Underwriting Consultant

Role Description

This Underwriting Consultant is a part of Meritain Health, an independent subsidiary of Aetna and CVS, and one of the nation's largest employee benefits administrators. We have the resources of a national carrier, coupled with the unique flexibility and devoted service of a third-party administrator (TPA).

The Meritain Health underwriting department supports the attainment of organizational goals through the issuance of prospective and existing business quotations and proposals, including administrative fee pricing, stop-loss, RFP (Request for Proposal) questionnaire responses, and plan consultation.

This fully remote position will have the opportunity to work on a diversified book of business, including Mid-Market, Select/Key Accounts, Small Group, and our Captive/Alternate channels.

Responsibilities Include:

• Provide guidance and consultation to our Sales and Client Management teams on pricing and stop-loss strategies.
• Prepare and deliver moderately complex new business quotes, existing business renewals, and/or accountings, while meeting established departmental TAT (turnaround time) goals.
• Prepare financial projections on prospects, utilizing financial models in Microsoft Excel and Salesforce.
• Market and place stop loss policies, negotiating terms based upon claims data, strategy, relationships, and cost avoidance/reduction efforts.
• Work with leaders from key functional areas to understand potential impacts for custom requests.
• Manage and interpret operational data, and apply to fee development and financial analysis.
• Present to internal/external customers, constituents, and business partners.
• Display a clear understanding of the Meritain products and services, along with strong business and systems knowledge.
• Review work for accuracy and recommend pricing and/or accounting alternatives based on financial analysis, underwriting principals, and business strategy.
• Develop and participate in presentation to existing and prospective customers, business partners, and internal business areas.
• Collaborate with leadership in Sales to determine the appropriate product mix to issue on proposals that target reducing total cost of care for the plan sponsor.
• Independently assist sales and client management personnel in explaining rates/fees and communication of underwriting and stop loss policies.
• Establish and maintain a positive and productive relationship with sales, client management, our stop loss panel, and internal partners.

Qualifications

• 1-2 years of medical insurance experience, including brokers (producers), carriers, third-party administrators, benefit analysis, underwriting, stop-loss products, rating methodologies, or policy marketing.

Requirements

• Excellent verbal and written communication skills.
• Exceptional problem solving and decision-making skills.
• Demonstrated analytical skills.
• Adept at collaboration and teamwork.
• Adept at growth mindset (agility and developing yourself and others) skills.
• Bachelor's degree and/or specialized training certification.
• Intermediate/advanced Microsoft Excel skills.

Benefits

• Comprehensive benefits package designed to support the physical, emotional, and financial well-being of colleagues and their families.
• Medical, dental, and vision coverage.
• Paid time off.
• Retirement savings options.
• Wellness programs and other resources, based on eligibility.