Job Description

Underwriter I (entry level), II, III, Senior or Lead

Work from home within Oregon, Washington, Idaho or Utah

Build a career with purpose. Join our to create a person-focused and economically sustainable health care system.

Who We Are Looking For:

Every day, Cambia's dedicated team of Underwriters is living our mission to make health care easier and lives better. As a member of the Underwriting team, our Underwriters carefully evaluate each assigned group's risk and attach the appropriate rate - all in service of creating an economically sustainable health care system.

Do you have a passion for serving others and learning new things? Do you thrive as part of a collaborative, caring team? Then this role may be the perfect fit.

What You Bring to Cambia:

Qualifications:

• The Underwriter I would have a Bachelor's degree in business, math, statistics or related discipline or an equivalent combination of education and experience.

• The Underwriter II would have a Bachelor's degree in business, math, statistics or related discipline and a minimum of 2 years related experience or an equivalent combination of education and experience.

• The Underwriter III would have a Bachelor's degree in business, math, statistics or related discipline and a minimum of 4 years related experience or an equivalent combination of education and experience.

• The Underwriter Senior would have a Bachelor's degree in business, math, statistics or related discipline and a minimum of 6 years related experience or an equivalent combination of education and experience.

• The Underwriter Lead would have a Bachelor's degree in business, math, statistics or related discipline and a minimum of 8 years related experience or an equivalent combination of education and experience.

Skills and Attributes:

• Demonstrated analytical and problem solving skills. (UW I - Lead)

• Business sense including: finance, accounting, economics, and risk management principles. (UW I - Lead)

• Effective verbal and written communications. (UW I - Lead)

• Ability to build and maintain positive internal and external customer interactions. (UW I - Lead)

• Ability to prioritize tasks and meet deadlines. (UW I - Lead)

• Demonstrated technology proficiency, including Excel, Word, and applicable software applications. (UW I - Lead)

• Demonstrated success with managing competing priorities and workload (UW II - Lead)

• Demonstrated proficiency working with complex computer software systems and automation. (UW III - Lead)

• Ability to effectively explain complex mathematical and abstract concepts to a variety of stakeholders, including those with less familiarity and/or understanding. (UW III - Lead)

• Proven understanding of business, including: finance, accounting, economics, and risk management. (Senior & Lead)

• Demonstrated attainment of a high level of independent, consistent performance. (Senior & Lead)

• Ability to organize, plan, prioritize and complete complex assignments with little or no supervision. (Senior & Lead)

• Demonstrated ability to read the marketplace and competitive environment. (Senior & Lead)

• Highly developed business acumen, finance, accounting, economics, and risk management. (Lead)

What You Will Do at Cambia:

UW I - Lead

• Approves renewal changes after verifying rates and product selection.

• Audits both new and renewing groups as necessary.

• Determines rates for alternative benefit variations.

• Ensures that group participation requirements are met.

• Prepare rate filings.

• Follows underwriting guidelines, policies, procedures and formulas in developing rates for new and renewal groups.

• Gathers the appropriate data used to determine the status of account refunds.

• Maintains spreadsheet information on group renewal history.

• Prepares memos and other correspondence to communicate changes in rates or benefits which have been approved by underwriting management.

• Processes the appropriate paperwork associated with renewal rate action and proposal closing.

• Supports internal sales staff regarding underwriting questions and/or resolves issues.

• Effectively communicates Underwriting decisions to other departments when necessary.

UW II - Lead

• May determine rates for alternative benefit variations and funding arrangements.

• Assist in the training process and mentoring of more junior level Underwriters.

• Prepares contingent premium settlements.

• Prepares the rate quotations and completes bid specifications.

• Processes group financial settlement calculations.

• Reviews and determines whether or not to grant exception requests.

• Supports management reporting efforts and the development of automated rating and analysis tools.

UWIII - Lead

• May determine rates for alternative benefit variations and more complex funding arrangements.

• Actively involved in the preparation and maintenance of underwriting guidelines and rating policy.

• Actively involved with testing new rating, underwriting and front end systems.

• Answers questions regarding the basic factors used in developing rates, (group size, type of benefits, age/gender composition, large claims, experience provided from the prior carrier, current rates).

• Answers questions regarding the rate model and how it impacts rates in accordance with particular group demographic changes.

• Assesses health risk in a group environment (performs large claim analysis for ongoing claim cost).

• Develops prospective and renewal rates for group accounts in accordance with corporate and underwriting guidelines.

• Reviews and determines whether or not to grant exceptions to underwriting policy.

• Ensures the proper administration of underwriting and legislative guidelines for new and renewing groups.

• Handles large volume production with account specific issues (I.e. reinstatements, eligibility standards, group identification criteria, etc)

• Maintains a working knowledge of State and Federal regulations affecting group rating.

• Prepares rate breakouts and hierarchy definitions for group setups.

• Reviews and directs the preparation of experience reports for fiscal, ERISA and contingent premium settlements.

• May meet with external customers, brokers or account representatives to review underwriting calculations and provide explanations for rating principles.

• May prepare written summaries of recommendations and/or conditions of coverage for the group after completion of each analysis.

• May prepare an explanation of the past rating history, documenting benefit and enrollment changes, and providing a recommendation for benefit and financial options.

UW Senior & Lead

• Contribute to timely and accurate productivity by assisting the Manager in education to new Underwriters.

• Attends broker meetings, as well as meetings with sales executives, agents and/or groups to provide explanations of rating principles or rationale of rating positions.

• Contributes to the development of new rating formulas, methodologies and guidelines.

• Represent underwriting on Cambia workgroups and strategy sessions and serves as department representative where applicable.

UW Lead

• Responsible for the assignment of workload and ensuring smooth operations.

• Tracking timeliness and quality of work output.

• May be responsible for peer review and sign-off.

The expected hiring range for a Underwriter I is $22.53 - $32.78 per hour depending on skills, experience, education, and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 5%. The current full salary range for this role is $21.20 to $37.50 per hour.

The expected hiring range for a Underwriter II is $56,100.00 - $75,900.00 depending on skills, experience, education, and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 5%. The current full salary range for this role is $56,000.00 to $86,000.00.

The expected hiring range for a Underwriter III is $68,000.00 - $92,000.00 depending on skills, experience, education, and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 10%. The current full salary range for this role is $64,000.00 to $104,000.00.

The expected hiring range for a Underwriter Sr is $82,500.00 - $111,600.00 depending on skills, experience, education, and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 10%. The current full salary range for this role is $77,000.00 to $127,000.00.

The expected hiring range for a Underwriter Ld is $91,000.00 - $123,100.00 depending on skills, experience, education, and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 15%. The current full salary range for this role is $85,000.00 to $140,000.00.

#LI-remote

Job Tags

Similar Jobs