Group Underwriter, Senior at Elevance Health

Woodland Hills, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, HealthcareIndustries

Requirements

BA/BS in a related field
Minimum 4 years of related experience (or any combination of education and experience providing an equivalent background)

Responsibilities

Determines acceptability of insurance risks and appropriate premium rates for large, complex prospective employer groups in accordance with Corporate Underwriting Guidelines and Authority Limits
Calculates new business rates for complex group cases based on thorough analysis of the group's experience, industry, location, size, and demographic nature
Coordinates with other departments to ensure the accuracy and consistency of account reporting
Proposes rates and terms for group prospects, utilizing a combination of other carrier experience, demographic data, and manual rates
Prepares or supervises the preparation of annual settlements, ERISA reports, rate projections, or benefit change increments or decrements
Communicates with sales, administration, and claims to assess the rating and administrative impact of benefit and plan changes

Skills

Key technologies and capabilities for this role

Group UnderwritingInsurance Risk AssessmentPremium Rate CalculationERISA ReportingRate ProjectionsBenefit AnalysisAccount ReportingDemographic Analysis

Questions & Answers

Common questions about this position

What is the salary range for this Senior Group Underwriter position?

For candidates in California, Colorado, or Nevada, the salary range is $78,624 to $134,784. The actual salary is based on legitimate, non-discriminatory factors.

What is the work arrangement or location policy for this role?

The role requires associates to be in-office 1-2 days per week, with flexibility for virtual work. Candidates must reside within a reasonable commuting distance from an office location, unless an accommodation is granted.

What are the minimum requirements for this position?

Requires a BA/BS in a related field and minimum 4 years of related experience, or any combination of education and experience providing an equivalent background.

What benefits does Elevance Health offer?

In addition to salary, Elevance Health offers a comprehensive benefits package, incentive and recognition programs, equity stock purchase, and 401k contribution, all subject to eligibility requirements.

What preferred qualifications can strengthen my application?

Preferred skills include CPCU, CLU, LOMA, HIAA or other insurance-related courses.

Elevance Health

Integrated health services and digital platform

About Elevance Health

Elevance Health focuses on enhancing the health of individuals throughout their lives by evolving from a traditional health benefits organization into a comprehensive health partner. The company serves over 118 million people, providing support at every stage of health through an integrated approach that addresses a wide range of health needs. Their services are backed by advanced capabilities and a digital health platform that streamlines access to care. Unlike many competitors, Elevance Health emphasizes a holistic view of health, aiming to redefine health and improve community well-being. The ultimate goal is to make health improvements accessible to everyone.

Indianapolis, IndianaHeadquarters

1944Year Founded

$309.4MTotal Funding

IPOCompany Stage

Enterprise Software, Social Impact, HealthcareIndustries

10,001+Employees

Benefits

Medical, dental, & vision insurance

401(k) + match

Paid holidays

Paid Time Off

Incentive bonus programs

Stock purchase plan

Life insurance

Wellness Programs

Financial education resources

Adoption & Surrogacy Assistance

Dependent-care Flexible Spending Account (DCFSA)

Parental Leave

Parental Transition Week

Critical Caregiving Leave

Risks

Departure of CFO John Gallina may create a gap in financial leadership.

Lawsuit against CMS over MA Star Ratings could lead to financial penalties.

CareBridge integration may face operational challenges, disrupting service delivery.

Differentiation

Elevance Health integrates whole health approach with digital health platform for comprehensive care.

Acquisition of CareBridge enhances home health services within Carelon division.

Strategic partnership with Clayton, Dubilier & Rice aims to innovate primary care delivery.

Upsides

AI integration in home health services can reduce hospital readmissions and improve outcomes.

Predictive analytics support early disease detection, aligning with Elevance's whole health approach.

Telehealth expansion offers opportunities to reach more patients remotely.

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