What are the responsibilities and job description for the Underwriter Senior, Geisinger Health Plan (Eastern United States resident) position at Geisinger?
Job Summary
We are seeking a highly skilled and detail-oriented Senior Underwriter– serving as an individual contributor- with strong expertise in Administrative Services Only (ASO), Stop Loss, and Pharmacy risk evaluation and pricing to join our dynamic team. In this role, you will independently evaluate risk, deploy pricing strategies, and ensure sustainable growth across our self-funded product lines.
Job Duties
Calculates premium rate proposals and develops product portfolios for new client groups and renewal business. Contributes to the achievement of the financial and marketing objectives for the thorough assessment of group risk, the expected cost to deliver services, the expected marketability and competitiveness of health care services that will result in profitable enrollment. Uses actuarial data in standard application of various rating methodologies and formulas and identifies potential areas for application of underwriting judgment. Confers with management to identify and develop methods and procedures to obtain greater efficiency. Provides support to Management relative to financial forecasting, profitability and expense analysis, and assigned special projects.
Position Details
Education
Associate's Degree- (Required)
Experience
Minimum of 7 years-Related work experience (Required)
Certification(s) and License(s)
OUR PURPOSE & VALUES: Everything we do is about caring for our patients, our members, our students, our Geisinger family and our communities. KINDNESS: We strive to treat everyone as we would hope to be treated ourselves. EXCELLENCE: We treasure colleagues who humbly strive for excellence. LEARNING: We share our knowledge with the best and brightest to better prepare the caregivers for tomorrow. INNOVATION: We constantly seek new and better ways to care for our patients, our members, our community, and the nation. SAFETY: We provide a safe environment for our patients and members and the Geisinger family We offer healthcare benefits for full time and part time positions from day one, including vision, dental and domestic partners. Perhaps just as important, from senior management on down, we encourage an atmosphere of collaboration, cooperation and collegiality. We know that a diverse workforce with unique experiences and backgrounds makes our team stronger. Our patients, members and community come from a wide variety of backgrounds, and it takes a diverse workforce to make better health easier for all. We are proud to be an affirmative action, equal opportunity employer and all qualified applicants will receive consideration for employment regardless to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or status as a protected veteran.
We are seeking a highly skilled and detail-oriented Senior Underwriter– serving as an individual contributor- with strong expertise in Administrative Services Only (ASO), Stop Loss, and Pharmacy risk evaluation and pricing to join our dynamic team. In this role, you will independently evaluate risk, deploy pricing strategies, and ensure sustainable growth across our self-funded product lines.
Job Duties
Calculates premium rate proposals and develops product portfolios for new client groups and renewal business. Contributes to the achievement of the financial and marketing objectives for the thorough assessment of group risk, the expected cost to deliver services, the expected marketability and competitiveness of health care services that will result in profitable enrollment. Uses actuarial data in standard application of various rating methodologies and formulas and identifies potential areas for application of underwriting judgment. Confers with management to identify and develop methods and procedures to obtain greater efficiency. Provides support to Management relative to financial forecasting, profitability and expense analysis, and assigned special projects.
- Analyze the risk of a group and calculate premium rates for new and renewal clients adhering to regulatory requirements, underwriting guidelines and pricing strategies to achieve target financial results.
- Analyze claims experience, demographics, benefit plans, group attributes and competitor data. Applies underwriting judgment as appropriate.
- Complete Request for Proposals providing explanations of rate action, configuration of benefits and market position to sales, client, broker, or consultant. Organizes proposal questionnaire responses to consulting firms.
- Presents key accounts to all levels of management providing an explanation of premium rating strategies, product offerings and market position specific to the account.
- Conducts conference calls with the clients and sales to interpret the renewal and new business proposal rating, negotiating premium reductions as part of these calls.
- Assists with designing and implementing rating models. Recommends measures to improve efficiency and ensure accuracy.
- Acts as a department resource for co-workers, sales, and inter-departmental projects
- Assists in preparing various management reports to analyze the financial risk for the health plan. Utilizes a high level of experience in Excel and reporting programs for special analysis
Position Details
Education
Associate's Degree- (Required)
Experience
Minimum of 7 years-Related work experience (Required)
Certification(s) and License(s)
OUR PURPOSE & VALUES: Everything we do is about caring for our patients, our members, our students, our Geisinger family and our communities. KINDNESS: We strive to treat everyone as we would hope to be treated ourselves. EXCELLENCE: We treasure colleagues who humbly strive for excellence. LEARNING: We share our knowledge with the best and brightest to better prepare the caregivers for tomorrow. INNOVATION: We constantly seek new and better ways to care for our patients, our members, our community, and the nation. SAFETY: We provide a safe environment for our patients and members and the Geisinger family We offer healthcare benefits for full time and part time positions from day one, including vision, dental and domestic partners. Perhaps just as important, from senior management on down, we encourage an atmosphere of collaboration, cooperation and collegiality. We know that a diverse workforce with unique experiences and backgrounds makes our team stronger. Our patients, members and community come from a wide variety of backgrounds, and it takes a diverse workforce to make better health easier for all. We are proud to be an affirmative action, equal opportunity employer and all qualified applicants will receive consideration for employment regardless to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or status as a protected veteran.