Health Care Service Corporation

Underwriting Manager- Stop loss

Health Care Service Corporation$102K — $184K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree and 5+ years underwriting small/large accounts; or 6 years experience with key customers, consultants, and brokers.
  • 3 years experience underwriting complex cases or demonstrated capability to meet job responsibilities.
  • Proven skills in underwriting, pricing options, and sound decision-making.
  • Operational knowledge of group health renewal and prospective underwriting processes.
  • Extensive understanding of group insurance products, managed care, and relevant legislation.

Responsibilities

  • Quote and rate proposals and renewal projections.
  • Approve cases within established authority guidelines.
  • Develop presentations and address customers and senior management.
  • Coordinate initiatives across departments and interact with senior management.
  • Implement process improvements and manage project assignments.

Benefits

  • Health and wellness benefits.
  • 401(k) savings plan and pension plan.
  • Paid parental leave and paid time off.
  • Disability insurance and supplemental life insurance.
  • Tuition reimbursement and paid holidays.
Full Job Description
Job Summary


Responsible for quoting and rating proposals and renewal projections and approves cases within established authority guidelines.

Required Job Qualifications:

  • Bachelor Degree and 5 years’ experience underwriting small and/or large accounts and dealing directly with key customers, consultants and/or brokers OR 6 years of experience underwriting small and/or large accounts and dealing directly with key customers, consultants and brokers.
  • 3 years of underwriting of higher complexity cases (if responsibility includes one or more of the following segments: large/major/national/and or special accounts (Labor Union, Student Health, IL Hospital, Co-operatives, Private Exchange, etc.) or OR Demonstrated capability to meet required job responsibility.
  • Successfully demonstrated skills and experience in underwriting and pricing of various funding options and products and making sound decisions.
  • Operational knowledge of renewal and prospective group health underwriting processes and procedures.
  • Knowledge of underwriting methodologies including mathematical and financial group health underwriting funding.
  • Extensive experience applying consortium procedure and pricing (if applicable).
  • Extensive experience and knowledge of managed care/health care, group insurance products and group health underwriting financial arrangements and knowledge of state and federal legislation to underwriting practices and making sound decisions.
  • Work management skills in prioritizing and assigning work and project assignments.
  • Demonstrated highly effective Presentation skills for addressing customers and senior management.
  • Demonstrate skills for developing presentations, building and maintaining positive relationships internally and externally, interacting with representatives of large and strategic accounts, coordinating initiatives across departments, interacting with senior management, lead staff.Project management skills and experience, including designing and leading projects.
  • Verbal and written communication skills, including correct grammar, appropriate word choice, precisions, structure, and appropriate tone and level of detail for audience.
  • Interact with BCBSA and member plans.
  • Interpret and describe BCBS products and financial arrangements as well as those provided by competitors.
  • Successfully demonstrated interpersonal skills in establishing and maintaining positive business relationships.
  • Independent judgment and problem resolution skills.
  • Work and project management skills including the ability to multi-task, prioritize, and manage time and workload to meet deadlines.
  • PC proficiency to include Word and Excel.
  • Successfully demonstrated skills and experience in presenting to external clients.
  • Process management and process improvement experience and skills to identify and implement process changes.


Preferred Job Qualifications:

  • Knowledge of the Blue System and ability to price National business.
  • Rotation to other Underwriting market segments.

This is a Flex (Hybrid) role: 3 days in office; 2 days remote.

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Pay Transparency Statement:

At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees.  Learn more about our benefit offerings by visiting .

The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.

Base Pay Range
$102,000.00 - $184,300.00

Exact compensation may vary based on skills, experience, and location.

About Health Care Service Corporation

Health Care Service Corporation (HCSC) is the largest customer-owned health insurer in the United States. HCSC offers a wide variety of health insurance products and related services, through its operating divisions and subsidiaries in Illinois, Montana, New Mexico, Oklahoma and Texas. HCSC's headquarters is located in Chicago, Illinois.
Learn more about Health Care Service Corporation
Size
24,000 employees
Industry
Founded
1936

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