Senior Underwriting Consultant

5 days ago


Los Angeles, California, United States Elevance Health Full time
About the Role

Elevance Health is seeking a highly skilled Senior Underwriting Consultant to join our team. As a key member of our underwriting department, you will be responsible for determining the acceptability of insurance risks and recommending premium rates for large and complex group cases.

Key Responsibilities
  • Calculate renewal rates for large complex cases based on thorough analysis of experience, location, demographics, and other relevant factors.
  • Determine and provide guidance to medical underwriters concerning the risk selection of applicants applying for individual health coverage.
  • Coordinate with other departments to ensure accuracy and consistency of overall account reporting.
  • Propose rates for prospective business utilizing a combination of other carrier experience, demographic data, and manual rates.
  • Prepare or supervise the preparation of annual settlements, ERISA reports, rate projections, or benefit change increments and decrements.
  • Survey existing product portfolios by market, monitor sales results, trends, and needs, and recommend product portfolio changes.
  • Assist in establishing rating and administrative procedures.
  • Participate in major multi-functional teams as underwriting representative.
  • Assist in the technical development of underwriting associates, which may include monitoring reports and workflow to provide recommendations on productivity and efficiency improvements.
  • Update and monitor departmental processes and procedures in compliance with system, regulatory, and business requirements.
Requirements
  • Requires a BA/BS in a related field; Minimum 7 years of related experience; or any combination of education and experience, which would provide an equivalent background.
  • Preferred Skills, Capabilities, and Experiences: CPCU, CLU, LOMA, HIAA, PAHM, or other insurance-related courses preferred.
What We Offer

Elevance Health offers a comprehensive benefits package, incentive and recognition programs, equity stock purchase, and 401k contribution (all benefits are subject to eligibility requirements). The salary range for this position is $96,852.00 to $166,032.00, based on a number of legitimate, non-discriminatory factors set by the company.



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