CVS Health

Bringing our heart to every moment of your health.

Underwriting Consultant

UnderwriterUnderwriterFull TimeRemoteTeam 10,001+Since 1963H1B No SponsorCompany SiteLinkedIn

Location

Idaho + 2 moreAll locations: Idaho, New York, Texas

Posted

17 days ago

Salary

$47.0K - $122.4K / year

High School2 yrs expEnglish

Job Description

• Provide guidance and consultation to Sales and Client Management teams on pricing and stop-loss strategies. • Prepare and deliver moderately complex new business quotes, existing business renewals, and/or accountings, while meeting established departmental TAT goals. • Prepare financial projections on prospects, utilizing financial models in Microsoft Excel and Salesforce. • Market and place stop loss policies, negotiating terms based upon claims data, strategy, relationships, and cost avoidance/reduction efforts. • Work with leaders from key functional areas to understand potential impacts for custom requests. • Manage and interpret operational data, and apply to fee development and financial analysis. • Present to internal/external customers, constituents, and business partners. • Display a clear understanding of Meritain products and services, along with strong business and systems knowledge. • Review work for accuracy and recommend pricing and/or accounting alternatives based on financial analysis, underwriting principals, and business strategy. • Develop and participate in presentation to existing and prospective customers, business partners, and internal business areas. • Collaborate with leadership in Sales to determine the appropriate product mix to issue on proposals that target reducing total cost of care for the plan sponsor. • Independently assist sales and client management personnel in explaining rates/fees and communication of underwriting and stop loss policies. • Establish and maintain a positive and productive relationship with sales, client management, our stop loss panel, and internal partners.

Job Requirements

  • 1-2 years of medical insurance experience, including brokers (producers), carriers, third-party administrators, benefit analysis, underwriting, stop-loss products, rating methodologies, or policy marketing.
  • Excellent verbal and written communication skills.
  • Exceptional problem solving and decision-making skills.
  • Demonstrated analytical skills.
  • Adept at collaboration and teamwork.
  • Adept at growth mindset (agility and developing yourself and others) skills.
  • Bachelor's degree and/or specialized training certification.
  • Intermediate/advanced Microsoft Excel skills.

Benefits

  • Affordable medical plan options
  • 401(k) plan (including matching company contributions)
  • Employee stock purchase plan
  • Wellness screenings
  • Tobacco cessation and weight management programs
  • Confidential counseling
  • Financial coaching
  • Paid time off
  • Flexible work schedules
  • Family leave
  • Dependent care resources
  • Colleague assistance programs
  • Tuition assistance
  • Retiree medical access

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