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POSITION SUMMARY

Support Aetna’s ability to achieve its financial and strategic goals through effective underwriting. Underwriting support primarily includes identifying, evaluating, and managing risk in order to maximize revenue, membership and earnings.
Performs accurate underwriting analysis and risk assessment for new and/or renewal of large group contracts. Assigned cases/book of business will include multiple product types, funding arrangements and/or rating methodologies. This position requires underwriting technical knowledge at a mastery level. In addition to working on complex or high profile cases, responsibilities may include training, mentoring and project work. May support Underwriting Unit Leader as backup.
Responsibilities include but not limited to:
Prepare and deliver complex, high profile new business quotes and/or existing business renewals.
Collaborate with field sales and account management on complex or high-profile cases. Presents information to employers, brokers, and consultants.
Independently review work for accuracy, identify risks and make recommendations to manage risk while growing or retaining membership.
Utilize advanced functionality of underwriting tools, systems, and reference materials to produce accurate quotes and/or renewals.
Grant underwriting exceptions/financial variances for their assigned cases within the authority limit for the position.
Advanced understanding of the rate and/or administrative fee development, pricing components, and application of underwriting policies. Independently negotiate pricing and escalate exceptions outside authority limit to manager.
Produce timely and accurate customer specific documents, deliverables, and account related information. Ensure the pricing supports the quote/renewal strategy. Peer review others work for accuracy.
Assist department with projects or workgroups. Proactively identify and may lead process improvement through automation or process change.
Identify training gaps and recommend an appropriate course of action including development and delivery of training.
Mentors less experienced underwriters in development of technical skills or specific subject matter.
From a client relationship standpoint, candidate would be expected to have some customer facing meetings that would require them to comfortably talk through a particular renewal workup or a new business position.
Ensure all underwriting practices comply with relevant industry regulations and company policies as well as the complex intricacies related to the International industry.

BACKGROUND/EXPERIENCE

Bachelor’s degree or equivalent years of experience
5+ years’ experience in underwriting pricing methodologies and funding arrangements.
Prior healthcare underwriting experience
In-depth knowledge of rating and/or accounting and underwriting concepts preferred.
Demonstrated analytical and independent thinking skills.
Excellent written and verbal communication skills.
Must be able to communicate effectively with internal and external constituents.
Ability to use standard corporate software packages and corporate applications.

EDUCATION REQUIREMENTS

Bachelor’s degree or equivalent experience.

Please refer the Job description for details