Group Underwriting Consulting RX

HCSC Group; Northern (KY); Hybrid; USD 93,000 - 168,000; Full time

Job summary

HCSC is seeking an experienced group underwriting consultant to drive profitability through financial analysis and pricing of RX business, including quoting, rating proposals, renewals, and annual settlements.

The role offers a hybrid schedule (3 in-office days, 2 remote) with locations in Chicago or Richardson, TX; sponsorship not available; requires Bachelor's in math or accounting and at least 5 years underwriting experience.

Qualifications

• Bachelor's degree in mathematics or accounting required.
• Minimum of 5 years underwriting experience.
• Advanced knowledge of mathematical applications in underwriting (discounts, proportions, percentages).
• Knowledge of state and federal legislation related to group health underwriting.

Responsibilities

• Achieve profit, growth, service and expense objectives through financial analysis and pricing of RX business.
• Quote and rate proposals, project renewal and prepare annual settlements and experience reporting.
• Provide underwriting services to determine pricing and monitor accounts for profitability.

Skills

Underwriting experience

Mathematical applications

Legislation knowledge

Excel skills

PBM experience (preferred)

Education

Bachelor's degree in mathematics or accounting

Tools

Excel

Job description

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.Join HCSC and be part of a purpose-driven company that will invest in your professional development.# # **Job Summary**### This position is responsible for achieving profit, growth, service and expense objectives through the financial analysis and pricing of HCSC RX business by quoting and rating proposals, projection renewal and the preparation of annual settlements and experience reporting. Under minimal supervision, the group underwriting consultant serves as an expert consultant on matters pertaining to underwriting, performance guarantees, and other financial considerations. Provides underwriting services to determine pricing and monitors accounts to ensure they remain on a profitable basis. Maintains and applies knowledge of pricing strategies in the health insurance industry.### **Required Job Qualifications:*** Bachelor’s degree in mathematics or accounting Minimum of 5 years underwriting experience* Advanced knowledge of mathematical applications used in underwriting, including ability to calculate figures such as discounts, proportions and percentages, as well as application of basic concepts of business mathematics and algebra in underwriting problems* Knowledge of State and Federal legislation to group health underwriting**Preferred Job Qualifications:*** Experience with major pharmacy benefit managers (PBM)* RX Broker* Inermediate Excel skills**This is a Flex (Hybrid) role: 3 days in office; 2 days remote. Chicago or Richardson, TX****Sponsorship is not available.** #LI-HybridINJLF### **Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!**### **Pay Transparency Statement:**At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees. Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards.The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.Flex employees are expected to be in the office a minimum of three days a week. Management will have discretion to modify an employee's weekly schedule for exigent circumstances.## HCSC Employment Statement:We are an Equal Opportunity Employment employer dedicated to providing a welcoming environment where the unique differences of our employees are respected and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics. We are a drug-free and smoke-free workplace. Employment may be contingent upon successful completion of drug screening in accordance with applicable law.# # **Base Pay Range**$92,700.00 - $167,500.00