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Blue Cross Blue Shield of Massachusetts · 1 month ago

Underwriter II - Special Risk

Boston

Full-time

Hybrid

Mid Level

$75K/yr - $91K/yr

3+ years exp

Blue Cross Blue Shield of Massachusetts is seeking an Underwriter II for Special Risk to contribute to the financial wellbeing of the organization. The role involves underwriting accounts for Stop Loss programs, ensuring accurate and timely quotations, and maintaining high service levels for sales representatives and clients.

AssociationCommunitiesHealth InsuranceInsuranceMedicalNon Profit

H1B Sponsor Likely

Responsibilities

Responsible for the accurate and timely calculation of New Business and Renewal quotations

Maintain adherence to Underwriting Guidelines and responsible for approval of exceptions

Prepare complete underwriting analyses for New Business prospects and renewals

Maintain consistent high level of service to our sales representatives and clients with respect to renewal and proposal timeliness and accuracy

Utilize Underwriting/Actuarial models to develop quotations and associated renewals, project future account performance, and propose alternative programs and/or financial arrangements when necessary

Leverage working knowledge of account specific rating strategies including lasering, aggregating specific and other creative underwriting approaches to minimize adverse selection

Make independent decisions consistent with stated UW guidelines and represent the financial needs of the Corporation at meetings with accounts and brokers/consultants

Will be expected to partner directly with Sales Staff, and/or their Consultant(s) in a consultative capacity as needed

Required strong oral and written communication skills to explain difficult technical concepts to clients, consultants, and sales staff

Required working knowledge of health benefit programs and financial arrangements from both a risk and cash flow aspect

Qualification

Underwriting/Actuarial modelsHealth benefit programsStop-Loss InsuranceExcel proficiencyCreative problem-solvingAnalytic thought processCooperative relationshipsCommunication skillsInitiative

Required

Minimum of three (3) years underwriting or related experience is required

Required strong oral and written communication skills to explain difficult technical concepts to clients, consultants, and sales staff

Required working knowledge of health benefit programs and financial arrangements from both a risk and cash flow aspect

Utilize Underwriting/Actuarial models to develop quotations and associated renewals, project future account performance, and propose alternative programs and/or financial arrangements when necessary

Leverage working knowledge of account specific rating strategies including lasering, aggregating specific and other creative underwriting approaches to minimize adverse selection

Make independent decisions consistent with stated UW guidelines and represent the financial needs of the Corporation at meetings with accounts and brokers/consultants

Will be expected to partner directly with Sales Staff, and/or their Consultant(s) in a consultative capacity as needed

Demonstrates strong initiative

Has an analytic thought process with ability to work in a fast-paced environment

Demonstrates an interest in professional development

Employs functional and technical skills when performing all assignments

Can apply changes to previously learned processes or adopt new ones

Develops cooperative relationships with leaders and peers

Recognizes and changes daily priorities to perform work routine and accomplish activities

Proficiency in Excel and Word, and ability to learn new software/tools

Creative problem-solving ability is required

High school degree or equivalent required unless otherwise noted above

Preferred

Stop-Loss Insurance experience is desired

Benefits

Paid time off

Medical/dental/vision insurance

401(k)

A suite of well-being benefits

Company

Blue Cross Blue Shield of Massachusetts

Glassdoor3.4

Blue Cross Blue Shield of Massachusetts is a state licensed private health insurance company

Founded in 1937

Boston, Massachusetts, USA

1001-5000 employees

https://www.bluecrossma.org

H1B Sponsorship

Blue Cross Blue Shield of Massachusetts has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (11)

2024 (21)

2023 (8)

2021 (2)

2020 (6)