Group Underwriter (Temporary Assignment)

Medical Mutual; Brooklyn (OH); On-site; USD 70,000 - 90,000; Part time

Job summary

Medical Mutual is seeking a Group Underwriter for a temporary assignment. The role involves evaluating data and risk characteristics, and making complex pricing decisions to establish renewal rates that align with corporate goals across all product lines.

The position requires collaboration with sales and leadership to present pricing strategies and funding alternatives. Responsibilities include developing renewal rates, interpreting underwriting data, and providing actionable insights to drive

Qualifications

• Bachelor's degree in Business, Finance or related field required.
• 1-5+ years' experience as a Group Underwriter or equivalent combination of experience and training.
• Experience in the financial services or health care industry preferred.
• Strong math aptitude.
• Demonstrated knowledge of underwriting concepts and general health insurance and benefit and funding designs/methodology.

Responsibilities

• Develops renewal rates and premiums within state/federal regulations and internal policies.
• Interprets and analyzes underwriting information to develop proposed rates and programs after consulting with sales.
• Develops meaningful benefit and funding alternatives for existing individuals and groups.
• Acts as a consultant with sales, brokers, clients, leadership and other areas to provide reporting, analytics, and recommendations on cost solutions.
• Promotes efficiency and trains junior analysts to increase productivity.
• Performs other duties as assigned.

Skills

Strong math aptitude

Underwriting concepts

Education

Bachelor's degree in Business, Finance or related field

Equivalent education and experience substituted for a degree

Job description

Group Underwriter (Temporary Assignment)

The Group Underwriter evaluates data and risk characteristics of individuals or groups and make complex decisions to establish prospect and renewal rates that are compliant and in support of corporate goals for all product lines. Exercises sound judgment to make exceptions to standard underwriting results and communicates with leaders.

Responsibilities:

• Develops renewal rates and premiums within state/federal regulations and internal policies. Evaluates risk and uses sound judgment to propose pricing. Identifies cost drivers and addresses exceptions and negotiations according to policy. Performs final underwriting.
• Interprets and analyzes underwriting information and data for prospective individuals and groups to develop proposed rates and programs after consulting with sales to determine the best approaches to meet the client's objectives. Calculates and processes benefit and funding alternatives for existing individuals and groups.
• Develops meaningful benefit and funding alternatives for existing individuals and groups after collaboration with sales to determine the best approach to meet the client's objectives. Articulates results to peers, leadership, and sales/service.
• Acts as a consultant and works with sales, brokers, clients, leadership and other areas of the company to provide reporting, analytics, insight, and creative recommendations on cost solutions that support market and company strategies.
• Promotes efficiency and develops activities to enhance proficiency. Trains more junior level analysts and identify ways to increase productivity.
• Performs other duties as assigned.

Qualifications:

Education and Experience:

• Bachelor's degree in Business, Finance or related field required.
• Equivalent education and experience directly related to the role may substitute for a degree.
• 1-5+ years' experience as a Group Underwriter or equivalent combination of experience and training.
• Experience in the financial services or health care industry preferred.

Technical Skills and Knowledge:

• Strong math aptitude.
• Demonstrated knowledge of underwriting concepts and techniques and general health insurance and benefit and funding designs/methodology.

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