Group Underwriting Consultant - Anthem Balanced Funding

Job Title

Group Underwriting Consultant – Anthem Balanced Funding

This role requires associates to be in-office 1‑2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work‑life balance. Alternate locations may be considered if candidates reside within a commuting distance from an office. Candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

The Group Underwriting Consultant – Anthem Balanced Funding will be responsible for determining acceptability of insurance risks and appropriate premium rates for large and complex Level Funding group cases. The position is a technical underwriting expert.

• Calculating renewal rates for large complex Level Funding cases based on thorough analysis of experience, location, demographics, etc.
• Determining and providing guidance to medical underwriters concerning the risk of selecting applicants applying for individual health coverage.
• Coordinating with other departments to ensure accuracy and consistency of overall account reporting.
• Proposing rates for prospective business utilizing a combination of other carrier experience, demographic data and manual rates.
• Performing post‑sale reviews.
• Preparing or supervising preparation of annual settlements, ERISA reports, rate projections, or benefit change increments and decrements.
• Surveying existing product portfolios by market, monitoring sales results, trends and needs, and recommending product portfolio changes.
• Assisting in establishing rating and administrative procedures.
• Participating in major multi‑functional teams as underwriting representatives.
• Assisting in the technical development of underwriting associates, which may include monitoring reports and workflow to provide recommendations on productivity and efficiency improvements.
• Updating and monitoring departmental processes and procedures in compliance with system, regulatory and business requirements.

• Requires a BA/BS in a related field; minimum 5 years of related experience; or any combination of education and experience that provides an equivalent background.

• Level‑funded plan expertise:
  Experience with level‑funded health plans, including how they’re priced, underwritten, and renewed, preferred.
• Progress toward or completion of relevant designations/certifications (e.g., CPCU, CLU, LOMA, HIAA, or similar), preferred.
• Ability to clearly explain pricing/risk decisions and negotiate effectively with Sales and internal stakeholders, preferred.
• Making consistent decisions within guidelines and escalating issues appropriately, preferred.
• Managing deadlines, partnering cross‑functionally, and ensuring accuracy in data and reporting, preferred.
• Demonstrated openness to coaching and mentoring senior analysts and junior‑level associates, preferred.

• Salary range: $93,896 to $147,246 for candidates working in person or virtually in the following locations:
  California, Colorado, Illinois, Minnesota, New Jersey.

• Comprehensive benefits package, incentive and recognition programs, equity stock purchase plan, 401(k) contribution, medical, dental, vision, disability benefits, and more.

The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. No amount is wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans.

The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.