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Acrisure · 18 hours ago

Employee Benefits Underwriter

Pittsburgh, PA

Contract

Onsite

Mid, Senior Level

3+ years exp

Acrisure is a global fintech leader that empowers businesses with customized solutions across various domains. The Employee Benefits Underwriter analyzes information to assist with financial deliverables for clients with complex benefit programs, including financial and contractual analysis, claims utilization analysis, and premium rate analysis.

Financial ServicesInsuranceInsurTech

Responsibilities

Evaluates the financial risk of medical & ancillary benefits for clients and prospective clients

Proficiently communicates with internal/external customers

Utilizes group experience and demographic analysis to drive future strategies such as plan changes, stop loss levels, funding changes, & contributions

Utilizes analytical tools to develop alternative strategies, plan modeling and cost reduction opportunities

Works with the Consulting Team Members to create Request for Proposals (RFPs) for carriers and manages the financial aspects of the renewal

Evaluates and explains financial analyses to internal team

Presents an explanation of financial analyses/strategies to external clients

Interfaces directly with clients to provide expert underwriting review to explain financial analysis and renewal materials

Performs technical analysis of group insurance contracts and financial arrangements

Responsible for understanding and to expertly explain external market influencers and internal experience trends driving benefit costs to clients

Analyzes and prepares reporting package in accordance with client service calendar financial meetings (e.g. post-renewal, mid-year, pre-renewal, renewal). Reporting package may include but are not limited to:

Periodic claims utilization, trend and lag analyses

Rate and Contribution analysis

Market analysis

Financial funding analysis

Renewal rate and funding projections and modeling

Works with the Consulting Team members and insurance carriers on new business quotes and renewals to include related activities such as: requesting quotes, evaluating option, negotiation of rates and benefit features and, preparing renewal or new plan options with executive summary

Works closely with Consulting Team Members to ensure strategic objectives of client are clearly articulated and that all client deliverables deliver proactive solutions in line with client strategic objectives

Acts as a resource for Consultants and Sales Executives to develop strategic plans and solutions for prospects and clients and prospects

Mentor and assist with training junior analysts/account managers

Set priorities for analytical work to meet deadlines

Participate in training programs to enhance benefit industry knowledge

Qualification

Employee benefit analysisFinancial analysisHealth & Life insurance licenseExcel proficiencyAnalytical tools utilizationInterpersonal skillsProblem solvingCritical thinking

Required

Bachelor's degree with major in related field or equivalent education and experience

A minimum of three (3) to five (5) years of directly related experience in the analysis of employee benefit programs and health insurance

Must hold state Health & Life insurance licenses or willing to obtain one within an agreed upon timeframe

Strong benefit product knowledge required; including, but not limited to, Medical, Dental, Life, Disability, voluntary products, etc

Strong functional knowledge of Excel specific to creating, formatting, and evaluating formulas and working within templates. Must be proficient in Excel, Word, and other MS Office products along with Adobe products

Ability to work in a fast-paced environment with minimal instruction and a high degree of accuracy and attention to detail

Broad understanding of alternative funding mechanisms

Effective interpersonal and written communication skills

Outstanding analytical, problem solving, and critical thinking skills required

Sets priorities and manages workflow to ensure efficient, timely and accurate deliverables

Advanced problem solving and critical thinking skills