The Group underwriter develops pricing for prospective new business and first year renewals in the large group commercial market segment, this includes all product lines both on the experience and community rated platforms.
Calculate new and renewal premium using EmblemHealth pricing tools, evaluating risk by analyzing group specific data and determining final premiums. Responsible for all aspect of the quote including preparing the new business proposal, the renewal package, plan/benefit changes and ongoing financial reviews.
Develop and ensure that accurate quotes are produced and are within the defined underwriting Limits of Authority, are competitive to the client, yet profitable for the enterprise, and delivered within the department's target turnaround time.
Collaborate and work strategically with peers, key partners, the leadership team, and interact as needed with clients with the appropriate support from leadership and have direct accountability for underwriting deliverables and independently communicate results that support the overall underwriting and business objective.
Responsible for Internal & external reporting requirements, general financial questions, and other general underwriting responsibilities.
Works closely with Sales and Account Management, Actuarial, Product, Operations, Informatics, and when necessary external clients with the support and guidance of management.
Provide daily updates to the department tracking logs, complete various reports, and engage in projects and perform other duties as assigned or required.
Lead and support key initiatives for the Underwriting Organization. Examples include technical work groups, cross functional initiatives, training support, organization design efforts and actively engage with the Underwriting Team from an organizational project and cultural perspective.
Communicate Underwriting needs to the Sales and Account Management and assist with case strategies.
Bachelor Degree required (preferably in Mathematics, Economics, Statistics, Finance or Business
Minimum of Three to Five years of Group Health Insurance Underwriting experience is required
Knowledge of underwriting methodologies required, especially Experience Rating Methodology required
Personal computer expertise (Microsoft Windows, Excel, Word and Access required)
We are committed to leveraging the diverse backgrounds, perspectives and experiences of our workforce to create opportunities for our people and our business. We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status or any other characteristic protected by law.
Depending on factors such as business unit requirements, the nature of the position, cost and applicable laws and regulations, EmblemHealth may provide work visa sponsorship for certain positions.