Underwriter I, II, III, Senior, or Lead
Underwriter I, II, III, Senior, or Lead
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$ 53000 - 88000
1 Vacancy
Job Description
Underwriter I II III Senior or Lead
Work from Home within Oregon Washington Idaho or Utah
Build a career with purpose. Join our Cause to create a personfocused and economically sustainable health care system.
Who We Are Looking For:
Every day Cambias dedicated team of Underwriters is living our mission to make health care easier and lives better. As a member of the Underwriting team our Underwriters evaluates each assigned groups risk and attaches the appropriate rate all in service of creating an economically sustainable health care system.
Do you have a passion for serving others and learning new things Do you thrive as part of a collaborative caring team Then this role may be the perfect fit.
What You Bring to Cambia:
Qualifications:
The Underwriter I would have a Bachelors degree in business math statistics or related discipline or an equivalent combination of education and experience.
The Underwriter II would have a Bachelors degree in business math statistics or related discipline and a minimum of 2 years related experience or an equivalent combination of education and experience.
The Underwriter III would have a Bachelors degree in business math statistics or related discipline and a minimum of 4 years related experience or an equivalent combination of education and experience.
The Underwriter Senior would have a Bachelors degree in business math statistics or related discipline and a minimum of 6 years related experience or an equivalent combination of education and experience.
The Underwriter Lead would have a Bachelors degree in business math statistics or related discipline and a minimum of 8 years related experience or an equivalent combination of education and experience.
Skills and Attributes:
Demonstrated analytical and problem solving skills.
Business sense including: finance accounting economics and risk management principles.
Effective verbal and written communications.
Ability to build and maintain positive internal and external customer interactions.
Ability to prioritize tasks and meet deadlines.
Demonstrated technology proficiency including Excel Word and applicable software applications.
Additional Requirements for Underwriter II:
Demonstrated success with managing competing priorities and workload.
Additional Requirements for Underwriter III:
Demonstrated proficiency working with complex computer software systems and automation.
Ability to effectively explain complex mathematical and abstract concepts to a variety of stakeholders including those with less familiarity and/or understanding.
Additional Requirements for Underwriter Senior:
Proven understanding of business including: finance accounting economics and risk management.
Demonstrated attainment of a high level of independent consistent performance.
Ability to organize plan prioritize and complete complex assignments with little or no supervision.
Demonstrated ability to read the marketplace and competitive environment.
Additional Requirements for Underwriter Lead:
Highly developed business acumen finance accounting economics and risk management.
Demonstrated project management skills of widescale.
Demonstrated success in oversight of work programs and providing effective guidance on process and practice.
What You Will Do at Cambia:
Approves renewal changes after verifying rates and product selection.
Audits both new and renewing groups as necessary.
Determines rates for alternative benefit variations.
Ensures that group participation requirements are met.
Prepare rate filings.
Follows underwriting guidelines policies procedures and formulas in developing rates for new and renewal groups.
Gathers the appropriate data used to determine the status of account refunds.
Maintains spreadsheet information on group renewal history.
Prepares memos and other correspondence to communicate changes in rates or benefits which have been approved by underwriting management.
Processes the appropriate paperwork associated with renewal rate action and proposal closing.
Supports internal sales staff regarding underwriting questions and/or resolves issues.
Effectively communicates Underwriting decisions to other departments when necessary.
Additional Responsibilities for Underwriter II:
May determine rates for alternative benefit variations and funding arrangements.
Assist in the training process and mentoring of more junior level Underwriters.
Prepares contingent premium settlements.
Prepares the rate quotations and completes bid specifications.
Processes group financial settlement calculations.
Reviews and determines whether or not to grant exception requests.
Supports management reporting efforts and the development of automated rating and analysis tools.
Additional Responsibilities for Underwriter III:
May determine rates for alternative benefit variations and more complex funding arrangements.
Actively involved in the preparation and maintenance of underwriting guidelines and rating policy.
Actively involved with testing new rating underwriting and front end systems.
Answers questions regarding the basic factors used in developing rates (group size type of benefits age/gender composition large claims experience provided from the prior carrier current rates).
Answers questions regarding the rate model and how it impacts rates in accordance with particular group demographic changes.
Assesses health risk in a group environment (performs large claim analysis for ongoing claim cost).
Develops prospective and renewal rates for group accounts in accordance with corporate and underwriting guidelines.
Reviews and determines whether or not to grant exceptions to underwriting policy.
Ensures the proper administration of underwriting and legislative guidelines for new and renewing groups.
Handles large volume production with account specific issues (I.e. reinstatements eligibility standards group identification criteria etc)
Maintains a working knowledge of State and Federal regulations affecting group rating.
Prepares rate breakouts and hierarchy definitions for group setups.
Reviews and directs the preparation of experience reports for fiscal ERISA and contingent premium settlements.
May meet with external customers brokers or account representatives to review underwriting calculations and provide explanations for rating principles.
May prepare written summaries of recommendations and/or conditions of coverage for the group after completion of each analysis.
May prepare an explanation of the past rating history documenting benefit and enrollment changes and providing a recommendation for benefit and financial options.
Additional Responsibilities for Underwriter Senior:
Contribute to timely and accurate productivity by assisting the Manager in education to new Underwriters.
Attends broker meetings as well as meetings with sales executives agents and/or groups to provide explanations of rating principles or rationale of rating positions.
Contributes to the development of new rating formulas methodologies and guidelines.
Represent underwriting on Cambia workgroups and strategy sessions and serves as department representative where applicable.
Additional Responsibilities for Underwriter Lead:
Responsible for the assignment of workload and ensuring smooth operations.
Tracking timeliness and quality of work output.
May be responsible for peer review and signoff.
The expected hourly hiring range for a Underwriter I is $22.70 $33.35 depending on skills experience education and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 5%. The current full hourly range for this role is $21.30 to $37.70.
The expected hiring range for a Underwriter II is $58000.00 $77050.00 depending on skills experience education and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 5%. The current full salary range for this role is $53000.00 to $88000.00.
The expected hiring range for a Underwriter III is $68900.00 $93150.00 depending on skills experience education and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 10%. The current full salary range for this role is $64000.00 to $106000.00.
The expected hiring range for a Underwriter Sr is $83300.00 $111600.00 depending on skills experience education and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 10%. The current full salary range for this role is $78000.00 to $128000.00.
The expected hiring range for a Underwriter Ld is $91800.00 $123100.00 depending on skills experience education and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 15%. The current full salary range for this role is $86000.00 to $141000.00.
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About Cambia
Working at Cambia means being part of a purposedriven awardwinning culture built on trust and innovation anchored in our 100 year history. Our caring and supportive colleagues are some of the best and brightest in the industry innovating together toward sustainable personfocused health care. Whether were helping members lending a hand to a colleague or volunteering in our communities our compassion empathy and team spirit always shine through.
Why Join the Cambia Team
At Cambia you can:
- Work alongside diverse teams building cuttingedge solutions to transform health care.
- Earn a competitive salary and enjoy generous benefits while doing work that changes lives.
- Grow your career with a company committed to helping you succeed.
- Give back to your community by participating in Cambiasupported outreach programs.
- Connect with colleagues who share similar interests and backgrounds through our employee resource groups.
We believe a career at Cambia is more than just a paycheck and your compensation should be too. Our compensation package includes competitive base pay as well as a marketleading 401(k) with a significant company match bonus opportunities and more.
In exchange for helping members live healthy lives we offer benefits that empower you to do the same. Just a few highlights include:
- Medical dental and vision coverage for employees and their eligible family members including mental health benefits.
- Annual employer contribution to a health savings account.
- Generous paid time off varying by role and tenure in addition to 10 companypaid holidays.
- Marketleading retirement plan including a company match on employee 401(k) contributions with a potential discretionary contribution based on company performance (no vesting period).
- Up to 12 weeks of paid parental time off (eligibility requires 12 months of continuous service with Cambia immediately preceding leave).
- Awardwinning wellness programs that reward you for participation.
- Employee Assistance Fund for those in need.
- Commute and parking benefits.
Learn more about our benefits.
We are happy to offer work from home options for most of our roles. To take advantage of this flexible option we require employees to have a wired internet connection that is not satellite or cellular and internet service with a minimum upload speed of 5Mb and a minimum download speed of 10 Mb.
We are an Equal Opportunity employer dedicated to a drug and tobaccofree workplace. All qualified applicants will receive consideration for employment without regard to race color national origin religion age sex sexual orientation gender identity disability protected veteran status or any other status protected by law. A background check is required.
If you need accommodation for any part of the application process because of a medical condition or disability please email . Information about how Cambia Health Solutions collects uses and discloses information is available in our .
Employment Type
Full-Time
