Senior Insurance Risk Analyst
6 days ago
Role Overview
The Core Manual underwriting team at Blue Shield of California plays a crucial role in balancing operating income and membership goals while protecting the company's bottom line from loss. As a Senior Insurance Risk Analyst, you will report to the Group Underwriting Manager and contribute directly to the company achieving its financial and strategic goals for employer accounts with 101 or more eligible subscribers.
Your Responsibilities
- Collect, review, and analyze customer-specific information, including financial condition, employee demographics, carrier history, and previous claim experience to determine risk, potential benefit features, and premium rates for fully insured groups requiring minimal customization.
- Underwrite new and renewal business by calculating monetary risk along with amendments to existing contracts.
- Assist as necessary in negotiating benefit plan designs and financial assumptions with sales teams on new and renewed business.
- Review and approve all sales requests within company-established standards and policy guidelines.
- Review and interpret ad hoc reports as requested and produce ongoing reports.
- May assist the sales team in implementing new and existing contracts by reviewing final enrollment numbers.
- Provides underwriting knowledge sharing and education to peers and/or members of the sales team.
Your Qualifications
- Requires a bachelor's degree in a related field such as finance, mathematics, or accounting and/or an equivalent combination of education and experience.
- Requires at least 3 years of prior relevant experience.
- Requires working knowledge of underwriting principles and procedures.
- Requires demonstrated math/statistical, analytical, and problem-solving skills.
- Requires an attention to detail and accuracy and understanding of the company's revenue, operating income, and membership goals.
- Requires ability to solve complex problems with sometimes ambiguous information.
- Requires good time management and customer service skills.
Compensation
The pay range for this role is $71,280.00 to $99,770.00 per year for California residents. Note that this range represents the pay range for this and many other positions at Blue Shield that fall into this pay grade. Blue Shield salaries are based on a variety of factors, including the candidate's experience, location (California, Bay Area, or outside California), and current employee salaries for similar roles.
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