Senior Analyst, Underwriter

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Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

Position Summary

Support Aetna's ability to achieve its financial and strategic goals through effective underwriting Stop Loss. Underwriting support primarily includes identifying, evaluating, and managing risk to maximize revenue, membership and earnings.

Performs underwriting analysis and risk assessment for new and/or renewal of large group contracts and accountings. Assigned cases/book of business include multiple product types, funding arrangements and/or rating methodologies.

Position Specifics

• Prepares and delivers moderately complex new business quotes, existing business renewals.

• Complexity of work increases as technical skills progress.

• Independently reviews work for accuracy and recommends pricing and/or accounting alternatives based on financial analysis, underwriting principals, and business strategy.

• Anticipates questions and formulate responses.

• Utilizes advanced functionality of underwriting tools, systems, and reference materials to produce accurate quotes, renewals and/or accountings.

• Applies underwriting guidelines and grants underwriting exceptions/financial variances for their assigned cases within the authority limit for the position.

• Independently assists sales personnel in explaining rate/fee, accounting balance development and communicating underwriting policy.

• May present information to employers, brokers and consultants.

• Produces timely and accurate customer specific documents, deliverables and accounting related information.

• Ensures the pricing supports the quote/renewal strategy.

• Assists department with projects or workgroups.

• Identifies and supports process improvement through automation or process change.

• Conducts audits on premiums, fees and claim wires to ensure all receivables are accurate and accounted for.

• Assists less experienced underwriters in development of technical skills or specific subject matter.

Required Qualifications

• 3-5 years' experience in underwriting/accounting concepts, pricing methodologies and funding arrangements.

Preferred Qualifications

• Demonstrated success prioritizing work and the ability to multi-task in a fast-paced environment.

• Demonstrated ability to utilize analytical and independent thinking skills.

• Demonstrated success in collaborating with others to meet/exceed expectations.

• Experience providing clear and concise written and verbal communications.

• Experience working with standard Microsoft Office product.

Education

• Bachelor's degree or equivalent experience.

Pay Range

The typical pay range for this role is

$46,988.00 - $112,200.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.

In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company's 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off ("PTO") or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.

For more detailed information on available benefits, please visit Benefits | CVS Health (~~~)

We anticipate the application window for this opening will close on: 10/21/2024

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.