College Co-op: Underwriting Analyst

About the Hiring Department:

The key functions of the Underwriting Department include Developing rate renewals, creating rate quotes and rate proposals, serving in a consultative capacity with brokers, customers and benefit consultants, issuing and maintaining alternative financial arrangement agreements, auditing and compliance

Co-op Job Description:
• Process and audit all New Business submissions for PA MID accounts.
• Monitor incoming quotes daily to ensure timely processing.
• Request all required documents needed for underwriters to complete their evaluations.
• Review submitted materials to identify missing or incomplete information.
• Partner with the Sales team to obtain any additional information necessary to complete submissions.
• Organize and maintain case folders for all PA MID New Business submissions.
• Assign New Business cases to underwriters and update assignment details accurately within the InFocus system.
• Gather and prepare all required materials for small to mid-conversion quotes-including benefit summaries, census files, and applicable small-group renewals.
• Daily Review of Concession Submission Requests (New Business and Renewals)
• Monitor all concession requests daily to ensure timely review and prevent items from being overlooked.
• Run and analyze reports such as Care Ratio and High Claimant (HC) reports for concession evaluation.
• Request Risk Assessment reviews when appropriate to support timely evaluation of significant claimant activity.
• Provide administrative and operational support to management, including generating weekly reports and completing additional assigned tasks.

Required Skills

• Strong quantitative and mathematical aptitude
• Basic working knowledge of Microsoft Excel
• High attention to detail with strong analytical thinking skills
• Effective time management and ability to prioritize workflows
• Strong organizational skills, including file organization and records management
• Clear written and verbal communication skills
• Proven problem-solving ability and adaptability in high-volume, fast-paced environments

Accepted Majors

• Risk Management & Insurance
• Actuarial Science
• Finance
• Health Administration
• Health Services Management
• Insurance Studies
• Statistics

Academic Classification

• Junior or Senior undergraduate students
• Recent graduates (within one year of the program start date)

Minimum GPA Requirement

• 3.25 or higher

Independence Blue Cross is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.

Must have an Android or iOS device which is compatible with the free Microsoft Authenticator app.