About the role
Your Role
The Mid Market Accounts Underwriting team serves group health care for mid-sized employers from 250 to 3,000 employees. Partnering with our large group sales organization, we work with California's and the nation's largest and most sophisticated employers and benefits consultants.
The Group Underwriter Large, Associate will report to the underwriting manager. In this role you will be part of an underwriting team responsible for balancing operating income and membership goals while protecting the company’s bottom line from loss.
Our leadership model is about developing great leaders at all levels and creating opportunities for our people to grow – personally, professionally, and financially. We are looking for leaders that are energized by creative and critical thinking, building and sustaining high-performing teams, getting results the right way, and fostering continuous learning.
Your Work
In this role, you will:
Apply appropriate actuarial factors and rating methods to determine potential exposure to Blue Shield’s products
Collect, review and assess customer specific data including financial condition, employee demographics and past claim experience to determine degree of risk, appropriate benefits and rates
Review requests for quotes, develops and reviews bid specifications, benefit plan design features and financial alternatives for complex, fully insured cases
Participate in discussions and negotiate with sales representatives on new and renewal business
Review and approve rates in sales requests and updates financial and tracking databases
Gain the ability to provide underwriting knowledge, education, advice and coaching to other underwriters and departments
Prepare ad hoc statistical reports
Your Knowledge and Experience
Requires a bachelor’s degree in a related field such as Finance, Mathematics, Accounting, or equivalent experience
Requires 0-2 years of prior relevant experience
Basic knowledge of financial principles and concepts
Able to solve complex problems with sometimes ambiguous information
Basic knowledge of medical products including their financial drivers and funding arrangements including fully insured, ASO, minimum premium and refund accounting
Excellent negotiation and customer service skills
Ability to perform as a team member and collaborate with other teams/depts
Hybrid
This role requires employees to be in-office based on our hybrid workplace model, balancing purposeful in-person collaboration with flexibility. For most teams, this means coming into the office two days each week. Employees living more than 50 miles from an office location will work with their manager to determine in-office time based on business need.