Large Group Underwriter I to Senior, DOE
Cambria Health, Inc.
Large Group Underwriter I to Senior, DOE
Primary Job Purpose
Underwriter evaluates each assigned group’s risk and attaches the appropriate rate.
General Functions and Outcomes
Approves renewal changes after verifying rates and product selection.
Audits both new and renewing groups as necessary.
Determines rates for alternative benefit variations.
Ensures that group participation requirements are met.
Prepare rate filings.
Follows underwriting guidelines, policies, procedures and formulas in developing rates for new and renewal groups.
Gathers the appropriate data used to determine the status of account refunds.
Maintains spreadsheet information on group renewal history.
Prepares memos and other correspondence to communicate changes in rates or benefits which have been approved by underwriting management.
Processes the appropriate paperwork associated with renewal rate action and proposal closing.
Supports internal sales staff regarding underwriting questions and/or resolves issues.
Effectively communicates Underwriting decisions to other departments when necessary.
May determine rates for alternative benefit variations and funding arrangements.
Assist in the training process and mentoring of more junior level Underwriters.
Prepares contingent premium settlements.
Prepares the rate quotations and completes bid specifications.
Processes group financial settlement calculations.
Reviews and determines whether or not to grant exception requests.
Supports management reporting efforts and the development of automated rating and analysis tools.
Develop a good understanding of healthcare benefits, plans, and/or trends
Demonstrated analytical and problem solving skills.
Business sense including: finance, accounting, economics, and risk management principles.
Effective verbal and written communications.
Ability to build and maintain positive internal and external customer interactions.
Ability to prioritize tasks and meet deadlines.
Demonstrated technology proficiency, including Excel, Word, and applicable software applications.
Demonstrated success with managing competing priorities and workload.
Normally to be proficient in the competencies listed above
The Underwriter II would have a Bachelor’s degree in business, math, statistics or related discipline and a minimum of 2 years related experience or an equivalent combination of education and experience.
The Underwriter III would have a Bachelor’s degree in business, math, statistics or related discipline and a minimum of 4 years related experience or an equivalent combination of education and experience.
The expected hiring range for a Underwriter II is $55,000 – $75,000/year depending on skills, experience, education, and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 5% . The current full salary range for this role is $52,000 - $84,500/year.
The expected hiring range for a Underwriter III is $66,500 – $90,500/year depending on skills, experience, education, and training; relevant licensure / certifications; performance history; and work location. The bonus target for this position is 5% . The current full salary range for this role is $62,000 - $102,500/year.
Base pay is just part of the compensation package at Cambia that is supplemented with an exceptional 401(k) match, bonus opportunity and other benefits. In keeping with our Cause and vision, we offer comprehensive well-being programs and benefits, which we periodically update to stay current. Some highlights:
medical, dental, and vision coverage for employees and their eligible family members
annual employer contribution to a health savings account ($1,200 or $2,500 depending on medical coverage, prorated based on hire date)
paid time off varying by role and tenure in addition to 10 company holidays
up to a 6% company match on employee 401k contributions, with a potential discretionary contribution based on company performance (no vesting period)
up to 12 weeks of paid parental time off (eligible day one of employment if within first 12 months following birth or adoption)
one-time furniture and equipment allowance for employees working from home
up to $225 in Amazon gift cards for participating in various well-being activities. for a complete list see our External Total Rewards page.
We are an Equal Opportunity and Affirmative Action employer dedicated to workforce diversity and a drug and tobacco-free workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, age, sex, sexual orientation, gender identity, disability, protected veteran status or any other status protected by law. A background check is required.