Job description

This position fall under PACE a division of Companion Life Insurance Company, a subsidiary of BlueCross BlueShield of South Carolina. PACE headquartered in Carrollton Texas, supports Companion Life, Niagara Life, Companion Life of California. PACE provides producers with the highest level of customer service and in-depth knowledge of the industry that is designed to give the client the best possible Solution.

Why should you join the BlueCross BlueShield of South Carolina family of companies? Other companies come and go, but for more than seven decades we’ve been part of the national landscape, with our roots firmly embedded in the South Carolina community. We are the largest insurance company in South Carolina … and much more. We are one of the nation’s leading administrators of government contracts. We operate one of the most sophisticated data processing centers in the Southeast. We also have a diverse family of subsidiary companies that allows us to build on a variety of business strengths. We deliver outstanding service to our customers. If you are dedicated to the same philosophy, consider joining our team!

Purpose of Position:

As the Stop Loss Underwriter III, the ideal candidate will underwrite a profitable book of business in the employer stop loss marketplace through Manager Care Organizations, Third Party Administrators (TPAs), brokers, hospitals and BlueCross BlueShield organizations and service all business to targeted profitability and service objectives. It is the expectation that the person in this role will utilize effective risk selection techniques and maintain financial discipline, secure optimum rates and terms for each policy while maintaining an appropriate loss ratio.

Logistics:

This position is full-time (40-hours/week) Monday-Friday working during normal business hours of 8am - 5pm onsite at 4120 International Parkway, Suite 220, Carrollton, TX 75007.

What You will Do:

• Receive specific case proposal requests and review for completeness, reject when necessary and gather missing information. Underwrite cases including setting rates, aggregate factors, and coverage terms/conditions according to negotiated MGU agreements with insurers/reinsurers.
• Design stops loss coverage and introduce services to best meet needs of client. Emphasize client relations in building up block of profitable business. Promote MGU services and benefits at every opportunity.
• Service existing book of business including, but not limited to, tracking TPA specific and aggregate loss ratio, tracking average renewal rate increases compared to average loss ratio, and determining TPAs’ level of involvement in developing their own managed care initiatives.
• Review amendments to plan documents to determine rate or coverage implications. Develop renewal terms for in-force cases which comply with company renewal standards and carrier/reinsurer guidelines and limits.
• Follow up on pending proposals and renewals to determine outcome and reinforce interest in writing the business. Maintain open communication with management, marketing, sales, claims, and other appropriate areas.
• Assists less experience underwriters.

To Qualify for This Position, You will Need:

• 5 years underwriting/marketing experience with managed care organizations, carriers, and managing underwriters, primarily in the employer stop loss market.
• 4 years underwriting experience.
• Bachelor's degree Any related field of study.
• Strong analytical, decision-making, time management, and advanced math skills.
• Excellent verbal and written communication and people skills.
• Good judgment.
• Advanced knowledge of group insurance, managed care, and direct medical claims products.
• Ability to manage confidential or sensitive information with discretion.
• Extensive knowledge of underwriting/risk principles and their application.
• Standard office equipment. Microsoft office suite.

What We can Do for You:

We offer our employees great benefits and rewards. You will be eligible to participate in the benefits the first of the month following 28 days of employment.

• Subsidized health plans, dental and vision coverage
• 401K retirement savings plan with company match
• Life Insurance
• Paid Time Off (PTO)
• On-site cafeterias and fitness centers in major locations
• Wellness program and healthy lifestyle premium discount
• Tuition assistance
• Service recognition
• Employee Assistance
• Discounts to movies, theaters, zoos, theme parks and more

What to Expect Next:

After submitting your application, our recruiting team members will review your resume to ensure your meet the qualifications. This may include a brief telephone interview or email communication with our recruiter to verify resume specifics and salary requirements. If the qualifications required proof of semester hours, please attach your transcript to your application.

Management will be conducting interviews with the most qualified candidates, with prioritization give to those candidates who demonstrate the preferred qualifications.

Job Type: Full-time

Pay: $58,639.71 - $128,287.79 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee discount
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Education:

• Bachelor's (Required)

Experience:

• Underwriting: 4 years (Required)
• underwriting marketing: 5 years (Required)
• managed care organziation, carriers and managing underwriter: 5 years (Required)

Work Location: In person

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