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Associate Underwriter
Location
United States
Posted
8 days ago
Salary
Not specified
No structured requirement data.
Job Description
Role Description
This role involves preparing group renewal quotes and performing risk analysis to achieve PLR targets.
- Prepares group renewal quotes and audits reporting systems.
- Performs review and risk analysis of rate factors using historical and projected data.
- Completes analysis as requested by management to support strategic direction.
- Calculates standard group renewals with plan-specific benefits using established underwriting formulas.
- Provides analysis to confirm accuracy of standard plan factors used in quote preparation.
- Examines experience reports and client data to ensure integrity and accuracy of group data.
- Assists Underwriters with calculation of quotes and plan-specific rates.
- Supports Underwriting Analysts with data and reporting for regulatory reporting.
- Monitors and prepares routine monthly reports on sold business versus underwriting rates.
- Supports studies and projects related to underwriting function to update base data accuracy.
- Performs review of peer and automated rating tool rate calculations.
- Collects, studies, and reviews documentation pertaining to risk cases.
- Prepares routine reports outlining client administrative and claim financial results.
- Develops understanding of underwriting systems and their dependencies.
- Participates in projects affecting underwriting systems, including user-end testing.
- Makes recommendations for rating tool updates or corrections.
Qualifications
- Bachelor’s degree in Finance, Accounting, Statistics, Mathematics, or 4 years functional experience in lieu of degree.
- One year of underwriting experience preferred.
- Familiarity with SQL and Power BI preferred.
- Developing analytical and problem-solving skills.
- Professional verbal and written communication skills.
- Competent in using spreadsheet applications.
- Proven accuracy and careful attention to detail.
- Ability to multitask and meet deadlines.
- Ability to regularly exercise discretion and independent judgment in job duties.
- Clean credit history as reported by credit report.
Compensation
Salary range for the role is listed below. Actual pay will be determined based on experience and other job-related factors permitted by law.
- Salary Ranges: $58,656.00 - $77,628.00
- This role may include eligible bonuses and commissions.
Equal Opportunity Employer
VSP Vision is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to age, gender, race, color, religion, sex, national origin, disability or protected veteran status.
We maintain a drug-free workplace and perform pre-employment substance abuse testing.
Qualified Applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
Fraud Alert
We have been made aware that fake job opportunities are being offered by individuals posing as VSP Vision and affiliate recruiters.
Information Security and Privacy
As a regular part of doing business, VSP Vision collects many different types of personal information, including protected health information, about our audiences. VSP Vision employees will have access to this sensitive personal information and are subject to follow Information Security and Privacy Policies.
Job Requirements
- Bachelor’s degree in Finance, Accounting, Statistics, Mathematics, or 4 years functional experience in lieu of degree.
- One year of underwriting experience preferred.
- Familiarity with SQL and Power BI preferred.
- Developing analytical and problem-solving skills.
- Professional verbal and written communication skills.
- Competent in using spreadsheet applications.
- Proven accuracy and careful attention to detail.
- Ability to multitask and meet deadlines.
- Ability to regularly exercise discretion and independent judgment in job duties.
- Clean credit history as reported by credit report.
- Compensation
- Salary range for the role is listed below. Actual pay will be determined based on experience and other job-related factors permitted by law.
- Salary Ranges: $58,656.00 - $77,628.00
- This role may include eligible bonuses and commissions.
- Equal Opportunity Employer
- VSP Vision is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to age, gender, race, color, religion, sex, national origin, disability or protected veteran status.
- We maintain a drug-free workplace and perform pre-employment substance abuse testing.
- Qualified Applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.
- Fraud Alert
- We have been made aware that fake job opportunities are being offered by individuals posing as VSP Vision and affiliate recruiters.
- Information Security and Privacy
- As a regular part of doing business, VSP Vision collects many different types of personal information, including protected health information, about our audiences. VSP Vision employees will have access to this sensitive personal information and are subject to follow Information Security and Privacy Policies.
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