New Business Associate

5 days ago


Towson MD, United States BenefitMall Full time

Job Summary

The New Business Processing Associate will be responsible for evaluating new case and add-on risks, assuring timely and quality underwriting by following standard procedures and guidelines.

Essential Functions

  • Evaluating enrollment materials and detailed medical records to determine underwriting actions.
  • Enrolling new groups and members on carrier's online systems.
  • Reviewing final rates, benefit options, and underwriting requirements.
  • Contacting agents/brokers when a case has been reviewed to request additional information.
  • Generating quotes, based on actual enrollment, to ensure accurate premiums are being sent to the carrier.
  • Notifying agents/brokers of overdue premium payments and status of cases, whether the cases are approved, declined, or withdrawn.
  • Adhering to Company confidentiality standards of information.
  • Assisting in the processing of broker of record change letters and licensing for agents to assure new agents are correctly paid, carrier guidelines are followed, and agents/brokers are properly appointed with each carrier.
  • Answering necessary Broker questions.

Requirements

  • High School diploma or equivalent, Associate degree preferred.
  • Minimum of one (1) year of underwriting or related health insurance experience ideally from a broker office or health insurance carrier.
  • Solid knowledge of group health insurance products and terminology.
  • Basic understanding of underwriting principles.


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