What are the responsibilities and job description for the Group Underwriting Consultant position at Elevance Health?
Description
Location(s): Louisville, KY, Indianapolis, IN, Mason, OH, Cincinnati, OH, Knoxville, TN, Memphis, TN, Nashville, TN, Columbia, MO, St. Louis, MO*
- Will consider highly qualified candidates from additional locations. This role will participate in our hybrid model which includes 0-3 days in office monthly.
The Group Underwriting Consultant is responsible for determining acceptability of insurance risks and appropriate premium rates for large and complex group cases. Position is a technical underwriting expert.
How You Will Make an Impact
Primary duties may include, but are not limited to:
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Calculates renewal rates for large complex cases based on thorough analysis of experience, location, demographics, etc.
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Determines and provides guidance to medical underwriters concerning the risk selection of applicants applying for individual health coverage.
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Coordinates with other departments to ensure accuracy and consistency of overall account reporting.
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Proposes rates for prospective business utilizing a combination of other carrier experience, demographic data and manual rates.
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Performs post-sale reviews.
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Prepares or supervises preparation of annual settlements, ERISA reports, rate projections, or benefit change increments and decrements.
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Surveys existing product portfolios by market, monitors sales results, trends and needs, recommends product portfolio changes.
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Assists in establishing rating and administrative procedures.
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Participates in major multi-functional teams as underwriting representative.
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Assists in the technical development of underwriting associates, which may include monitoring reports and work flow to provide recommendations on productivity and efficiency improvements.
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Updates and monitors departmental processes and procedures in compliance with system, regulatory and business requirements.
Minimum Requirements
Requires a BA/BS in a related field; 5 years of related experience; or any combination of education and experience, which would provide an equivalent background.
Preferred Skills, Capabilities, and Experiences
CPCU, CLU, LOMA, HIAA, PAHM or other insurance related courses preferred.
Please be advised that Elevance Health only accepts resumes from agencies that have a signed agreement with Elevance Health. Accordingly, Elevance Health is not obligated to pay referral fees to any agency that is not a party to an agreement with Elevance Health. Thus, any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.
Be part of an Extraordinary Team
Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?
We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.
The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19. If you are not vaccinated, your offer will be rescinded unless you provide - and Elevance Health approves - a valid religious or medical explanation as to why you are not able to get vaccinated that Elevance Health is able to reasonably accommodate. Elevance Health will also follow all relevant federal, state and local laws.
Elevance Health has been named as a Fortune Great Place To Work in 2022, has been ranked for five years running as one of the 2023 World's Most Admired Companies by Fortune magazine, and is a growing Top 20 Fortune 500 Company. To learn more about our company and apply, please visit us at careers.ElevanceHealth.com. Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact ability@icareerhelp.com for assistance.
