at Elevance Health in CHICAGO, Illinois, United States
Job Description
Location: Elevance Health supports a hybrid workplace model (virtual and in-office) with PulsePoint sites used for collaboration, community, and connection. This includes remote work and 1-2 days in office per week. Candidates must reside within a 50-mile or 1-hour commute each way of a relevant Elevance Health location.
The Group Underwriter Consultant Sr. is responsible for determining acceptability of insurance risks and appropriate premium rates for large and complex group cases. Position is the most senior technical underwriting expert.
How You Will Make an Impact
Primary duties may include, but are not limited to:
+ Calculates renewal rates for large complex cases based on thorough analysis of experience, location, demographics, etc.
+ Determines and provides guidance to medical underwriters concerning the risk selection of applicants applying for individual health coverage.
+ Coordinates with other departments to ensure accuracy and consistency of overall account reporting.
+ Proposes rates for prospective business utilizing a combination of other carrier experience, demographic data and manual rates.
+ Performs post-sale reviews.
+ Prepares or supervises preparation of annual settlements, ERISA reports, rate projections, or benefit change increments and decrements.
+ Surveys existing product portfolios by market, monitors sales results, trends and needs, recommends product portfolio changes.
+ Assists in establishing rating and administrative procedures.
+ Participates in major multi-functional teams as underwriting representative.
+ Assists in the technical development of underwriting associates, which may include monitoring reports and work flow to provide recommendations on productivity and efficiency improvements.
+ Updates and monitors departmental processes and procedures in compliance with system, regulatory and business requirements.
Minimum Requirements:
Requires a BA/BS in a related field; Minimum 7 years of related experience; or any combination of education and experience, which would provide an equivalent background.
Preferred Skills, Capabilities and Experiences:
+ CPCU, CLU, LOMA, HIAA, PAHM or other insurance related courses preferred.
+ Proficiency in Microsoft Excel and PowerPoint is strongly preferred.
+ Strong communication and presentation skills.
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