Blue Cross Blue Shield of Massachusetts
Underwriting Associate
Blue Cross Blue Shield of Massachusetts, Boston, Massachusetts, us, 02298
Ready to help us transform healthcare? Bring your true colors to blue.
Key Accountabilities:
Responsible for the accurate and timely rating of account rates for customers with 51+ eligible subscribers.
Perform renewal analysis and rating of Blue Funding Solution accounts, facilitate annual settlement process with internal areas.
Comprehension of Underwriting Policies and Procedures.
Prepare underwriting analyses for account renewals.
Analyze and explain comparative advantages and disadvantages of various commercial programs submitted in competitive bidding situations.
Monitor and report on the profitability and persistency of the assigned book of business.
Negotiate prices with customers and their consultants / brokers, where appropriate, to retain / grow enrollment and meet profitability goals.
Engage internal Sales staff and provide account specific consultation regarding renewal.
Capabilities:
Demonstrate strong initiative with a clear business purpose in mind.
Analytic thought process with ability to work in a fast-paced environment.
Continuous professional development.
Learn how to evaluate information to assess risk and determine appropriate action.
Begin to demonstrate ability to take calculated risks and be responsible for outcomes.
Learn how to employ functional and technical skills when performing all assignments.
Learn to be flexible in the interpretation and application of underwriting guidelines.
Learn how to know the audience and to adjust communication style appropriately.
Start recognizing the differing needs of customers and respond accordingly.
Ensure follow up and resolution on escalated issues.
Know when to act with a sense of urgency for a specific situation or need.
Recommend appropriate decisions with justification and business rationale—assess and apply standard solutions as appropriate.
Build and grow relationships with internal and external customers and business partners / peers.
Work with other business areas for compromise and to reach consensus for problem resolution and/or priority setting.
Recognize and change daily priorities to perform work routine and accomplish critical activities.
Must possess good oral and written communication skills to explain difficult technical concepts to clients, consultants, operations, and sales staff.
Flexible customer service style and ability to work independently with internal / external business partners. High level of thoroughness and accuracy and strong attention to detail relative to risk review.
Commitment to high standards of performance and willingness to put in extra effort to achieve goals.
Work under tight deadlines and manage multiple priorities.
Gather knowledge around health benefit programs and financial arrangements from both a risk and cash flow aspect.
Understand any changes associated with healthcare reform.
Develop cooperative relationships with Account Executives.
Must demonstrate ability to work with peers.
Learn how to utilize effective mathematical models to develop account renewals, accurately project future costs, and propose alternative plans / financial arrangements.
Learn the account specific rating formulas, cost and utilization trend analyses, contribution strategies and methods for minimizing adverse selection.
Creative problem-solving ability is required.
Minimum Education Requirements:
High school degree or equivalent required unless otherwise noted above
LocationBoston, HinghamTime TypeFull time
Hourly Range: $29.86 - $36.50
The job posting range is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs and affordability.
This job is also eligible for variable pay.
We offer comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), and a suite of well-being benefits to eligible employees.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.
WHY Blue Cross Blue Shield of MA?
We understand that the confidence gap (https://www.theatlantic.com/magazine/archive/2014/05/the-confidence-gap/359815/) and imposter syndrome (https://www.braintreepayments.com/blog/overcoming-imposter-syndrome/) can prevent amazing candidates coming our way, so please don’t hesitate to apply. We’d love to hear from you. You might be just what we need for this role or possibly another one at Blue Cross Blue Shield of MA. The more voices we have represented and amplified in our business, the more we will all thrive, contribute, and be brilliant. We encourage you to bring us your true colors, , your perspectives, and your experiences. It’s in our differences that we will remain relentless in our pursuit to transform healthcare for ALL.
As an employer, we are committed to investing in your development and providing the necessary resources to enable your success. Learn how we are dedicated to creating an inclusive and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path by visiting our Company Culture (https://careers.bluecrossma.org/us/en/culturepage) page. If this sounds like something you’d like to be a part of, we’d love to hear from you. You can also join our Talent Community (https://careers.bluecrossma.org/us/en/jointalentcommunity?applyType=JTC) to stay “in the know” on all things Blue.
At Blue Cross Blue Shield of Massachusetts, we believe in wellness and that work/life balance is a key part of associate wellbeing. For more information on how we work and support that work/life balance visit our "How We Work (https://careers.bluecrossma.org/us/en/how-we-work) " Page.
Voted as the highest in member satisfaction among Massachusetts commercial health plans by JD Power , Blue Cross Blue Shield of Massachusetts is a community-focused, tax-paying, not-for-profit health plan headquartered in Boston. We have been a market leader for over 75 years, and are consistently ranked among the nation's best health plans. Our daily efforts are dedicated to effectively serving our 2.8 million members, and consistently offering security, stability, and peace of mind to both our members and associates.
Our Commitment to You
We are committed to investing in your development and providing the necessary resources to enable your success. We are dedicated to creating a refreshing and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path. We take pride in our diverse, community-centric, wellness-focused culture and believe every member of our team deserves to enjoy a positive work-life balance.
Blue Cross Blue Shield of Massachusetts is an Equal Employment / Affirmative Action Employer. Applicants are considered for all positions without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or expression, or any other characteristics protected by law.
Blue Cross Blue Shield of Massachusetts will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with Blue Cross Blue Shield of Massachusetts's legal duty to furnish information.
Key Accountabilities:
Responsible for the accurate and timely rating of account rates for customers with 51+ eligible subscribers.
Perform renewal analysis and rating of Blue Funding Solution accounts, facilitate annual settlement process with internal areas.
Comprehension of Underwriting Policies and Procedures.
Prepare underwriting analyses for account renewals.
Analyze and explain comparative advantages and disadvantages of various commercial programs submitted in competitive bidding situations.
Monitor and report on the profitability and persistency of the assigned book of business.
Negotiate prices with customers and their consultants / brokers, where appropriate, to retain / grow enrollment and meet profitability goals.
Engage internal Sales staff and provide account specific consultation regarding renewal.
Capabilities:
Demonstrate strong initiative with a clear business purpose in mind.
Analytic thought process with ability to work in a fast-paced environment.
Continuous professional development.
Learn how to evaluate information to assess risk and determine appropriate action.
Begin to demonstrate ability to take calculated risks and be responsible for outcomes.
Learn how to employ functional and technical skills when performing all assignments.
Learn to be flexible in the interpretation and application of underwriting guidelines.
Learn how to know the audience and to adjust communication style appropriately.
Start recognizing the differing needs of customers and respond accordingly.
Ensure follow up and resolution on escalated issues.
Know when to act with a sense of urgency for a specific situation or need.
Recommend appropriate decisions with justification and business rationale—assess and apply standard solutions as appropriate.
Build and grow relationships with internal and external customers and business partners / peers.
Work with other business areas for compromise and to reach consensus for problem resolution and/or priority setting.
Recognize and change daily priorities to perform work routine and accomplish critical activities.
Must possess good oral and written communication skills to explain difficult technical concepts to clients, consultants, operations, and sales staff.
Flexible customer service style and ability to work independently with internal / external business partners. High level of thoroughness and accuracy and strong attention to detail relative to risk review.
Commitment to high standards of performance and willingness to put in extra effort to achieve goals.
Work under tight deadlines and manage multiple priorities.
Gather knowledge around health benefit programs and financial arrangements from both a risk and cash flow aspect.
Understand any changes associated with healthcare reform.
Develop cooperative relationships with Account Executives.
Must demonstrate ability to work with peers.
Learn how to utilize effective mathematical models to develop account renewals, accurately project future costs, and propose alternative plans / financial arrangements.
Learn the account specific rating formulas, cost and utilization trend analyses, contribution strategies and methods for minimizing adverse selection.
Creative problem-solving ability is required.
Minimum Education Requirements:
High school degree or equivalent required unless otherwise noted above
LocationBoston, HinghamTime TypeFull time
Hourly Range: $29.86 - $36.50
The job posting range is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee’s pay position within the salary range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs and affordability.
This job is also eligible for variable pay.
We offer comprehensive package of benefits including paid time off, medical/dental/vision insurance, 401(k), and a suite of well-being benefits to eligible employees.
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.
WHY Blue Cross Blue Shield of MA?
We understand that the confidence gap (https://www.theatlantic.com/magazine/archive/2014/05/the-confidence-gap/359815/) and imposter syndrome (https://www.braintreepayments.com/blog/overcoming-imposter-syndrome/) can prevent amazing candidates coming our way, so please don’t hesitate to apply. We’d love to hear from you. You might be just what we need for this role or possibly another one at Blue Cross Blue Shield of MA. The more voices we have represented and amplified in our business, the more we will all thrive, contribute, and be brilliant. We encourage you to bring us your true colors, , your perspectives, and your experiences. It’s in our differences that we will remain relentless in our pursuit to transform healthcare for ALL.
As an employer, we are committed to investing in your development and providing the necessary resources to enable your success. Learn how we are dedicated to creating an inclusive and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path by visiting our Company Culture (https://careers.bluecrossma.org/us/en/culturepage) page. If this sounds like something you’d like to be a part of, we’d love to hear from you. You can also join our Talent Community (https://careers.bluecrossma.org/us/en/jointalentcommunity?applyType=JTC) to stay “in the know” on all things Blue.
At Blue Cross Blue Shield of Massachusetts, we believe in wellness and that work/life balance is a key part of associate wellbeing. For more information on how we work and support that work/life balance visit our "How We Work (https://careers.bluecrossma.org/us/en/how-we-work) " Page.
Voted as the highest in member satisfaction among Massachusetts commercial health plans by JD Power , Blue Cross Blue Shield of Massachusetts is a community-focused, tax-paying, not-for-profit health plan headquartered in Boston. We have been a market leader for over 75 years, and are consistently ranked among the nation's best health plans. Our daily efforts are dedicated to effectively serving our 2.8 million members, and consistently offering security, stability, and peace of mind to both our members and associates.
Our Commitment to You
We are committed to investing in your development and providing the necessary resources to enable your success. We are dedicated to creating a refreshing and rewarding workplace that promotes excellence and provides opportunities for employees to forge their unique career path. We take pride in our diverse, community-centric, wellness-focused culture and believe every member of our team deserves to enjoy a positive work-life balance.
Blue Cross Blue Shield of Massachusetts is an Equal Employment / Affirmative Action Employer. Applicants are considered for all positions without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or expression, or any other characteristics protected by law.
Blue Cross Blue Shield of Massachusetts will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with Blue Cross Blue Shield of Massachusetts's legal duty to furnish information.