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Capital Blue Cross · 3 days ago

Underwriter II

Harrisburg, PA

Full-time

Onsite

Mid Level

3+ years exp

Capital Blue Cross is committed to improving the health and well-being of its members and the communities in which they live. The Underwriter II position is responsible for generating rate proposals for medical, pharmacy, and ancillary products, as well as consulting with various departments to assess financial impacts and provide recommendations. This role also involves training Underwriter I's and presenting rate information to management and clients.

ConsultingHealth CareHealth InsuranceProfessional Services

Responsibilities

Prepares rate quotations for prospect groups, rate renewals, and benefit change quotes for current groups and ancillary coverage quotes based on Capital Blue Cross (CBC) underwriting and rating requirements and policies

Presents rate exceptions with appropriate analysis and recommendations for action to management for review and approval

Consults with Sales, Sales Management and Underwriting Management in support of prospect and renewal rate actions and quotes

Supports Sales in justifying prospect and renewal calculations through the creation of various exhibits and analyses

Designs, modifies and programs minor applications on the microcomputer that apply to rating structures and actuarial analyses used by the Plan, generally under the direction of the Senior Underwriter or Team Lead

Reviews and approves financial contract language for sold and renewing groups

Accompanies Sr. Underwriter, Team Lead and department management on account calls to present renewals, and rate quotations

Assists in developing and presenting unique settlement and financing arrangements not addressed in standard guidelines

Provides training, guidance and peer review of assignments to Underwriter I's

Qualification

Mathematical skillsFinancial analysisUnderwriting experienceMicrocomputer softwareInsurance mechanismsConsultative approachCommunication skillsTeam collaboration

Required

3 years' experience as a group underwriter

Bachelor's degree in mathematics, finance, economics, statistics, accounting or a related field

Ability to quickly abstract an insurance mechanism or financial arrangement into its theoretical mathematical structure and determine the financial consequences of the arrangement

Ability to communicate technical issues both verbally and in writing to department management staff

Written and verbal communication skills along with subject matter expertise are used to support a consultative approach directed at understanding and meeting customer needs

Knowledge of microcomputer software and applications used in the rating process

Knowledge of CBC rating policies and procedures

Familiar with the theoretical structure of insurance mechanisms and how to model these structures mathematically, also knowledge of the formulae currently used by CBC in rating, underwriting, and reserving processes

Familiar with CBC organizational structures and operations