Insurance Underwriter - Medical Stop Loss
Perform the following new business quote processes: complete basic (Demographically Rated), complex (Experience Rated), and Stop Loss & Administrative Services Only quotes; prepare Request For Proposal responses; review and provide sign off approval for quotes; and assist manager with quote file audit process.
*** Meet stated close ratio and average turnaround time goals utilizing latest actuarial tables and factors.
*** Calculate appropriate renewal rates to ensure retention and profitability of business.
*** Upon notification of renewal acceptance update appropriate billing rate files, Stop Loss & Administrative Services Only contracts, and internal databases.
*** Utilize available information, factors, and formulae to predict future claims and non claims expenses.
*** Provide alternate benefit plans, risk, and funding arrangements.
*** Monitor financial performance of assigned book of business to provide advance notice of potential adverse outcomes to Underwriting Department management.
*** Ensure account performance is accurately reflected on corporate financial statements and forecasts.
*** Participate in formal and informal training activities to develop and enhance knowledge of underwriting methodologies, funding options, products, legislation, and similar.
*** Provide technical expertise and support to Account Managers regarding potential benefit changes and alternatives available to the account.
*** Serve as subject matter expert regarding medical and ancillary benefits (drug, dental, vision), risk selection, pricing methodologies, and similar within the health insurance industry.
High growth potential opportunity comes with an excellent compensation package, bonuses, 401(k) plans, medical and dependent care plan, employee assistance program, generous paid vacation time, numerous professional growth opportunities, education assistance, and more!
Please reference #37492588 when responding.Education Requirements: Bachelor DegreeMinimum Experience Requirements: 2-5 yearsJob City Location: DoylestownJob State Location: PAJob Country Location: USA