Senior Manager - UW Tech Lead (International)
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
Support Aetna's ability to achieve its financial and strategic goals through effective underwriting. Underwriting support primarily includes identifying, evaluating, and managing risk in order to maximize revenue, membership and earnings.Performs accurate underwriting analysis and risk assessment for new and/or renewal of large group contracts. Assigned cases/book of business will include multiple product types, funding arrangements and/or rating methodologies. This position requires underwriting technical knowledge at a mastery level. In addition to working on complex or high profile cases, responsibilities may include training, mentoring and project work. May support Underwriting Unit Leader as backup. Responsibilities include but not limited to:
Prepare and deliver complex, high profile new business quotes and/or existing business renewals.
Collaborate with field sales and account management on complex or high-profile cases. Presents information to employers, brokers, and consultants.
Independently review work for accuracy, identify risks and make recommendations to manage risk while growing or retaining membership.
Utilize advanced functionality of underwriting tools, systems, and reference materials to produce accurate quotes and/or renewals.
Grant underwriting exceptions/financial variances for their assigned cases within the authority limit for the position.
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Advanced understanding of the rate and/or administrative fee development, pricing components, and application of underwriting policies. Independently negotiate pricing and escalate exceptions outside authority limit to manager.
Produce timely and accurate customer specific documents, deliverables, and account related information. Ensure the pricing supports the quote/renewal strategy. Peer review others work for accuracy.
Assist department with projects or workgroups. Proactively identify and may lead process improvement through automation or process change.
Identify training gaps and recommend an appropriate course of action including development and delivery of training.
Mentors less experienced underwriters in development of technical skills or specific subject matter.
From a client relationship standpoint, candidate would be expected to have some customer facing meetings that would require them to comfortably talk through a particular renewal workup or a new business position.
Ensure all underwriting practices comply with relevant industry regulations and company policies as well as the complex intricacies related to the International industry. Background/Experience
Bachelor's degree or equivalent years of experience
5+ years' experience in underwriting pricing methodologies and funding arrangements.
Prior healthcare underwriting experience
In-depth knowledge of rating and/or accounting and underwriting concepts preferred.
Demonstrated analytical and independent thinking skills.
Excellent written and verbal communication skills.
Must be able to communicate effectively with internal and external constituents.
Ability to use standard corporate software packages and corporate applications. Education Requirements
Bachelor's degree or equivalent experience.Pay Range
The typical pay range for this role is:$75,400.00 - $182,549.00
This 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. This position also includes an award target in the company's equity award program.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.
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- HSA
- HSA With Employer Contribution
- Pet Insurance
- Mental Health Benefits
Parental Benefits
- Fertility Benefits
- Adoption Assistance Program
- Family Support Resources
Work Flexibility
- Flexible Work Hours
- Remote Work Opportunities
- Hybrid Work Opportunities
Office Life and Perks
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
Financial and Retirement
- 401(K) With Company Matching
Professional Development
- Tuition Reimbursement
Diversity and Inclusion
- Employee Resource Groups (ERG)
- Diversity, Equity, and Inclusion Program