Full-Time

Underwriter

Posted on 5/3/2024

ParetoHealth

ParetoHealth

201-500 employees

Turnkey self-insured employee health benefits.

Financial Services
Consulting

Junior

Salt Lake City, UT, USA

Required Skills
Communications
Data Analysis
Requirements
  • Bachelor’s degree in finance, economics, actuarial science, or a related field; relevant professional certifications are a plus.
  • Minimum of 2-3 years of experience in stop loss underwriting, with a proven track record in handling complex health risks.
  • Proficiency in underwriting software, data analysis tools, and Microsoft Office Suite.
  • Ability to analyze data, identify trends, and solve underwriting challenges.
  • Strong communication and negotiation skills, with the ability to articulate technical concepts to a non-technical audience.
  • Strong team player, capable of working effectively in a dynamic and collaborative environment.
  • Understanding of stop loss products; self-funding, healthcare industry trends, and regulatory landscape
Responsibilities
  • Conduct thorough risk assessments of prospective captive members current health plans and funding arrangements to determine appropriate stop loss coverage levels and premiums.
  • Analyze healthcare data, including claims and utilization patterns, to forecast potential risks and cost implications and support proposed underwriting position
  • Effectively execute in an environment of incomplete information
  • Understanding of competitive market dynamics and react appropriately
  • Partner with account management to ensure appropriate pricing rationale is understood and messaged externally and consider consultant / customer dynamics
  • Enhance your own skills around knowledge of medical treatments and projected costs in partnership with clinical risk team
  • Ensure adherence to industry standards and legal requirements in all underwriting decisions and practices.

ParetoHealth excels in offering a unique approach to employee health benefits by leading the nation in self-insured health benefits captives, making it an ideal place for talent seeking to influence significant health and financial outcomes for businesses. The company's commitment to data-driven solutions provides employees with opportunities to engage directly with cutting-edge technology and processes that directly improve customer care and cost management. This, combined with their track record of reducing healthcare spending for small and medium-sized businesses, creates a dynamic work environment that is both financially and professionally rewarding.

Company Stage

Seed

Total Funding

$522.1K

Headquarters

Philadelphia, Pennsylvania

Founded

2011

Growth & Insights
Headcount

6 month growth

22%

1 year growth

35%

2 year growth

103%