Blue Cross Blue Shield of Massachusetts Senior Underwriter, Large Group in Boston, Massachusetts

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Underwriting is instrumental to securing the financial well-being of insurance companies. At Blue Cross Blue Shield of Massachusetts, Underwriters are valued partners in contributing to the organization’s success by influencing business segments such as Marketing, Product Portfolio, and Network Planning. Underwriters work on the broad spectrum of BCBSMA products. In addition to account underwriting responsibilities, the Senior Underwriter will have opportunities to participate in project teams working to enhance both operational processes and strategic business initiatives. BCBSMA encourages ongoing development opportunities many of which offer exposure to senior management.

Please note: Work location, after training in Boston office, can be based at any of our locations: Boston, Quincy, Hingham, Worcester, or home office in Massachusetts.

Key Accountabilities:• Responsible for the accurate and timely calculation of credible and non-credible account rates.• Track and report results to enable monthly reporting. Make accurate changes to specific accounts to make sure that results are tracked and targets are achieved.• Prepare complete actuarial and underwriting analyses for prospective accounts and existing account renewals. This includes whole account strategy and contribution strategy recommendations.• 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.• Maintain consistent high level of service to our sales representatives and clients with respect to renewal and proposal timeliness and accuracy.• Participate actively in both account renewal and new business presentations to existing and prospective policyholders and brokers/consultants.• Develop creative pricing strategies which achieve profitability and team targets.• Participate in the development of new products and rating methodologies.• Utilize Underwriting/Actuarial models to develop new business quotations and associated renewals, project future account performance, and propose alternative programs and/or financial arrangements when necessary.• Leverage working knowledge of account specific rating formulas, cost and utilization trend analysis, contribution strategies and methods for minimizing adverse selection.• Make strategic decisions and represent the financial needs of the Corporation at meetings with accounts and brokers/consultants.• Meet, present and consult with colleagues in Sales and externally with senior client management and/or their consultant.

Education/Relevant Experience:

· Undergraduate Degree is required.

· Minimum of five years underwriting or experience is required. Experience underwriting national accounts is strongly preferred.

· Must have an extensive knowledge of health benefit programs and financial arrangements from both a risk and cash flow aspect.

· Must possess oral and written communication skills with the ability to present information to a variety of audiences.


LocationBostonTime TypeFull time

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.