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ParetoHealth · 6 days ago

Underwriter- New Business

Greater Philadelphia

Full-time

Hybrid

Entry, Mid Level

2+ years exp

ParetoHealth is dedicated to transforming employee health benefits and is seeking a detail-oriented Underwriter to assess and manage risks associated with self-funded and fully insured health plans. The role involves conducting risk assessments, analyzing healthcare data, and collaborating with the Sales team to provide necessary financial information for prospective members.

Employee BenefitsEmploymentHealth Care

No H1B

Responsibilities

Support the underwriting process using a best-in-class captive offering to create profitable stoploss offerings for prospective captive members

Conduct preliminary risk assessments of prospective Pareto captive members, who are currently both fully insured and self-funded health plans, to assist in determining appropriate stoploss coverage levels and premiums

Assist in analyzing healthcare data, including claims and utilization patterns, to forecast potential risks and cost implications

Collaborate with the Sales team to provide consultants with the necessary financial information required to join the captive

Adapt to working in an environment of incomplete information

Stay informed about competitive market dynamics and respond appropriately

Work under the guidance of senior underwriters to enhance underwriting skills and knowledge

Participate in ongoing training to develop a deeper understanding of medical treatments and projected costs in partnership with the clinical risk team

Ensure adherence to industry standards and legal requirements in all underwriting decisions and practices

Qualification

UnderwritingStoploss insuranceData analysisRisk assessmentMicrosoft Office SuiteHealthcare industry knowledgeCommunication skillsTeam player

Required

Bachelor's degree in finance, economics, actuarial science, or a related field or equivalent work experience; relevant professional certifications are a plus

Minimum of 2-3 years of experience in underwriting, preferably with some exposure to stoploss insurance and health risks. Experience with captives is a plus but not required

Basic proficiency in underwriting software, data analysis tools, and Microsoft Office Suite

Ability to analyze data, identify trends, and support underwriting decisions

Good communication and negotiation skills, with the ability to articulate technical concepts to a non-technical audience

Team player, capable of working effectively in a dynamic and collaborative environment

Basic understanding of stoploss products, self-funding, healthcare industry trends, and the regulatory landscape