Underwriting Consultant

Role Overview

• Provide guidance and consultation to Sales and Client Management teams on pricing and stop-loss strategies.
• Prepare and deliver moderately complex new business quotes, existing business renewals, and/or accountings, while meeting established departmental TAT goals.
• Prepare financial projections on prospects, utilizing financial models in Microsoft Excel and Salesforce.
• Market and place stop loss policies, negotiating terms based upon claims data, strategy, relationships, and cost avoidance/reduction efforts.
• Work with leaders from key functional areas to understand potential impacts for custom requests.
• Manage and interpret operational data, and apply to fee development and financial analysis.
• Present to internal/external customers, constituents, and business partners.
• Display a clear understanding of Meritain products and services, along with strong business and systems knowledge.
• Review work for accuracy and recommend pricing and/or accounting alternatives based on financial analysis, underwriting principals, and business strategy.
• Develop and participate in presentation to existing and prospective customers, business partners, and internal business areas.
• Collaborate with leadership in Sales to determine the appropriate product mix to issue on proposals that target reducing total cost of care for the plan sponsor.
• Independently assist sales and client management personnel in explaining rates/fees and communication of underwriting and stop loss policies.
• Establish and maintain a positive and productive relationship with sales, client management, our stop loss panel, and internal partners.

Requirements

• 1-2 years of medical insurance experience, including brokers (producers), carriers, third-party administrators, benefit analysis, underwriting, stop-loss products, rating methodologies, or policy marketing.
• Excellent verbal and written communication skills.
• Exceptional problem solving and decision-making skills.
• Demonstrated analytical skills.
• Adept at collaboration and teamwork.
• Adept at growth mindset (agility and developing yourself and others) skills.
• Bachelor's degree and/or specialized training certification.
• Intermediate/advanced Microsoft Excel skills.

Benefits

• Affordable medical plan options
• 401(k) plan (including matching company contributions)
• Employee stock purchase plan
• Wellness screenings
• Tobacco cessation and weight management programs
• Confidential counseling
• Financial coaching
• Paid time off
• Flexible work schedules
• Family leave
• Dependent care resources
• Colleague assistance programs
• Tuition assistance
• Retiree medical access