Senior Underwriting Consultant
CVS Pharmacy - Amherst, NY
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Job DescriptionThis Underwriting role is for Meritain Health, an independent subsidiary of Aetna and CVS, and one of the nation's largest employee benefits administrators. We have the resources of a national carrier coupled with the unique flexibility and devoted service of a third-party administrator (TPA).The Meritain Health underwriting department supports the attainment of organizational goals through the issuance of prospective and existing business quotations and proposals. Including administrative fee pricing, stop loss, RFP questionnaire responses, and plan consultation.This fully-remote position will have the opportunity to work on a diversified book of business including Mid-Market, Select/Key Accounts, Small Group, and our Captive/Alternate channels. Responsibilities Include: Provide guidance and consultation to our Sales and Client Management teams on pricing and stop loss strategies Prepares and issues quotations and other financial deliverables for prospective and existing business while meeting established departmental TAT goals. Prepares financial projections on prospects utilizing financial models in Excel and Salesforce. Marketing and placement of stop loss policies, negotiating terms based upon claims data, strategy, relationships. and cost avoidance/reduction efforts. Works with leaders from key functional areas to understand potential impacts for custom requests. Manages and interprets operational data and applies to fee development and financial analysis. Presents to internal/external customers, constituents, and business partners Displays a clear understanding of the Meritain products and services along with strong business and systems knowledge Develops and participates in presentation to existing and prospective customers, business partners and internal business areas. Collaborates with leadership in Sales to determine the appropriate product mix to issue on proposals that target reducing total cost of care for the plan sponsor. Independently assists sales and client management personnel in explaining rates/fees and communication of underwriting and stop loss policies. Establishes and maintains a positive and productive relationship with sales, client management, our stop loss panel and internal partners. A Senior Underwriter will be assigned complex accounts, operates at a mastery level, and will actively participate in projects and departmental efforts such as on-boardingPay RangeThe typical pay range for this role is:Minimum: 60,300Maximum: 126,600Please keep in mind that this range represents the pay range for all positions in the job grade within which this position falls. The actual salary offer will take into account a wide range of factors, including location.Required Qualifications 3-5 Years of applicable medical insurance experience: brokers (producers), carriers, third-party administrators, benefit analysis, underwriting, rating methodologies, or policy marketing, etc. Excellent verbal and written communication skills Exceptional problem solving and decision-making skills Demonstrated analytical skills Intermediate/Advanced ExcelCOVID RequirementsCOVID-19 Vaccination RequirementCVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated. You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.Preferred Qualifications- Bachelor's or Master's Degree- Experience with third-party administrators and/or in stop loss marketing, stoploss carrier rating or producer marketing and placement- Advanced Excel skills- Experience with SalesforceEducationHigh School Diploma or equivalent is requiredBusiness OverviewBring your heart to CVS HealthEvery one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand - with heart at its center - our purpose sends a personal message that how we deliver our services is just as important as what we deliver.Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.
Created: 2024-09-07