This list contains only the countries for which job offers have been published in the selected language (e.g., in the French version, only job offers written in French are displayed, and in the English version, only those in English).
We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. This Underwriting Consultant is a part of 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 (Request for Proposal) 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.
Job Responsibility:
Provide guidance and consultation to our Sales and Client Management teams on pricing and stop-loss strategies
Prepare and deliver moderately complex new business quotes, existing business renewals, and/or accountings, while meeting established departmental TAT (turnaround time) goals
Prepare financial projections on prospects, utilizing financial models in Microsoft Excel and Salesforce
Market and place stop loss policies, negotiating terms based upon claims data, strategy, relationships, and cost avoidance/reduction efforts
Work with leaders from key functional areas to understand potential impacts for custom requests
Manage and interpret operational data, and apply to fee development and financial analysis
Present to internal/external customers, constituents, and business partners
Display a clear understanding of the Meritain products and services, along with strong business and systems knowledge
Review work for accuracy and recommend pricing and/or accounting alternatives based on financial analysis, underwriting principals, and business strategy
Develop and participate in presentation to existing and prospective customers, business partners, and internal business areas
Collaborate 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 assist sales and client management personnel in explaining rates/fees and communication of underwriting and stop loss policies
Establish and maintain a positive and productive relationship with sales, client management, our stop loss panel, and internal partners
Requirements:
1-2 years of medical insurance experience, including brokers (producers), carriers, third-party administrators, benefit analysis, underwriting, stop-loss products, rating methodologies, or policy marketing
High school diploma or GED
Nice to have:
Excellent verbal and written communication skills
Exceptional problem solving and decision-making skills
Demonstrated analytical skills
Adept at collaboration and teamwork
Adept at growth mindset (agility and developing yourself and others) skills
Bachelor's degree and/or specialized training certification
Intermediate/advanced Microsoft Excel skills
What we offer:
Affordable medical plan options
401(k) plan (including matching company contributions)
Employee stock purchase plan
No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching