Underwriter III - Stop Loss

Blue Cross and Blue Shield of Massachusetts, Inc.; Boston (MA); On-site; USD 97,000 - 118,000; Full time

Benefits offered by this job

Hybrid work model

Well-being benefits

Paid time off

Job summary

Blue Cross Blue Shield of Massachusetts, Inc. is seeking a Stop Loss Underwriter III to underwrite Stop Loss programs for self-funded accounts. The role focuses on accurate quotations, adherence to guidelines, and detailed analyses for new business and renewals.

The position reports to Susan Prosser, works within the Financial Underwriting department, and offers a hybrid work model with competitive benefits and professional growth opportunities.

Qualifications

• Three years of underwriting or related experience required.
• Stop-Loss insurance experience required.
• Strong initiative and ability to work in a fast-paced environment.
• Proficient in Excel and Word; ability to learn new software/tools.

Responsibilities

• Calculate Stop Loss new business and renewal quotations accurately and timely.
• Maintain adherence to underwriting guidelines and approve exceptions.
• Prepare underwriting analyses for new business and renewals.
• Monitor profitability and persistency of the assigned book of business.
• Provide high level service to sales reps and clients on renewals and proposals.
• Participate in renewal and new business presentations with accounts and brokers.

Skills

Analytical thinking

Initiative

Professional development

Excel proficiency

Word proficiency

Creative problem solving

Stop-Loss experience

Underwriting experience

Education

High school diploma or equivalent

Job description

Revised Date: October 16, 2026

Job Title:

Stop Loss Underwriter III

Job Code:

UNW130

Grade (desired):

K/J

Department:

Financial Underwriting

Personas:

eWorker

Title reports to:

Susan Prosser

Career Stream:

Individual Contributor

What We Need:

Financial Underwriting is instrumental to securing the financial wellbeing of insurance companies. At Blue Cross Blue Shield of Massachusetts, Underwriters are valued partners in contributing to the organization's success by influencing business segments such as Marketing, Product Portfolio, Infrastructure Planning and Network Planning. The Stop Loss Underwriter III will underwrite accounts of a variety of Stop Loss programs for self-funded accounts.

Your Day to Day

• Responsible for the accurate and timely calculation of Stop Loss New Business and Renewal quotations.
• Maintain adherence to Underwriting Guidelines and be responsible for approval of exceptions.
• Prepare complete underwriting analyses for New Business prospects and Renewals.
• Monitor and report on the profitability and persistency of the assigned book of business.
• Maintain consistent high level of service to our sales representatives and clients with respect to renewal and proposal timeliness and accuracy.
• Participate actively in both account renewal and new business presentations to existing and prospective policyholders and brokers/consultants.

We're Looking for:

• Utilize Underwriting/Actuarial models to develop quotations and associated renewals, project future account performance, and propose alternative programs and/or financial arrangements when necessary.
• Leverage working knowledge of account specific rating strategies including lasering, aggregating specific and other creative underwriting approaches to minimize adverse selection.
• Make independent decisions consistent with stated UW guidelines and represent the financial needs of the Corporation at meetings with accounts and brokers/consultants.
• Will be expected to deal directly with Sales Staff, and/or their Consultant(s) in a consultative capacity as needed.

What You Bring:

• Demonstrates strong initiative.
• Has an analytic thought process with ability to work in a fast-paced environment.
• Demonstrates an interest in professional development.
• Employs functional and technical skills when performing all assignments.
• Can apply changes to previously learned processes or adopt new ones.
• Develops cooperative relationships with leaders and peers.
• Recognizes and changes daily priorities to perform work routine and accomplish activities.
• Proficiency in Excel and Word, and ability to learn new software/tools.
• Creative problem-solving ability is required.
• Minimum of three (3) years underwriting or related experience is required.
• Stop-Loss Insurance experience is required.

What You'll Gain:

• A collaborative department with a strong leadership team who embodies a growth mindset and authentically leads Blue Cross Blue Shield of Massachusetts in maintaining financial stability and balancing membership and affordability across all market segments.
• Flexibility and work/life balance with the Blue Cross Blue Shield of Massachusetts hybrid work model.
• A mission-driven organization with strong company values that provides comprehensive, holistic well-being benefits.

It is our mission at Blue Cross Blue Shield of Massachusetts to foster a culture that enables associates to do their best work while living happy and healthy lives. That's why we offer you a variety of ways to support your best physical, emotional, financial, and social well-being. For more information on our benefit offerings, visit https://careers.bluecrossma.org/us/en/benefits

Minimum Education Requirements:

High school degree or equivalent required unless otherwise noted above

LocationBostonTime TypeFull timeSalary Range: $96,570.00 - $118,030.00

The job posting range is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs and affordability.

This job is also eligible for variable pay.

We offer comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), and a suite of well-being benefits to eligible employees.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.

WHY Blue Cross Blue Shield of MA?

At Blue Cross Blue Shield of Massachusetts, we believe in wellness and that work/life balance is a key part of associate wellbeing. For more information on how we work and support that work/life balance visit our "How We Work" Page.