HCSC Job - 41306385 | CareerArc
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Company: HCSC
Location: Chicago, IL
Career Level: Associate
Industries: Banking, Insurance, Financial Services



This position is responsible for quoting and rating proposals and renewal projections and approves cases within established authority guidelines.

* Bachelor's degree or 5 years of experience in a group health insurance function. 
* 5 years of experience underwriting cases of moderate complexity OR demonstrated capability to meet required job responsibility.
* 2 years of experience underwriting of higher complexity cases. 
* Math skills including the four basic math calculations (addition, subtraction, division, multiplication) and ability to estimate for mathematical reasonableness. 
* Successfully demonstrated interpersonal skills in establishing and maintaining positive business relationships along with effective negotiation skills. 
* Successfully demonstrated skills and experience in underwriting and pricing of various funding options and products, with emphasis on making sound underwriting decisions and judgement
* Successfully demonstrated skills for performing risk qualification. 
* 5 years of experience in stop loss underwriting and thorough understanding of the stop loss market, including products, pricing and competitive landscape.
* Independent judgment and problem resolution skills.
* Work and project management skills including the ability to multi-task, prioritize, and manage time and workload to meet deadlines.
* Verbal and written communication skills to include correct grammar, word choice, precision, conciseness, structure, audience appropriate tone and language.
* PC proficiency to include Word and Excel. 
* Successfully demonstrated skills and experience in presenting to internal and external clients. 
* Extensive knowledge and skills in applying state and federal legislation governing underwriting practices. 
* Financial analysis and underwriting skills.
* Successful experience achieving positive results dealing with customers, consultants and brokers with skills to deliver on the job training.
* Extensive experience-based knowledge of group medical products, discount practices, stop loss and performance guarantees.
* Process management and process improvement experience and skills to identify and implement process changes.
* Represent HCSC as a consultant/subject matter expert for financial meetings with external clients. Formulate strategies and present renewals, proposals, and other financial strategies to designated prospect and current accounts, consultants, and brokers.
* Take an active role in corporate projects and function as the lead in departmental projects. 

* For Large Group:  Demonstrated experience to underwrite experience rated and manually rated health insurance products with sound underwriting judgment.
* Knowledge of the Blue System and ability to price national business.
* Pharmacy Benefit Management (PBM) industry experience with major pharmacy benefit managers.  



HCSC is committed to diversity in the workplace and to providing equal opportunity and affirmative action to employees and applicants. We are an Equal Opportunity Employment / Affirmative Action employer dedicated to workforce diversity and a drug-free and smoke-free workplace. Drug screening and background investigation are required, as allowed by law. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

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