Sr. Underwriter

2 weeks ago

New York, United States EmblemHealth Full time
Summary:
  • Participate in managing the financial risk of EmblemHealth through complex underwriting of various businesses.
  • Underwrite existing medical and dental accounts, including Broker, Commercial and Labor and Government accounts, within published time frames.
  • Prepare employer reports and provides analysis for use in accessing level of risk and in consulting with clients (brokers and consultants) regarding benefits, product design, financial arrangements and general utilization trends.
  • Underwrite new business portfolio which may include Small Group, Large Group Experience Labor and Government,Commercial, Self-Insured (depending on specific state - NY or CT), Large Group Community Rated accounts.
  • Advise the Underwriters in the Underwriting Leader's absence.
  • Support the department in the development of good working relationships between Underwriting and Account Management.
  • Assume responsibility for entry level training program and supporting new hire underwritings.
  • Support Organizational/Underwriting Initiatives, including improvements to tools used by Underwriting.
Responsibilities:
  • May underwrite new/existing large and/or small groups, within the published departmental time frames, and using the departmental and corporate guidelines, strategies, and goals.
  • Calculate fully insured and self-funded quotes and renewal rates for all case sizes for both manually rated and experienced rated accounts based on sound underwriting principals.
  • Ensure that established yield and membership targets are met; alert Director for potential problems and opportunities.
  • Apply knowledge to evaluate and analyze accounts to recommend coverage, policy terms and conditions to obtain and renew quality, profitable desired business.
  • Effectively communicate proposed pricing, coverages and rating plans to brokers. Provide clear documentation and recommendations to management, update tracking tools.
  • Evaluate risk using demographics, claims experience, predictive modeling, high-cost claimant review, and other criteria.
  • Utilize various pricing models to develop both manual and experience rates.
  • Evaluate pricing impact of alternative plan designs.
  • Collect data and produce enrollment, claims, utilization reports from COGNOS, Tableau, Facets, and other databases/reporting tools.
  • Prepare summaries for Account Executives for renewals, based on financial history of the groups, demographics and projections moving forward.
  • May be responsible for preparing reports to track risks and profitability; forecasting earned premium and provide routine updates and reconciliations.
  • Communicate and explain Underwriting recommendations/decisions to the Sales Account Executives.
  • Provide support explaining analysis to brokers and/or customers as needed.
  • Attend client presentations to respond to and answer underwriting/financial questions.
  • Support sales area in a consultative capacity with regard to underwriting and product information with a view to overall business enhancement.
  • Lead Organizational/Underwriting initiatives.
  • Serve as technical resource and mentor for lower-level Underwriters.
  • Review and analyze Request for Proposals (RFPs) and prospective rate quotes from Brokers, Consultants, and Marketing Representatives.
  • Prepare financial exhibits and answers Underwriting questions for Sales Representatives.
  • Perform other related projects and duties as assigned providing professional, pro-active input as needed.
  • Maintain industry level knowledge of trends, practices, digital design software, etc.
Requirements:
  • Bachelor's degree (preferably in Mathematics, Economics, Statistics, Finance, Healthcare Mgmt., or Business Administration) required
  • 4 - 6+ years of Group Health Insurance Underwriting experience required
  • Underwriting experience, preferably in a managed care environment with both fully insured and self-funded experience required
  • Knowledge of underwriting methodologies, especially Experience Rating Methodology required
  • Excellent attention to detail; quantitative, analytical, critical thinking, and decision-making skills required
  • Proficient in MS Office (Word, Excel, Access, PowerPoint, Outlook, Teams, etc.) required
  • Strong technical underwriting and math skills required
  • Ability to make sound logical independent decisions required
  • Ability to successfully manage multiple tasks/projects with simultaneous competing priorities and deadline required
  • Results-oriented with the ability to function in a fast-paced dynamic environment required
  • Excellent organizational and prioritizing, skills; proven ability to successfully manage multiple simultaneous priorities required
  • Strong communication skills (verbal, written, presentation, interpersonal, negotiation) required
  • Willingness to work with Sales and make compromises to renew existing accounts and sell new business required
  • Ability to negotiate with brokers/consultants required

  • Asset Based Lending Sr Underwriter/Underwriter

    1 month ago

    New York, New York, United States Bank of America Full time

    Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our...

  • Senior Underwriter

    17 hours ago

    New York, United States Confidant Recruiting, Inc. Full time

    A rapidly expanding direct lender in alternative finance for small businesses is seeking a Senior Underwriter. The Sr. Underwriter must possess a strong background working with a diverse set of small business with a focus of underwriting loans in the $100,000 to $10 million range.The Sr. Underwriter must also be passionate about improving credit analysis...

  • Senior Underwriter

    2 days ago

    New York, United States Confidant Recruiting, Inc. Full time

    A rapidly expanding direct lender in alternative finance for small businesses is seeking a Senior Underwriter. The Sr. Underwriter must possess a strong background working with a diverse set of small business with a focus of underwriting loans in the $100,000 to $10 million range.The Sr. Underwriter must also be passionate about improving credit analysis...

  • Stop Loss Group Underwriter Consultant, Sr

    3 weeks ago

    New York, New York, United States Elevance Health Full time

    Stop Loss Group Underwriter Consultant, SrLocation: Open to any open-access Pulse Point location.Must be within a 50-mile radius of a Pulse Point location.Elevance Health operates in a Hybrid Workforce Strategy, providing various levels of flexibility while also ensuring that associates have opportunities to connect in-person. Unless in a designated...

  • Sr. Life Insurance Underwriter

    10 hours ago

    New Haven, United States Aquinas Consulting Full time

    Job DescriptionJob DescriptionAquinas Consulting is currently look to fill a Sr. Life Insurance Underwriter (Bilingual) Job in New Haven, CT for one of our key clients in the Insurance Industry. In this role, you will underwrite individual life insurance contracts ranging in amounts through $1,000,000. You may occasionally work on applications of higher...

  • Sr./Executive Underwriter

    1 day ago

    New York, United States Markel Full time

    What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it. Because, at Markel, the work you do gives people the confidence to move forward and seize opportunities. Whether you're wild about horses, bananas for boats or driven by data, you'll find your fit amongst our global community of optimists and...

  • Senior Underwriter/Portfolio Manager

    3 weeks ago

    New York, New York, United States First Citizens Bank Full time

    Overview: This is an opportunity to work within a small and growing group for a top 20 U.S. Bank with significant advancement opportunities both within the department and other functional areas of First Citizen's Commercial Bank. The VP, Sr Underwriter Portfolio Manager Sponsor Finance will work within a team construct to assist in the credit underwriting...

  • Sr. Underwriter

    2 weeks ago

    NEW YORK, United States Starr Companies Full time

    Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we...

  • Sr./Executive Underwriter

    2 days ago

    New Concord, United States Markel Full time

    What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it. Because, at Markel, the work you do gives people the confidence to move forward and seize opportunities. Whether you're wild about horses, bananas for boats or driven by data, you'll find your fit amongst our global community of optimists and...

  • Account Executive Officer/Sr. Underwriter, National Accounts

    2 days ago

    New York, United States Travelers Full time

    Who Are We? Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine...

  • Sr. Reinsurance Business Analyst

    1 week ago

    New York, United States Saransh Full time

    Role: Sr. Reinsurance Business Analyst / Support Location: NYC, NY (Day 1 Onsite) Contract Description: Support the setup of Multinational and Reinsurance agreements in Company systems. Set up and monitor Treaty agreements. Oversee and monitor Marine-related calculations and Treaty attachment points. Coordinate Transactional Audits and Data calls from direct...

  • Sr. Reinsurance Business Analyst

    2 days ago

    New York, United States Saransh Full time

    Role: Sr. Reinsurance Business Analyst / Support Location: NYC, NY (Day 1 Onsite) Contract Description: Support the setup of Multinational and Reinsurance agreements in Company systems. Set up and monitor Treaty agreements. Oversee and monitor Marine-related calculations and Treaty attachment points. Coordinate Transactional Audits and Data calls from...

  • Sr Consultant, Credit and Political Risk

    3 weeks ago

    New York, United States Nationwide Private Client Full time

    If you’re passionate about helping people protect what matters most to them, as well as innovating and simplifying processes and operations to provide the best customer value, then Nationwide’s Property and Casualty team could be the place for you! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything...

  • Sr. Reinsurance Business Analyst

    1 month ago

    New York, United States Saransh Inc Full time

    Role: Sr. Reinsurance Business Analyst / Support Location: NYC, NY (Day 1 Onsite)ContractDescription:Support the setup of Multinational and Reinsurance agreements in Company systems.Set up and monitor Treaty agreements.Oversee and monitor Marine-related calculations and Treaty attachment points.Coordinate Transactional Audits and Data calls from direct and...

  • Sr. Reinsurance Business Analyst

    1 month ago

    New York, United States Saransh Inc Full time

    Role: Sr. Reinsurance Business Analyst / Support Location: NYC, NY (Day 1 Onsite)ContractDescription:Support the setup of Multinational and Reinsurance agreements in Company systems.Set up and monitor Treaty agreements.Oversee and monitor Marine-related calculations and Treaty attachment points.Coordinate Transactional Audits and Data calls from direct and...

  • Sr. Reinsurance Business Analyst

    2 weeks ago

    New York, United States Saransh Full time

    Role: Sr. Reinsurance Business Analyst / Support Location: NYC, NY (Day 1 Onsite) Contract Is this the role you are looking for If so read on for more details, and make sure to apply today. Description: Support the setup of Multinational and Reinsurance agreements in Company systems. Set up and monitor Treaty agreements. Oversee and monitor...

  • Sr. Reinsurance Business Analyst

    1 month ago

    New York, United States Saransh Inc Full time

    Role: Sr. Reinsurance Business Analyst / Support Location: NYC, NY (Day 1 Onsite)ContractDescription:Support the setup of Multinational and Reinsurance agreements in Company systems.Set up and monitor Treaty agreements.Oversee and monitor Marine-related calculations and Treaty attachment points.Coordinate Transactional Audits and Data calls from direct and...

  • Risk Solutions Sr. Consultant

    2 days ago

    New York, United States Hanover Insurance Group, Inc. Full time

    For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, ESG initiatives and IDE journey. Our Risk Solutions team is seeking a Sr. Consultant in the New York or New Jersey area. This is a full time, exempt role. This...

  • Hybrid Senior Reinsurance Contract Analyst-New York City

    2 weeks ago

    New York, United States Masis Professional Group Full time

    MASIS Professional Group's Insurance Staffing Team has partnered with a Global Reinsurance organization to conduct a search for a Sr. Reinsurance Contract Analyst based in NYC.Sr. Reinsurance Contract Analyst - Hybrid NYCSince 1977 our client has delivered first class solutions to insurers worldwide, by combining global reach with local decision making. They...

  • Hybrid Senior Reinsurance Contract Analyst-New York City

    3 weeks ago

    New York, United States Masis Professional Group Full time

    MASIS Professional Group's Insurance Staffing Team has partnered with a Global Reinsurance organization to conduct a search for a Sr. Reinsurance Contract Analyst based in NYC.Sr. Reinsurance Contract Analyst - Hybrid NYCSince 1977 our client has delivered first class solutions to insurers worldwide, by combining global reach with local decision making. They...