Associate Underwriter

$54,000 - $98,000/Yr

Highmark Health - Juneau, AK

Full-time - Entry Level

Juneau, AK

Insurance Carriers and Related Activities

About the position

Highmark Health is seeking an Associate Underwriter to join our team in Juneau, AK. This position is responsible for analyzing risk factors associated with new enrollments, annual renewals, and amendments of group or individual insurance contracts, as well as self-funded plans. The Associate Underwriter will ensure compliance with established underwriting policies, practices, and standards while managing a block of business, whether it be new or renewal accounts assigned to them. In this role, the Associate Underwriter will interpret risk and apply pricing policies to account for unusual situations, identifying questionable claim patterns that may arise on in-force accounts or prospects. They will also be tasked with recognizing unusual situations that are not anticipated by standard pricing formulas and will seek assistance in applying Corporate Risk Management policies as needed. Monitoring compliance with Corporate Underwriting policies is a critical aspect of this position, as is completing workload within established production and timeliness standards. Other duties may be assigned as necessary to support the underwriting team and overall business objectives. The ideal candidate will possess a Bachelor's Degree in Mathematics, Actuarial Science, Finance, Business, Computer Science, or another quantitative analysis discipline. Alternatively, candidates with six years of related experience may be considered in lieu of a degree. While no prior experience is required, one year of relevant insurance industry experience is preferred. The Associate Underwriter should have strong analytical skills, attention to detail, and the ability to manage multiple priorities effectively. Additionally, proficiency in using computer systems and electronic tools is essential for success in this role.

Responsibilities

• Analyze risk factors for new enrollment, annual renewals, and amendments of insurance contracts.
• Manage a block of business for new or renewing accounts assigned.
• Interpret risk and apply pricing policies to account for unusual situations.
• Identify questionable claim patterns on in-force accounts or prospects.
• Recognize unusual situations not anticipated by standard pricing formulas and seek assistance as needed.
• Monitor compliance with Corporate Underwriting policies.
• Complete workload within established production and timeliness standards.
• Perform other duties as assigned.

Requirements

• Bachelor's Degree in Mathematics, Actuarial Science, Finance, Business, Computer Science, or other quantitative analysis discipline.
• 6 years of related experience in lieu of a Bachelor's Degree.

Nice-to-haves

• 1 year of relevant insurance industry experience.