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Group Underwriter - Large, Experienced at Blue Shield of CA in Oakland, California

Posted in Other 30+ days ago.

Type: Full Time





Job Description:

Group Underwriters - Large - Directly contribute to the company achieving its financial and strategic goals for employer accounts with 250 or more subscribers. As the financial professionals who identify, evaluate and price risk, Large Group underwriters are responsible for balancing operating income and membership goals while protecting the company's bottom line from loss.

Essential Responsibilities:

- Collects, reviews and analyzes customer specific information including financial condition, employee demographics, carrier history and previous claim experience to determine risk, potential benefit features and premium rates for fully insured groups requiring minimal customization.

- Underwrites new and renewal business by calculating monetary risk along with amendments to existing contracts.

- Assists as necessary in the negotiation of benefit plan designs and financial assumptions with sales teams on new and renewed business.

- Updates underwriting databases as appropriate.

- Reviews and approves all sales requests within company established standards and policy guidelines.

- Reviews and interprets ad hoc reports as requested and produces ongoing reports.

- May assist the sales team in implementing new and existing contracts by reviewing final enrollment numbers.

- Provides underwriting knowledge sharing and education to peers and/or members of the sales team.

- Other duties as assigned.

- Requires practical knowledge of job area typically obtained through advanced education combined with experience.

- Typically, requires a college degree or equivalent experience and 3 years of prior relevant experience.

- Experience 2 - 4 years with BA or 1 - 2 years with MBA.

- BA/BS in a related field such as finance, mathematics or accounting and/or equivalent combination of education and experience.

- Working knowledge of underwriting principles and procedures.

- Demonstrated math/statistical, analytical and problem-solving skills.

- Excellent knowledge of personal computer and related software applications including advanced features of Excel and/or other financial analysis modeling software.

- Requires an attention to detail and accuracy and understanding of the company's revenue, operating income and membership goals.

- Ability to solve complex problems with sometimes ambiguous information.

- Good time management and customer service skills.

Additional Information

- Our Company: Looking for a chance to do meaningful work that touches millions? Come join the hardest working, nonprofit health plan in California and help us shape the future of health care. Blue Shield of California is focused on transforming health care by making it more accessible, affordable and customer-centric. Being a mission-driven organization means we do much more than serve our 3.5 million members: we were the first health plan in the nation to limit our annual net income to 2 percent of revenue and return the difference to our customers and the community, and since 2005 we have contributed more than million to the Blue Shield of California Foundation to improve community health and end domestic violence. We also believe that a healthier California begins with our employees, so we provide them with resources to develop and maintain a healthy lifestyle through our award-winning wellness program, Wellvolution. We're hiring smart thinkers and doers who want to work for a leader and innovator in the challenging, ever-changing healthcare space. Come and help us make health care better for everyone.

- Physical Requirements:
Office Environment - roles involving part to full time schedule in Office Environment. Based in our physical offices and work from home office/deskwork - Activity level: Sedentary, frequency most of work day.

- Equal Employment Opportunity: External hires must pass a background check/drug screen. Qualified applicants with arrest records and/or conviction records will be considered for employment in a manner consistent with Federal, State and local laws, including but not limited to the San Francisco Fair Chance Ordinance. All qualified applicants will receive consideration for employment without regards to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or disability status and any other classification protected by Federal, State and local laws.

- Requisition ID: 20002JJ

- Posting Date: Nov 23, 2020

- Schedule: Full-time

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