Underwriter Senior, Geisinger Health Plan (Eastern United States resident)

Geisinger Health; Danville (PA); Remote; USD 75,000 - 95,000; Full time

Job summary

A healthcare organization is seeking a detail-oriented Senior Underwriter to evaluate risks and develop pricing strategies. The role involves analyzing claims, calculating premiums, and collaborating with management on financial strategies. Candidates should have a minimum of 7 years' experience and an Associate's Degree. The position offers opportunities for innovation and collaboration within a diverse and inclusive team.

Benefits

Healthcare benefits from day one

Healthcare coverage for full time and part time positions

Collaborative atmosphere

Qualifications

• Minimum of 7 years of related work experience is required.
• Strong expertise in Administrative Services Only (ASO), Stop Loss, and pharmacy risk evaluation.
• Experience with financial forecasting, profitability analysis, and health plan risk.

Responsibilities

• Calculate premium rate proposals for new clients and renewals.
• Analyze claims experience and apply underwriting judgment.
• Complete Request for Proposals with explanations of rate action.

Skills

Insurance Finance And Actuarial Concepts

Insurance Legal And Regulatory Environment

Education

Associate's Degree

Job description

Job Summary

We are seeking a highly skilled and detail-oriented Senior Underwriter with strong expertise in Administrative Services Only (ASO), Stop Loss, and pharmacy risk evaluation to join our dynamic team. This role is critical in evaluating risk, pricing strategies, and ensuring sustainable growth across our self-funded product lines.

Job Duties

Calculates premium rate proposals and develops product portfolios for new client groups and renewal business. Contributes to the achievement of the financial and marketing objectives for the thorough assessment of group risk, the expected cost to deliver services, the expected marketability and competitiveness of health care services that will result in profitable enrollment. Uses actuarial data in standard application of various rating methodologies and formulas and identifies potential areas for application of underwriting judgment. Confers with management to identify and develop methods and procedures to obtain greater efficiency. Provides support to Management relative to financial forecasting, profitability and expense analysis, and assigned special projects.

• Analyze the risk of a group and calculate premium rates for new and renewal clients adhering to regulatory requirements, underwriting guidelines and pricing strategies to achieve target financial results.
• Analyze claims experience, demographics, benefit plans, group attributes and competitor data. Applies underwriting judgment as appropriate.
• Complete Request for Proposals providing explanations of rate action, configuration of benefits and market position to sales, client, broker, or consultant. Organizes proposal questionnaire responses to consulting firms.
• Presents key accounts to all levels of management providing an explanation of premium rating strategies, product offerings and market position specific to the account.
• Conducts conference calls with the clients and sales to interpret the renewal and new business proposal rating, negotiating premium reductions as part of these calls.
• Assists with designing and implementing rating models. Recommends measures to improve efficiency and ensure accuracy.
• Acts as a department resource for co-workers, sales, and inter-departmental projects
• Assists in preparing various management reports to analyze the financial risk for the health plan. Utilizes a high level of experience in Excel and reporting programs for special analysis

Work is typically performed in an office environment. Accountable for satisfying all job specific obligations and complying with all organization policies and procedures. The specific statements in this profile are not intended to be all-inclusive. They represent typical elements considered necessary to successfully perform the job.

LI-REMOTE

Position Details

Education: Associate’s Degree- (Required)

Experience: Minimum of 7 years-Related work experience (Required)

Certification(s) and License(s):

Skills: Insurance Finance And Actuarial Concepts, Insurance Legal And Regulatory Environment

OUR PURPOSE & VALUES

Everything we do is about caring for our patients, our members, our students, our Geisinger family and our communities.

• KINDNESS:We strive to treat everyone as we would hope to be treated ourselves.
• EXCELLENCE:We treasure colleagues who humbly strive for excellence.
• LEARNING:We share our knowledge with the best and brightest to better prepare the caregivers for tomorrow.
• INNOVATION: We constantly seek new and better ways to care for our patients, our members, our community, and the nation.
• SAFETY: We provide a safe environment for our patients and members and the Geisinger family.

We offer healthcare benefits for full time and part time positions from day one, including vision, dental and domestic partners. Perhaps just as important, we encourage an atmosphere of collaboration, cooperation and collegiality.

We know that a diverse workforce with unique experiences and backgrounds makes our team stronger. Our patients, members and community come from a wide variety of backgrounds, and it takes a diverse workforce to make better health easier for all. We are proud to be an affirmative action, equal opportunity employer and all qualified applicants will receive consideration for employment regardless to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or status as a protected veteran.