At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.Position Summary
This Underwriting role is for Meritain Health, an independent subsidiary of Aetna and CVS, and one of the nation's largest employee benefits administrators. We have the resources of a national carrier coupled with the unique flexibility and devoted service of a third-party administrator (TPA).
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The Meritain Health underwriting department supports the attainment of organizational goals through the issuance of prospective and existing business quotations and proposals. Including administrative fee pricing, stop loss, RFP questionnaire responses, and plan consultation.
The Underwriting Manager serves as a key support role within the Meritain Underwriting team, providing day-to-day management and mentorship to a group of underwriters. This position plays an important role in helping drive consistency and collaboration across the unit. The ideal candidate will bring a strong sense of ownership, the ability to work independently, and a proactive approach to problem-solving. This role is well-suited for someone who enjoys supporting others, contributing to process improvements, and serving as a go-to resource for both internal partners and external stakeholders.Responsibilities
Team Leadership & Development
- Proactively manage the workflow and shifting priorities of the underwriting unit to ensure timely, accurate deliverables.
- Provide daily support, coaching, and mentorship to a team of underwriters, fostering skill development and professional growth.
- Conduct quality reviews, identify learning opportunities, and oversee training for both internal staff and external stakeholders.
- Lead team meetings and serve as the first point of contact for complex case issues or challenges.
- Support hiring, onboarding, and ongoing talent development of direct reports.
- May provide coverage for the department leader as needed.
- Assists in preparing underwriting analysis and risk assessment for new and renewal business, including cases with significant benefit implications.
- Assists in the preparation of quotes, questionnaires, and financial projections of varying complexity.
- Apply underwriting guidelines and negotiate financial terms within assigned authority; escalate exceptions and financial variances to senior leadership as appropriate, balancing membership, revenue growth, and profitability.
- Ensure pricing strategies align with business objectives and client needs.
- Assist team members in navigating complex or sensitive sales and renewal situations.
- Act as the central contact for final rate submissions (Final & Firm process), including reporting and coordination with underwriters and operational teams.
- Collaborate with Business Analysis, Sales, Client Management, and other internal stakeholders to support sales and retention efforts.
- Present underwriting information and explain rate development, underwriting policies, and product standards to internal and external stakeholders.
- Build and maintain relationships with stop loss carriers to support case resolution and negotiation efforts.
- Clearly articulate Meritain's services, underwriting philosophy, and new initiatives to internal and external stakeholders.
- Lead or contribute to departmental projects and continuous improvement initiatives aimed at enhancing productivity, accuracy, and customer service.
- Identify and implement opportunities for automation and operational efficiency; influence the development of tools and resources.
- Support the use and optimization of underwriting tools, systems, and reporting platforms.
- Provide strategic input on stop loss placement, pricing, and product positioning.
- Demonstrate deep knowledge of Meritain's product portfolio, underwriting philosophy, and market positioning.
- Support the development of proposals that align with client goals and organizational strategies.
- Analyze operational data and apply insights to financial modeling and fee development.
- Serve as a trusted resource for internal partners on underwriting and stop loss strategy.
- 5+ years of experience in underwriting/accounting pricing methodologies and funding arrangements.
- 2 to 3 years of relevant medical insurance experience: brokers (producers), carriers, (TPA) third-party administrators, benefit analysis, underwriting, rating methodologies, or policy marketing, etc.
- Strong analytical, decision-making, and communication skills.
- Demonstrated ability to lead, mentor, and/or develop team members.
- Demonstrated success in anticipating customer needs and negotiating using tact and diplomacy
- Proficiency in Excel, Salesforce, and Microsoft Office.
- Ability to work independently and manage multiple priorities in a fast-paced environment.
- 2 to 3 years prior leadership experience
- Salesforce, Tableau, and/or VBA experience
- Experience communicating with outside consultants or customers
- Bachelor's degree preferred or a combination of professional work experience and education.
40Time Type
Full timePay Range
The typical pay range for this role is:$54,300.00 - $159,120.00This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:
- Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
- No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
- Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.