GROUP UNDERWRITING CONSULTAN

GROUP UNDERWRITING CONSULTANT

MILWAUKEE, WI 

Finance / Accounting - Policy Underwriting

Exp 5-7 yrs

Deg Bach

Relo

Bonus

Travel

Job Description

Responsible for determining acceptability of insurance risks and appropriate premium rates for large and complex group cases. Position is a technical underwriting expert.

Primary duties may include, but are not limited to:

- 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.

Qualifications

Requires a BA/BS in a related field; 5 years of related experience; or any combination of education and experience, which would provide an equivalent background. CPCU, CLU, LOMA, HIAA, PAHM or other insurance related courses preferred