Group Underwriter I

Hawaii Medical Service Association; Honolulu (HI); Hybrid; USD 48,000 - 88,000; Full time

Job summary

Hawaii Medical Service Association in Honolulu seeks an Account Rate Analyst to prepare and analyze rate proposals for large employer groups. You will extract and assess historical data to ensure accurate rate renewals and support rate filing activities with the Account Management and Sales teams.

Strong math, document interpretation, and MS Office skills are required. The role requires residing in Hawaii and offers a hybrid work arrangement with focus on accurate financial analysis and

Qualifications

• Bachelor's degree or two years of specialized training/experience in group underwriting.
• Ability to perform basic math operations (fractions, percentages, ratios, proportions) and apply mathematical logic.
• Ability to read and interpret documents such as group agreements and financial reports.
• Basic knowledge of Microsoft Office applications (Word, Excel, Outlook).

Responsibilities

• Calculate and analyze rates for large employer groups using historical utilization and demographics.
• Prepare rate renewals and filings per guidelines approved by the State Insurance Commissioner.
• Provide consultation and recommendations to Marketing on proposals produced.
• Prepare and reconcile monthly billings for self-insured accounts and handle underwriting questions.
• Identify data issues and prepare data submissions for reinsurance audits and renewals.

Skills

Numerical reasoning

Reading comprehension

Attention to detail

Education

Bachelor's degree or 2 years specialized underwriting training

Tools

Microsoft Office

Job description

**Hybrid Work Environment - Must reside in Hawaii **

Pay Range: $47,500 - $88,000, position is eligible for an incentive bonus
Note: Individuals typically begin between the minimum to middle of the pay range

Prepare and analyze rate proposals and financial reports to support the Account Management and Sales Department in the account rate renewal process or new account process and execution of the account's contract. May assist with Reinsurance functions such as recovery and IBNR reporting, large claims tracking, reinsurance audits, and reinsurance renewals.

Minimum Qualifications

• Bachelor's degree or two years of specialized training/experience in group underwriting.


• Demonstrated ability to work quickly and accurately with basic math formulas and concepts including fractions, percentages, ratios, and proportions. Apply mathematical logic in practical situations.


• Demonstrated ability to read and interpret documents such as group agreements, financial reports, and procedure manuals.


• Basic knowledge of Microsoft Office applications. Including but not limited to Word, Excel, and Outlook.

Duties and Responsibilities

• Responsible for accurately calculating and analyzing rates for large employer groups using the historical utilization and demographics of the account. Extract and analyze historical data of the account to ensure accuracy and good logic. Analyze the overall composition of the group to ensure that the total risk is not excessive and identify any anomalies that may be present that would justify an adjustment. Produce accurate rate renewals and rate filings using pre-established guidelines approved by the State Insurance Commissioner. Provide consultation and creative recommendations to Marketing Department on the proposals produced. Support rate filing activities. Act as a resource for questions from accounts, Account Management, and Sales Department on rate renewal calculations and various financial arrangements. Collaborate with the underwriting and account management team to adjust rates and provide financial options as appropriate.


• Accurately prepare and analyze reports as required by account (5500, utilization reports, financial reports, financial accountings, financial settlements, etc.). Prepare, analyze, and reconcile monthly billings for self-insured accounts based on the terms of the contract with the account. Answer underwriting questions from accounts and Account Management and Sales Department on statistical and financial reports.


• Produce other data as needed to support the Account Planning process. Analyze and prepare rate proposals for new accounts based on information provided and be able to choose a course of action. Keeping HMSA's risk in mind.


• Identify, research, and resolve data problems when they arise. Identify, research, track, and report paid/unpaid large case amounts as needed. Prepare and audit monthly recovery reports with supporting documentation and respond timely to open queries. Aggregate and organize data submissions and narratives for reinsurance audits and reinsurance renewal submissions.


• Perform all other miscellaneous duties and responsibilities as directed or assigned.

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