of specific financial arrangements, ASO arrangements and reinsurance provisions. Develops and participates in training of Specialty and Health Sales staff.

Requirements

• Requires a BA/BS in mathematics or a related field
• Minimum 6 years of Large Group underwriting experience
• 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

• Responsible for the underwriting and pricing of stop loss coverage for new and existing members.
• Monitors and manages profitability of renewal and prospect employer groups in accordance with Corporate Guidelines.
• Supports health underwriting units on new business and renewals.
• Oversees issuance of standard financial arrangement contracts and creates wording for non-standard or new financial arrangements related to stop loss coverage.
• Works with actuaries to develop and implement pricing of stop loss prospects and renewals.
• Utilizes in-depth knowledge of formulas, trending, reserving procedures and claims to implement and consult with sales staff on the appropriateness of specific financial arrangements, ASO arrangements and reinsurance provisions.
• Develops and participates in training of Specialty and Health Sales staff.

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).
• We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

What This Job Offers

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