Group Underwriter jobs in Newark, NJ

Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware

Job Summary:

• Develops and issues proposal rates for group size 51 and experience rated proposals.
• Develops and issues experience rated renewals for group size 51 .
• Develops and issues renewal and proposal rates for alternately funded groups.
• Approves Group Enrollment Information (GEI) and Benefit Information Forms (BIFs) where applicable.
• Researches rate and benefit inconsistencies and issues corrections and/or recommendations.
• Assembles data and produces ERISA 5500 reports and settlements and issues to Sales, where applicable.
• Makes decisions to offer special financial arrangements to groups and monitors outcomes as required.
• Attends meetings with groups and brokers to discuss renewals and proposals and makes recommendations.
• Maintains and updates monthly financial reports necessary for Enterprise Operations.
• Performs other duties as assigned by management.

Education/Experience

• Minimum High School diploma or GED
• Bachelor's degree preferred in Math, Statistics, or Accounting.
• Analysis experience preferred.
• Requires minimum three (3) year's experience in health insurance industry with experience in Rating/Underwriting.

Knowledge

• Requires knowledge of underwriting principles, benefit offerings, alternate financial mechanisms and rating methodology.
• Prefer knowledge of Horizon BCBSNJ products.
• Must be proficient in the use of personal computers and supporting software in a Windows based environment, including MS Office products (Word, Excel, PowerPoint) and Lotus Notes; Should be knowledgeable in the use of intranet and internet applications.

Skills and Abilities

• Requires excellent Math abilities to be determined via interview and/or testing.
• Analytical & Problem Solving Skills
• Decision Making
• Negotiation
• Attention to Detail
• Customer Focus
• Self-Motivated

Salary Range:

This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. This range has been created in good faith based on information known to Horizon at the time of posting. Compensation decisions are dependent on the circumstances of each case. Horizon also provides a comprehensive compensation and benefits package which includes:

• Comprehensive health benefits (Medical/Dental/Vision)

• Retirement Plans

• Generous PTO

• Incentive Plans

• Wellness Programs

• Paid Volunteer Time Off

• Tuition Reimbursement

Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law. Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.