Group Underwriter

All about us
You likely know us as an insurance company, but that’s just a portion of what we do. Hundreds of thousands of North Dakotans trust us to provide them with personalized service and unmatched access to care. It’s a mission we take seriously.
We also work with entities throughout the state to challenge the cost and complexity of health care in North Dakota. This uncompromising goal requires caring, innovative people who are ready and willing to help create a new level of health and well-being in North Dakota and beyond.
Work environment
This opportunity is eligible for a hybrid work arrangement based out of our Fargo, ND office. We empower our employees to find a work style that is best for them. Learn more at Life at Blue | BCBSND.
This position is eligible for internal and external applications.
Pay Information

• Pay Level: 019
• FLSA Category: Exempt – Salaried
• Individual pay will be based on skills, experience, qualifications, location, internal equity, and other relevant factors.
• Opportunities for continued salary growth through a performance-based merit program.

A day in the life
The Group Underwriter is responsible for developing insurance rates for small to medium sized fully insured and self-funded groups and conducting enrollment studies and other statistical studies under supervision. This role assists in pricing and analyzing issues related to state and federal regulation.
Your responsibilities will include

• Develops fully insured and self-funded rates for standard small to medium sized prospective and renewal groups. Assists senior underwriting staff in developing premium rates for larger, more complex existing and prospective groups.
• Calculates demographics, analyzes past claims experience, combines demographics and claims to develop a rate, compares rates to existing rates of group, presents rates to management for approval and notifies appropriate parties of approved rates.
• Develops rates for new benefits by pricing potential variations to standard benefit plans using grids to analyze new benefits, developing rates with new benefits and evaluating reasonableness, present findings to management.
• Updates internal systems to reflect appropriate client rates for selected benefit(s) and validates the outputs.
• Assists in evaluating and formulating underwriting guidelines and methodologies, including, but not limited to reading and interpreting regulations related to sales and underwriting; assists in maintaining underwriting models, including developing enhancements as necessary.
• Assists on projects including analyzing projects, obtaining data, evaluating process and drawing conclusions for modification.
• This role performs technical tasks including systems development, maintenance, and troubleshooting.

What you need to succeed

• Bachelor’s degree in Mathematics, Actuarial Science, Finance or a related field.
• At least 1 year of experience in insurance, accounting, finance or healthcare is preferred.
• Pays close attention to the details of all work and strives for a high level of accuracy.
• Consistently maintains a high level of productivity and manages time effectively.
• Ability to resolve problems, make suggestions and implement process improvements.
• Possesses strong communication skills, both verbal and written.

Equivalent combination of education, experience or training determined to be acceptable by Human Resources may be substituted, unless regulated by contract or program standards
Benefits

• Affordable medical, dental and vision coverage accepted throughout the United States
• Employer funded Lifestyle Spending Accounts, Health Savings Accounts and Health Reimbursement Arrangements
• Employer-paid life and disability insurance
• 401(k) retirement plan with company match and immediate vesting
• Paid holidays, paid time off (PTO), PTO donation program, and paid parental leave
• Voluntary benefits including Accident, Hospital Indemnity, Critical Illness, Term/Whole Life, Cancer Care Insurance, and more.

Additional company perks

• Robust mental health offerings including an Employee Assistance Program, Learn to Live, meQ.
• Comprehensive learning and development opportunities and an Educational Assistance Program.
• 16 hours of paid volunteer time with a $200 donation to a charity of your choice upon completion of all volunteer hours.
• Employee recognition, community initiative events and yearly company outings.
• Workplace flexibility offering different options for working arrangements and the freedom to make time for important commitments.
• Opportunities to connect through employee committees.

Equal opportunity employment
Equal Opportunity Employer of Minorities, Females, Protected Veterans and Individual with Disabilities, as well as Sexual Orientation or Gender Identity.
For questions, please email
This job posting will be closed 11/5/2024 at 8:00 a.m. (CT). No further applications will be considered.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor 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 the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)