Job Title: Underwriter
Location: VA - Charlottesville
Employment Status: Full Time
Job Requisition Number: 142195
External Description:Underwriter
GENERAL SUMMARY
Underwrites and rates routine to complex employer groups and ensures these
groups remain on a profitable basis. Applies methods used to analyze data in
order to determine financial requirements for prospective and renewal business.
Performs routine underwriting tasks independently and complex duties under
general supervision.
ESSENTIAL RESPONSIBILITIES
- Calculates standard and non-standard renewal and prospective employer group
rates in accordance with regional rating rules and federal and state
regulations.
- Gathers and examines appropriate documentation and data required to calculate
and produce employer group rate renewal packages.
- Interprets actuarial data and applies judgment as to actuarial and
underwriting considerations in appropriately pricing products.
- Evaluates the appropriateness of employer group rates. Monitors and enforces
current underwriting policies as they relate to employer groups.
- Assists sales personnel in explaining rate calculations and underwriting
policy if needed.
- Ensures the quality and integrity of account specific data and information
released to the sales force.
- Ensures the timely completion of renewals, proposals, account reports and
monthly departmental reports associated with the underwriting function.
- Calculates broker commissions and oversees and enforces broker payment
procedures and rules for employer group rating.
- Serves as liaison with other departments for coordinated projects.
- Tests computer applications of new rating methods.
- Performs other duties as required.
JOB SPECIFICATIONS
- Bachelor’s degree or equivalent experience.
- Previous (usually 2+ years) experience in underwriting or analytical
experience.
- Knowledgeable of all federal and state laws and regulations regarding
operation of the Program including licensure and audit of contractual services.
- Good understanding of the formula and basic underwriting principles.
- Knowledge of statistical and computer information systems.
- Previous health care contract and services rate administration experience
desirable.
Tags: mortgage, mortgage jobs, underwriter job, underwriting
