Associate Financial Underwriter

BCBSM; Eagan (MN); Hybrid; USD 60,000 - 85,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Life insurance

401k

Paid Time Off (PTO)

Volunteer Paid Time Off (VPTO)

Job summary

Blue Cross and Blue Shield of Minnesota seeks an underwriter to review and analyze risk for renewals, proposals, and benefit changes. You will negotiate with sales for final price and product configuration, and clearly communicate decisions to internal teams.

You will develop and maintain documentation on underwriting processes, support special projects, and collaborate across departments in a hybrid work environment. Requires 2+ years' experience or a bachelor's degree.

Qualifications

• 2+ years related underwriting experience or bachelor's degree in lieu of experience.
• High school diploma (or equivalent).
• Strong communication and teamwork abilities.

Responsibilities

• Reviews and analyzes existing and new business risk for renewals and proposals.
• Negotiates with sales or account management for price and product configuration.
• Communicates underwriting decisions to internal customers and documents processes.
• Maintains documentation on underwriting processes and systems and supports special projects.

Skills

Communication skills

Analytical thinking

Underwriting knowledge

Health insurance concepts

Risk assessment

MS Office proficiency

Education

Bachelor's degree or higher

High school diploma or equivalent

Tools

Microsoft Office

Job description

About Blue Cross and Blue Shield of Minnesota

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. We are looking for dedicated and motivated individuals who share our vision of transforming healthcare. As a Blue Cross associate, you are joining a culture that is built on values of succeeding together, finding a better way, and doing the right thing. If you are ready to make a difference, join us.

The Impact You'll Have

This position is responsible for reviewing, preparing and analyzing risk for renewals, proposals, and benefit changes. The underwriter is responsible for negotiation with sales or account management for final price and product configuration, support, documentation, and communication of the same.

What You'll Do

Analyzes and evaluates existing and new business standard risk.Provides communication to internal customers on underwriting decisions.Develops and maintains documentation on underwriting processes and systems.

How You'll Do It

Assists Underwriter and Senior Underwriter as requested.Completes special projects assigned by management.Keeps abreast of current underwriting practices, rating tools, industry changes and state and federal healthcare reform mandates.Provides assistance and work direction to Underwriting Support.

Required Skills & Experience

2+ years related experience or bachelor's degree in lieu of experience.High school diploma (or equivalent)

Preferred Skills & Experience

Associate's degreeClear and professional communication in routine interactions, active listening to understand needs, and adaptable messaging to support team collaboration.Ability to analyze information, identify routine challenges, and partner with others to implement solutions.Experience leveraging technology to communicate clearly and professionally, actively listen to understand needs, analyze routine challenges, and adapt messaging to collaborate on effective solutions..Ability to effectively organize work, balance priorities, and manage time across assigned responsibilities.Knowledge of underwriting principles, health insurance concepts, risk selection, industry practices.Demonstrated knowledge of Individual and Small Group eligibility, state/federal regulations and medical terminology.Proficiency with Microsoft Office applications.

Role Designation

HybridRole designation definition:Teleworking is working full time remote.Hybrid is a minimum of 2 days onsite.Onsite is full-time onsite.

Anchored in Connection

Our hybrid approach is designed to balance flexibility with meaningful in-person connection and collaboration. We come together in the office two days each week - most teams designate at least one anchor day to ensure team interaction. These in-person moments foster relationships, creativity, and alignment. The rest of the week you are empowered to work remote.

Compensation and Benefits

$60,000.00 - $69,100.00 - $85,000.00 AnnualPay is based on several factors which vary based on position, including skills, ability, and knowledge the selected individual is bringing to the specific job.

We offer a comprehensive benefits package which may include:

• Medical, dental, and vision insurance
• Life insurance
• 401k
• Paid Time Off (PTO)
• Volunteer Paid Time Off (VPTO)
• And more

To discover more about what we have to offer, please review our benefits page .

Equal Employment Opportunity Statement

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life.Blue Cross of Minnesota is an Equal Opportunity Employer and maintains an Aff…Individuals with a disability who need a reasonable accommodation in order to apply, please contact us at: [e-mail] Cross® and Blue Shield® of Minnesota and Blue Plus® are nonprofit independent licensees of the Blue Cross and Blue Shield Association.

Physical requirements.