Underwriting Consultant

Group Underwriting ConsultantThis role requires associates to be in-office 1 - 2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.The Group Underwriting Consultant will be responsible for determining acceptability of insurance risks and appropriate premium rates for large and complex group cases. Position is a technical underwriting expert.How you will make an impact:Calculates renewal rates for large complex cases based on thorough analysis of experience, location, demographics, etc.Determines and provides guidance to medical underwriters concerning the risk selection of applicants applying for individual health coverage.Coordinates with other departments to ensure accuracy and consistency of overall account reporting.Proposes rates for prospective business utilizing a combination of other carrier experience, demographic data and manual rates.Performs post-sale reviews.Prepares or supervises preparation of annual settlements, ERISA reports, rate projections, or benefit change increments and decrements.Surveys existing product portfolios by market, monitors sales results, trends and needs, recommends product portfolio changes.Assists in establishing rating and administrative procedures.Participates in major multi-functional teams as underwriting representative.Assists in the technical development of underwriting associates, which may include monitoring reports and work flow to provide recommendations on productivity and efficiency improvements.Updates and monitors departmental processes and procedures in compliance with system, regulatory and business requirements.Minimum Requirements: Requires a BA/BS in a related field; Minimum 5 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.Demonstrated proficiency in Microsoft Excel, including developing PivotTables, performing lookup functions (VLOOKUP, XLOOKUP, INDEX/MATCH), and utilizing formulas to support data analysis and reporting.Prior underwriting and risk analysis experience strongly preferred.ASO and fully insured experience preferred.For candidates working in person or virtually in the below locations, the salary* range for this specific position is $85,360 to $140,844.Location(s): Illinois; Minnesota; VirginiaIn addition to your salary, Elevance Health offers benefits such as a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.