Underwriting Associate

1 day ago


Boston, Massachusetts, United States Blue Cross Blue Shield of Massachusetts Full time
Job Summary

We are seeking a highly skilled Underwriting Associate to join our team at Blue Cross Blue Shield of Massachusetts. As an Underwriting Associate, you will play a critical role in the profitability of our assigned book of business, consisting of a minimum of approximately 250 accounts in the 51-99 market segment.

Key Responsibilities
  • Accurately and timely rate account rates for customers with 51+ eligible subscribers.
  • Perform renewal analysis and rating of Blue Funding Solution accounts, facilitate annual settlement process with internal areas.
  • Comprehend and apply Underwriting Policies and Procedures.
  • Prepare underwriting analyses for account renewals.
  • Analyze and explain comparative advantages and disadvantages of various commercial programs submitted in competitive bidding situations.
  • Monitor and report on the profitability and persistency of the assigned book of business.
  • Negotiate prices with customers and their consultants/brokers, where appropriate, to retain/grow enrollment and meet profitability goals.
Requirements
  • Demonstrate strong initiative with a clear business purpose in mind.
  • Exhibit an analytic thought process with the ability to work in a fast-paced environment.
  • Commit to continuous professional development.
  • Learn to evaluate information to assess risk and determine appropriate action.
  • Develop the ability to take calculated risks and be responsible for outcomes.
  • Employ functional and technical skills when performing all assignments.
  • Be flexible in the interpretation and application of underwriting guidelines.
  • Know the audience and adjust communication style accordingly.
  • Recognize the differing needs of customers and respond accordingly.
  • Ensure follow-up and resolution on escalated issues.
  • Know when to act with a sense of urgency for a specific situation or need.
  • Recommend appropriate decisions with justification and business rationale.
  • Build and grow relationships with internal and external customers and business partners/peers.
Preferred Qualifications
  • Undergraduate degree from an accredited college/university is required. Degree in Finance or Economics is preferred.
  • HIAA designation preferred.
  • A minimum of 1 year group health underwriting experience or related business experience preferred; knowledge of/experience with BCBSMA products/operations strongly preferred.
What We Offer

We offer a comprehensive package of benefits, including paid time off, medical/dental/vision insurance, 401(k), and a suite of well-being benefits to eligible employees.

We are committed to investing in your development and providing the necessary resources to enable your success.

We are dedicated to creating a refreshing and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path.



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