Stop Loss Group Underwriter Consultant, Senior

Elevance Health; Wallingford (CT); Hybrid; USD 107,976 - 169,326; Full time

Benefits offered by this job

Comprehensive benefits package

Incentive and recognition programs

Equity stock purchase

401k contribution

Job summary

Elevance Health is seeking a Senior Underwriter Consultant located in Wallingford, Connecticut. This role involves calculating stop loss rates, coordinating inter-departmentally, and preparing annual settlements. The ideal candidate will have a minimum of 7 years of related experience and a BA/BS degree. Preferred qualifications include CPCU, CLU, and specific underwriting experience.

The salary range for this position is between $107,976 and $169,326, accompanied by a comprehensive benefits package that includes equity stock purchase and 401k contributions.

Qualifications

• Minimum 7 years of related experience.
• Combination of education and experience necessary for equivalent background.
• CPCU, CLU, LOMA, HIAA, PAHM or other insurance related courses preferred.

Responsibilities

• Calculates stop loss rates for large complex cases based on thorough analysis.
• Coordinates with other departments to ensure accuracy and consistency.
• Prepares annual settlements, rate projections, and monitors sales results.
• Assists in establishing rating and administrative procedures.
• Participates in major multi-functional teams as underwriting representative.

Skills

Analytical skills

Collaboration

Communication

Stop Loss underwriting experience

Expertise in Medical Stop Loss Underwriting

Education

BA/BS in a related field

Job description

Stop Loss Group Underwriter Consultant, Senior

Location: This role requires associates to be in-office 1-2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

Responsibilities

• Calculates stop loss rates for large complex cases based on thorough analysis of experience, location, demographics, etc.
• Coordinates with other departments to ensure accuracy and consistency of overall account reporting.
• Proposes rates for prospective business utilizing a combination of other carrier experience, demographic data and manual rates.
• Prepares or supervises preparation of annual settlements, rate projections, or benefit change increments and decrements.
• Surveys existing product portfolios by market, monitors sales results, trends and needs, recommends product portfolio changes.
• Assists in establishing rating and administrative procedures.
• Participates in major multi-functional teams as underwriting representative.
• Assists in the technical development of underwriting associates, which may include monitoring reports and work flow to provide recommendations on productivity and efficiency improvements.
• Updates and monitors departmental processes and procedures in compliance with system, regulatory and business requirements.

Minimum Requirements

Requires a BA/BS in a related field; Minimum 7 years of related experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities and Experiences

• CPCU, CLU, LOMA, HIAA, PAHM or other insurance related courses preferred.
• Stop Loss underwriting experience preferred
• Demonstrated expertise, knowledge, and proficiency in Medical Stop Loss Underwriting.

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $107,976 to $169,326.

In addition to your salary, Elevance Health offers benefits such as a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution. The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws. The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations.

Elevation Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact [e-mail] for assistance. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.