PrestigePEO
Overview
Title:
Underwriting Specialist
Reports to:
VP of Underwriting
Position Summary The underwriting department at Prestige helps to support both new business as well as renewal business on our master health plans. The underwriting team works with outside consultants to assess risk and determine the pricing for new business opportunities for master health plans, and then communicates that pricing and risk profile to the sales team. The department also reviews the performance of Prestige clients on master health plans to monitor ongoing claims and risk to the health plan. This ongoing review helps prepare for the annual renewal of our health plans and to understand what groups may be underfunded or needing additional rate actions to ensure proper premium adequacy.
The underwriting specialist is a key member of the underwriting team in coordinating and evaluating data to set pricing, secure missing information, identify data inconsistencies, enter data into underwriting tools, and manage output. This role works on both new and existing clients in assessing risk, identifying premium shortfalls, and working with cross-functional teams to communicate findings.
Key Responsibilities
Assess risk through Gradient AI and PEO Velocity RAPT tool
Enter data into RAPT for Post Enrollment Audit and evaluate census at 30/60/90 day intervals
Attend monthly performance calls to review carrier/group performance
Work with sales team to ensure accuracy of new business submissions
Quality review rate sheets and plan designs and adjust as needed for new business sales
Provide input into RAPT for carrier change requests
Assist UW team with escalated issues
Attend and participate in meetings with management/leadership
Respond promptly to internal and external requests and escalations
Communicate to management when problems are discovered that affect daily processes; identify operations gaps and work with manager and team for resolution
Identify new and efficient ways to do business and propose to upper management/leadership
Provide training of department staff members as needed
Maintain an ongoing attitude of continuous improvement of processes within the department
Qualifications, Skills and Requirements
Minimum of 2 years’ experience in underwriting
Strong leadership skills and high attention to detail
Strong business communication skills
Ability to quickly learn new processes
Ability to work well independently and as part of a team
Advanced skillset in Microsoft Excel
Ability to manage quote reviews and escalations
Ability to act as underwriting sales liaison
Manage reporting and team projects
This is a Hybrid position, 3 days in the office, 2 days work from home.
Salary is up to $80K based on experience
Job Details
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance and Sales
Industries: Internet Publishing
Referrals increase your chances of interviewing at PrestigePEO.
Islandia, NY — Salary range: $80,000 - $125,000
#J-18808-Ljbffr
Underwriting Specialist
Reports to:
VP of Underwriting
Position Summary The underwriting department at Prestige helps to support both new business as well as renewal business on our master health plans. The underwriting team works with outside consultants to assess risk and determine the pricing for new business opportunities for master health plans, and then communicates that pricing and risk profile to the sales team. The department also reviews the performance of Prestige clients on master health plans to monitor ongoing claims and risk to the health plan. This ongoing review helps prepare for the annual renewal of our health plans and to understand what groups may be underfunded or needing additional rate actions to ensure proper premium adequacy.
The underwriting specialist is a key member of the underwriting team in coordinating and evaluating data to set pricing, secure missing information, identify data inconsistencies, enter data into underwriting tools, and manage output. This role works on both new and existing clients in assessing risk, identifying premium shortfalls, and working with cross-functional teams to communicate findings.
Key Responsibilities
Assess risk through Gradient AI and PEO Velocity RAPT tool
Enter data into RAPT for Post Enrollment Audit and evaluate census at 30/60/90 day intervals
Attend monthly performance calls to review carrier/group performance
Work with sales team to ensure accuracy of new business submissions
Quality review rate sheets and plan designs and adjust as needed for new business sales
Provide input into RAPT for carrier change requests
Assist UW team with escalated issues
Attend and participate in meetings with management/leadership
Respond promptly to internal and external requests and escalations
Communicate to management when problems are discovered that affect daily processes; identify operations gaps and work with manager and team for resolution
Identify new and efficient ways to do business and propose to upper management/leadership
Provide training of department staff members as needed
Maintain an ongoing attitude of continuous improvement of processes within the department
Qualifications, Skills and Requirements
Minimum of 2 years’ experience in underwriting
Strong leadership skills and high attention to detail
Strong business communication skills
Ability to quickly learn new processes
Ability to work well independently and as part of a team
Advanced skillset in Microsoft Excel
Ability to manage quote reviews and escalations
Ability to act as underwriting sales liaison
Manage reporting and team projects
This is a Hybrid position, 3 days in the office, 2 days work from home.
Salary is up to $80K based on experience
Job Details
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance and Sales
Industries: Internet Publishing
Referrals increase your chances of interviewing at PrestigePEO.
Islandia, NY — Salary range: $80,000 - $125,000
#J-18808-Ljbffr