Underwriting Consultant

Risk Strategies Company; New York (NY); Hybrid; USD 84,200 - 140,000; Full time

Job summary

A leading brokerage firm is seeking an Underwriting Consultant in New York, NY. The role provides underwriting and financial support to clients, requiring strong analytical, negotiation, and communication skills. Candidates must have at least 10 years of experience in group medical underwriting and a Bachelor's degree. The position offers a hybrid work model with a salary range of $84,200 to $140,000 per year.

Qualifications

• Minimum 10 years of underwriting experience at a carrier or consulting firm.
• Life, Accident, and Health Insurance License required.
• GBA or CEBS Certification is a plus.

Responsibilities

• Underwrite health coverages and project future renewals.
• Evaluate and critique carrier/TPA utilization data.
• Conduct pre-sale financial reviews for new business opportunities.

Skills

Underwriting experience in group medical

Negotiation skills

Analytical skills

Communication skills

Problem-solving skills

Education

Bachelor’s degree (BA/BS)

Job description

Overview

Underwriting Consultant role at Risk Strategies Company. This position provides underwriting and financial support to assigned clients, supports prospect reviews and marketing for new business, and requires negotiation and communication skills. The role assists in developing benefit strategies and meeting client goals and objectives. Candidates should be knowledgeable about employer-sponsored health & welfare plans and the federal and state regulations that affect these plans.

Your Impact

• Underwrite health coverages; project future renewals/plan costs and evaluate carrier renewal actions for fully insured, minimum premium, level-funded and self-insured accounts.
• Utilize actuarial modeling tools to develop alternative strategies, plan design offerings and cost reduction plans. Evaluate the impact of migration and selection.
• Complete standard client-facing monthly reports including claims, enrollment and large claim activity; transmit to client with appropriate commentary.
• Create and present alternative funding modeling.
• Evaluate and critique carrier/TPA utilization data; use data to identify cost drivers and develop financial strategies.
• Prepare premium equivalent rates for self-funded clients, including COBRA rates.
• Evaluate carrier renewal calculations and the financial impact of PPACA and other benefits-related legislation.
• Evaluate network discounts and conduct stop loss marketing and negotiations, evaluating and presenting stop loss proposals.
• Evaluate PEOs, captive arrangements, reference-based pricing and pharmacy contracts for client consideration.
• Evaluate impact of mergers & acquisitions on plan costs. Stay current on cost containment strategies and benefits-related legislation.
• Participate in client meetings/conference calls as needed and join underwriting calls with carriers to assist in renewal negotiations.
• Conduct pre-sale financial reviews of new business opportunities along with presentations to prospects.

Successful Candidate Will Have

• Bachelor’s degree (BA/BS) required.
• Minimum 10 years of underwriting experience in group medical underwriting, at carrier and/or consulting firm.
• Strong technical and analytical skills; excellent verbal and written communication.
• Ability to work independently and collaboratively with a team of benefit professionals.
• Ability to manage projects using internal and external resources; strong problem-solving and critical thinking skills.
• Ability to manage multiple tasks with effective time management and decision-making skills; attention to detail.
• Life, Accident and Health Insurance License required; GBA or CEBS Certification a plus.

Base pay range

$84,200.00/yr - $140,000.00/yr

About Risk Strategies Company

Risk Strategies is a private US brokerage firm offering risk management, insurance and reinsurance placement with multiple offices and a broad suite of services in property & casualty, employee benefits, private client services, and consulting. The company emphasizes Environmental, Social, and Governance issues and has been recognized as a Best Places to Work in Insurance and on the Inc. 5000 list.

Job details

Senior Talent Acquisition Partner - Northeast Region at Risk Strategies Company is cited in the description as a hybrid opportunity with onsite presence in New York, NY. This section is provided to preserve context from the original posting but has been streamlined to focus on the Underwriting Consultant role.