Underwriter - Premera Blue Cross
Mountlake Terrace, WA 98043
About the Job
**Join Our Team: Do Meaningful Work and Improve People's Lives**
Our purpose, to improve customers' lives by making healthcare work better, is far from ordinary. And so are our employees. Working at Premera means you have the opportunity to drive real change by transforming healthcare.
To better serve our customers, we're creating a culture that promotes employee growth, collaborative innovation, and inspired leadership. We are committed to creating an environment where employees can do their best work and where best-in-class talent comes, stays, and thrives! As a result of these efforts we are proud to share that Forbes ranked Premera among America's 2023 Best Midsize Employers (https://www.forbes.com/lists/best-midsize-employers/?sh=58210f5e210f) and America's 2023 Best Employers By State (https://www.forbes.com/lists/best-employers-by-state/?sh=21c7c3d1983b) .
Learn how Premera supports our members, customers and the communities that we serve through our Healthsource blog: https://healthsource.premera.com .
As an **Underwriter** , you will support Premera's corporate financial and membership goals by evaluating and selecting risk, using internal systems, formulas, data and data sources, in addition to external data and data sources. This role offers the opportunity to acquire a specialized skill set, continued career growth, and a collaborative work environment.
**This role can be hired into as a Level II or a Level III, depending upon years of experience. This will be a virtual/telecommuter position, working from home.**
**What you'll do:**
+ Examine appropriate information required to underwrite proposals and renewals, evaluate, develop rates, and accept or reject risk. Work will include groups and self-funding clients of all sizes and complexities including associations and national accounts.
+ Use independent judgment or judgment with appropriate level of peer/manager review to evaluate system-generated rate calculations for reasonability of the risk.
+ Utilize mastery of alternative funding arrangements and alternate benefit packages to proactively suggest solutions and determine anticipated risk impact.
+ Proactively suggest alternative options as necessary and develop final rates for benefit offerings.
+ Develop and present materials to internal and external customers. Proactively and professionally consult with customers to deliver underwriting value-added services in managing the business.
+ Verify sold group information for new and existing business.
+ Develop and prepare federal and state reporting documents.
+ Utilize applications to support the rating and underwriting process, including but not limited to systems, claims reporting, and reporting databases.
+ Develop and enforce underwriting guidelines and rules, and administrative rules under which Premera will accept a risk under direction and approval by Management.
+ Monitor and direct activities on case specific issues and/or projects.
+ Test system(s), update procedures before and after implementation, and troubleshoot/test errors/update with others.
+ Recommend solutions to improve and documents procedures/processes for various rating and other systems.
+ Train all level underwriting associates on policy and procedure.
+ Train non-underwriting departments of underwriting policy and procedure.
+ As an underwriting subject matter expert, represent and advocate for the Underwriting Department both internally and externally.
+ Consult with senior leadership in managing the business and on special projects.
+ Provide leadership and mentoring to less experienced underwriters.
**What you'll bring:**
+ Bachelor's Degree in Business Administration, Mathematics, or related field of study, or (4) years of related work experience. **(Required for Level II and Level III)**
+ (3) years of health insurance underwriting experience. **(Required for Level II)**
+ (5) years of health insurance underwriting experience. **(Required for Level III)**
+ Advanced Excel skills.
+ Mastery of alternate funding arrangements, underwriting policies and procedures.
+ In-depth knowledge of mathematical principles used in underwriting function.
+ Advanced knowledge of healthcare benefits and programs.
+ Ability to process information using rating, pricing, and data gathering programs.
**National Salary Range (Level II):**
$67,800.00 - $98,400.00
**National Plus Salary Range (Level II):**
$67,800.00 - $112,200.00
**National Salary Range (Level III):**
$70,100.00 - $119,200.00
**National Plus Salary Range (Level III):**
$79,900.00 - $135,800.00
**What we offer**
+ Medical, vision and dental coverage
+ Life and disability insurance
+ Retirement programs (401K employer match and pension plan)
+ Wellness incentives, onsite services, a discount program and more
+ Tuition assistance for undergraduate and graduate degrees
+ Generous Paid Time Off to reenergize
+ Free parking
**Equal employment** **opportunity/affirmative** **action:**
Premera is an equal opportunity/affirmative action employer. Premera seeks to attract and retain the most qualified individuals without regard to race, color, religion, sex, national origin, age, disability, marital status, veteran status, gender or gender identity, sexual orientation, genetic information or any other protected characteristic under applicable law.
If you need an accommodation to apply online for positions at Premera, please contact Premera Human Resources via email at careers@premera.com or via phone at 425-918-4785.
**Premera is hiring in the following states, with some limitations based on role or city:** Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Idaho, Iowa, Kansas, Kentucky, Maine, Michigan, Minnesota, Missouri, Montana, Nevada, New Hampshire, New Mexico, North Carolina, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin _._
The pay for this role will vary based on a range of factors including, but not limited to, a candidate's geographic location, market conditions, and specific skills and experience.
**National Salary Range:**
$70,100.00 - $119,200.00
**National Plus Salary Range:**
$79,900.00 - $135,800.00
_*National Plus salary range is used in higher cost of labor markets including Western Washington and Alaska_ _._
Source : Premera Blue Cross