Senior Financial Underwriting Consultant

About Blue Cross and Blue Shield of Minnesota

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. We are looking for dedicated and motivated individuals who share our vision of transforming healthcare. As a Blue Cross associate, you are joining a culture that is built on values of succeeding together, finding a better way, and doing the right thing.

If you are ready to make a difference, join us.

Blue Cross and Blue Shield of Minnesota is hiring a Senior Financial Underwriter Consultant in Eagan, MN. As a Senior Financial Underwriter Consultant, you will support large employer accounts, applying advanced underwriting expertise across predominantly self‑funded medical and pharmacy solutions, including complex Medical and Pharma RFPs. The position leads or contributes to enterprise‑wide initiatives and new product, system, and financial design, while performing sophisticated risk analysis, negotiation, and consultative problem‑solving.

The Underwriter independently manages a large block of complex accounts, partners closely with sales, actuarial, legal, and account management teams, and translates technical concepts into clear, actionable insights for stakeholders. Additionally, this role serves as a subject‑matter expert to the organization, mentoring junior staff and acting as a trusted cross‑functional advisor with a strong focus on accuracy, deadlines, and detail.

The ideal candidate is a proven healthcare underwriter with at least six years of experience in both self‑insured and fully insured environments. They bring expertise in pharmacy pricing, stop‑loss strategies, and analyzing complex data to build competitive proposals. Comfortable with high‑volume cases and carrier reports, they can quickly step in and contribute. We’re looking for a self‑starter with a growth mindset, someone who thrives in a dynamic environment and thinks strategically across all underwriting components.

• Analyze and evaluate existing and new business complex risk for all funding types.
• Complete financial analysis for settlements and agreements for self‑insured groups.
• Provide communication to internal and external customers, expressing complex concepts in understandable terms.
• Coordinate with others on new product development to determine product structure and design, corporate financial impact, systems capabilities, underwriting rating policies, legal implications, and contract language.
• Keep abreast of changes in state and federal healthcare legislation.
• Represent department or division in lieu of management.
• Plan, organize and direct special underwriting projects that include underwriting methodology, data analysis, financial policies, rating systems, and corporate health initiatives.
• Participate or lead the underwriting training programs, from needs assessment, material design, delivery/training, and evaluation to ensure consistent application of underwriting policies and methodology.
• Provide consultation, technical guidance, documentation and training to other departments, underwriting management and staff, promoting education and transparency.

• 6+ years of related (Healthcare Financial Underwriting) professional experience. All relevant experience including work, education, transferable skills, and military experience will be considered.
• Comprehensive knowledge of health insurance industry, competitive environment, underwriting guidelines, principles of risk selection, funding types and contractual agreements.
• Strong proficiency in Excel, Word, Adobe, and Access.
• Advanced analytic and interpretive skills with well‑developed problem solving ability.
• Proven ability to work independently, as well as leading or participating in a team environment.
• Strong relationship building ability.
• Demonstrated verbal and written communication skills, with presentation experience.
• Proven success with negotiation and collaboration.
• Demonstrated ability to think and plan strategically.
• High school diploma (or equivalency) and legal authorization to work in the U.S.

• Bac…