Underwriting Consultant

Overview

Underwriting Consultant role at Risk Strategies Company. This position provides underwriting and financial support to assigned clients, supports prospect reviews and marketing for new business, and requires negotiation and communication skills. The role assists in developing benefit strategies and meeting client goals and objectives. Candidates should be knowledgeable about employer-sponsored health & welfare plans and the federal and state regulations that affect these plans.

• Underwrite health coverages; project future renewals/plan costs and evaluate carrier renewal actions for fully insured, minimum premium, level-funded and self-insured accounts.
• Utilize actuarial modeling tools to develop alternative strategies, plan design offerings and cost reduction plans. Evaluate the impact of migration and selection.
• Complete standard client-facing monthly reports including claims, enrollment and large claim activity; transmit to client with appropriate commentary.
• Create and present alternative funding modeling.
• Evaluate and critique carrier/TPA utilization data; use data to identify cost drivers and develop financial strategies.
• Prepare premium equivalent rates for self-funded clients, including COBRA rates.
• Evaluate carrier renewal calculations and the financial impact of PPACA and other benefits-related legislation.
• Evaluate network discounts and conduct stop loss marketing and negotiations, evaluating and presenting stop loss proposals.
• Evaluate PEOs, captive arrangements, reference-based pricing and pharmacy contracts for client consideration.
• Evaluate impact of mergers & acquisitions on plan costs. Stay current on cost containment strategies and benefits-related legislation.
• Participate in client meetings/conference calls as needed and join underwriting calls with carriers to assist in renewal negotiations.
• Conduct pre-sale financial reviews of new business opportunities along with presentations to prospects.

• Bachelor’s degree (BA/BS) required.
• Minimum 10 years of underwriting experience in group medical underwriting, at carrier and/or consulting firm.
• Strong technical and analytical skills; excellent verbal and written communication.
• Ability to work independently and collaboratively with a team of benefit professionals.
• Ability to manage projects using internal and external resources; strong problem-solving and critical thinking skills.
• Ability to manage multiple tasks with effective time management and decision-making skills; attention to detail.
• Life, Accident and Health Insurance License required; GBA or CEBS Certification a plus.

$84,200.00/yr - $/yr

Risk Strategies is a private US brokerage firm offering risk management, insurance and reinsurance placement with multiple offices and a broad suite of services in property & casualty, employee benefits, private client services, and consulting. The company emphasizes Environmental, Social, and Governance issues and has been recognized as a Best Places to Work in Insurance and on the Inc. 5000 list.

Senior Talent Acquisition Partner - Northeast Region at Risk Strategies Company is cited in the description as a hybrid opportunity with onsite presence in New York, NY. This section is provided to preserve context from the original posting but has been streamlined to focus on the Underwriting Consultant role.