Group Underwriter reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Group Underwriter calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Group Underwriter may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Group Underwriter work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Group Underwriter typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
HealthPartners is currently hiring an Underwriter to support our Large Group Underwriting team. They will evaluate the risk on individual applicants or group cases through the use of medical or experience underwriting.
ACCOUNTABILITIES:
For employees working in the Large Group Underwriting role:
Calculate F/I renewal and prospect rates.
Prepare basic S/I renewal and prospect rates.
Prepare benefit alternatives.
Present risk issues to Management.
Understand Employer Reports.
Participate in the streamlining of the underwriting process.
Keep abreast of changes in laws/legislation/competitors.
REQUIRED QUALIFICATIONS:
Bachelor's Degree in Mathematics, Finance, or related field or equivalent work experience.
Minimum of two years medical or group underwriting experience.
Intermediate computer skills using Microsoft Office products or comparable applications.
Strong oral and written communication skills.
Strong analytical and problem solving skills.
High degree of math aptitude.
Ability to work independently.