WellPoint is one of the nations leading health benefits companies and a Fortune Top 50 company. At WellPoint, we are dedicated to improving the lives of the people we serve and the health of our communities. WellPoint strives to simplify the connection between health, care, and value for our customers.
Bring your expertise to our innovative, achievement-driven culture, and you will discover lasting rewards and the opportunity to take your career further than you can imagine.
Group Underwriting Consultant or Consultant Sr
Locations preferred at WellPoint sites CA, CO, NV, WI, MO, IN, KY, OH, GA, VA, CT, NH, ME, NY and IL
The position title-level will be determined by the experience and skills of the identified candidate.
These Underwriters are responsible for determining acceptability of insurance risks and appropriate premium rates for large and complex group cases. Positions are more technical in nature then other Group Underwriters. The Consultant Sr is the most senior technical underwriter.
Primary duties may include, but are not limited to: Calculates renewal rates for large complex cases based on thorough analysis of experience, location, demographics, etc. Determines and provides guidance to medical underwriters concerning the risk selection of applicants applying for individual health coverage. Coordinates with other departments to ensure accuracy and consistency of overall account reporting. Proposes rates for prospective business utilizing a combination of other carrier experience, demographic data and manual rates. Performs post-sale reviews. Prepares or supervises preparation of annual settlements, ERISA reports, rate projections, or benefit change increments and decrements. Surveys existing product portfolios by market, monitors sales results, trends and needs, recommends product portfolio changes. Assists in establishing rating and administrative procedures. Participates in major multi-functional teams as underwriting representative. Assists in the technical development of underwriting associates, which may include monitoring reports and work flow to provide recommendations on productivity and efficiency improvements. Updates and monitors departmental processes and procedures in compliance with system, regulatory and business requirements.
Requires a BA/BS in a related field; 5-7+yrs years of related experience; or any combination of education and experience, which would provide an equivalent background. CPCU, CLU, LOMA, CEBS, HIAA, PAHM or other insurance related courses preferred.