Stop Loss Underwriting Role
At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care. As part of the newly established Stop Loss Center of Excellence, this role will be supporting the Stop Loss Underwriting team. In this role, you will support the organization's ability to achieve its financial and strategic goals through effective underwriting. Identify and manage risk, focused on stop loss risk, to maximize revenue, membership, and earnings. Perform underwriting analysis and risk assessment for new and/or renewal of large group contracts. In this role, you will also support the creation and implementation of underwriting tools and processes, identify relevant techniques, procedures, and methodologies to evaluate new and existing programs, and leverage an array of data sources to develop and implement new underwriting procedures and products.
Additional responsibilities include: facilitating advanced functionalities of underwriting tools, systems, and reference materials to produce accurate, detailed quotes to advance policy renewals and customer knowledge and loyalty; consulting the team on training gaps opportunities, recommending appropriate courses of action including training development and delivery, also mentoring less experienced underwriters to develop subject matter-related technical skills; managing projects, programs, or processes as an Underwriting Tech Lead; developing actionable insights derived from project management tools, data analysis, and stakeholder feedback to drive improvements; collaborating with field sales and account management, reviewing and ensuring timely team completion of complex, high profile underwriting cases, presenting deliverable results to employers, brokers, and consultants; and controlling systems and strategies for reviewing teamwork results for accuracy, while also identifying risks to make recommendations for mitigating risk while growing membership portfolio strength.
Required qualifications include: 7 - 10 years experience in underwriting, 5+ years experience managing projects, programs, or processes in underwriting, and 5+ years experience developing actionable insights to drive improvements.
Preferred qualifications include: 5 plus years' experience focused on underwriting stop loss as well as evaluating risk associated with the stop loss product.
Education: Bachelor's degree preferred. This is a remote or hybrid role, and is not eligible for sponsorship at this time.
Pay Range: The typical pay range for this role is: $67,900.00 - $199,144.00.
Great benefits for great people: We take pride in our comprehensive and competitive mix of pay and benefits investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include: affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan. No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching. Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.