Senior Underwriter - Large Group

Blue Cross and Blue Shield of Kansas City; United States; Remote; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter to analyze and manage large group renewals and new business risks. This role involves collaborating with sales teams and external partners to develop effective strategies that align with operational goals. The ideal candidate will have a strong background in group healthcare underwriting and financial analysis, with a commitment to delivering accurate and timely solutions. Join a forward-thinking organization that values professional development and offers a comprehensive benefits package, including competitive rewards and opportunities for growth.

Benefits

Comprehensive medical, dental, and vision benefits

401(k) plan with contributions

Annual incentive bonus plan

Paid time off and holidays

Professional development courses

Tuition reimbursement program

Paid parental and adoption leave

Employee discount program

Qualifications

• 5+ years of group healthcare underwriting experience required.
• Bachelor’s degree in a relevant field is necessary.

Responsibilities

• Underwrite commercial large group renewals and prospective customers.
• Collaborate with internal sales and external agents on pricing strategies.
• Perform data tracking and reporting for defined data elements.

Skills

Group healthcare underwriting

Data analysis

Financial modeling

Negotiation skills

Education

Bachelor’s degree in Math, Finance, Economics, or Business

MBA

Job description

Guided by our core values and commitment to your success, we provide health, financial and lifestyle benefits to ensure a best-in-class employee experience. Some of our offerings include:

• Highly competitive total rewards package, including comprehensive medical, dental and vision benefits as well as a 401(k) plan that both the employee and employer contribute
• Annual incentive bonus plan based on company achievement of goals
• Time away from work including paid holidays, paid time off and volunteer time off
• Professional development courses, mentorship opportunities, and tuition reimbursement program
• Paid parental leave and adoption leave with adoption financial assistance
• Employee discount program

Job Description Summary: Analyzes and assumes large group renewal and new business risk on behalf of Blue KC for both fully-insured and self-insured clients with stop loss. Post-risk evaluation, collaborates closely with internal sales, large group employers, and brokers/consultants to develop strategies and solutions to meet employers' needs while simultaneously balancing Blue KC’s operational goals. Serves as a resource for less experienced underwriters in rating decisions and enhancing understanding of Underwriting principles.
Job Description

• Underwrite commercial large group renewals and prospective customers. This includes data review, network analysis, and application of target pricing methodology.
• Develops and builds strong relationships with sales team and external agents to support the understanding and communication of rating decisions to accounts.
• Collaborate and negotiate with internal/external partners regarding price, contractual terms, and/or guarantees.
• Responsible for coordinating answers to financial aspects of RFP responses.
• Accountable for timely & accurate analysis and strategy development. This includes various benefit design, network selection, and funding option alternatives to meet the needs of both the account and Blue KC.
• Applies sound underwriting methodology to assess rate relationships, employer contribution strategy, purchasing habits, industry factors, and claims data to determine pricing and protect against adverse selection. Must be able to model self-funded and fully insured funding arrangements.
• Execute contracts, amendments, guarantees, and benefit package paperwork on proposals and renewals.
• Inputs data tracking and performs information reporting, both standard and ad hoc. Responsible for information collection and reporting of defined data elements.
• Calculates, analyzes and provides accurate settlements on the variety of alternate funded accounts.

Minimum Qualifications

• Bachelor’s degree in Math, Finance, Economics, Business, or other relevant field.
• 5+ years of group healthcare underwriting experience including fully insured and self-insured. Stop Loss rating experience preferred.

Preferred Qualifications

• MBA preferred.
• Underwriting certification by HIAA, LOMA, or RHU is preferred.

Blue Cross and Blue Shield of Kansas City is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.