Associate Underwriter
Prepares group renewal quotes. Audits reporting systems. Performs review and risk analysis of rate factors using historical and projected data and makes recommendations to achieve PLR target. Completes analysis as requested by management in support of setting strategic direction.
Calculates standard group renewals with standard plan-specific benefits, following established underwriting formulas and utilizing experience reports to achieve underwriting paid/loss targets
Provides analysis to confirm standard plan factors used in quote preparation are accurate
Examines experience reports and other client data reports to ensure integrity and accuracy of group data based on business guidelines; reports any issues found in the experience reports
Assists Underwriters with calculation of quotes and plan-specific rates, and assists in preparing relevant plan and rate documents
Supports Underwriting Analysts in providing data and reporting necessary for regulatory reporting
Monitors and prepares routine monthly reports on sold business versus underwriting rates to assess the projected financial impacts
Supports studies and projects related to the underwriting function to update accuracy of base data
Performs review of peer and automated rating tool rate calculations to ensure business guidelines are followed and data is reasonable and consistent.Collects, studies, and reviews documentation pertaining to risk cases
Prepares routine reports that outline client administrative and claim financial results
Develops understanding of underwriting systems, both automated and manual, as well as dependencies to the system. Acquires knowledge of other systems, such as product, revenue, and claims, that directly impact underwriting objectives
Participates in projects affecting the underwriting systems including user-end testing of rating tools and systems to ensure accurate rating and plan benefits display
Makes recommendations for rating tool updates or corrections
Job Specifications
Typically has the following skills or abilities:
Bachelor’s degree in Finance, Accounting, Statistics, Mathematics, or in lieu of degree 4 years functional experience
One year of underwriting experience preferred
Familiarity with SQL and Power BI preferred
Developing analytical and problem-solving skills
Professional verbal and written communication skills
Competent in using spreadsheet applications
Proven accuracy and careful attention to detail
Ability to multitask and meet deadlines
Ability to regularly exercise discretion and independent judgment in performance of his/her job duties
Clean credit history as reported by credit report
#LI-VISIONCARE
Compensation range for the role is listed below. Applicable salary ranges may differ across markets.Actual pay will be determined based on experience and other job-related factors permitted by law. As a part of the compensation package, this role may include eligible bonuses and commissions. For more information regarding VSP Vision benefits, please click here.
Salary Ranges: $58,656.00 - $77,628.00
VSP Vision is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to age, gender, race, color, religion, sex, national origin, disability or protected veteran status. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
Unincorporated LA County Residents: Qualified Applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act, and any other similar laws.
Notice to Candidates: Fraud Alert - Fake Job Opportunity Solicitations Used to Collect Fees/Personal Information.
We have been made aware that fake job opportunities are being offered by individuals posing as VSP Vision and affiliate recruiters. Click here to learn about our application process and what to watch for regarding false job opportunities.
As a regular part of doing business, VSP Vision (“VSP”) collects many different types of personal information, including protected health information, about our audiences, including members, doctors, clients, brokers, business partners, and employees. VSP Vision employees will have access to this sensitive personal information and are subject to follow Information Security and Privacy Policies.
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Associate Underwriter
Prepares group renewal quotes. Audits reporting systems. Performs review and risk analysis of rate factors using historical and projected data and makes recommendations to achieve PLR target. Completes analysis as requested by management in support of setting strategic direction.
Calculates standard group renewals with standard plan-specific benefits, following established underwriting formulas and utilizing experience reports to achieve underwriting paid/loss targets
Provides analysis to confirm standard plan factors used in quote preparation are accurate
Examines experience reports and other client data reports to ensure integrity and accuracy of group data based on business guidelines; reports any issues found in the experience reports
Assists Underwriters with calculation of quotes and plan-specific rates, and assists in preparing relevant plan and rate documents
Supports Underwriting Analysts in providing data and reporting necessary for regulatory reporting
Monitors and prepares routine monthly reports on sold business versus underwriting rates to assess the projected financial impacts
Supports studies and projects related to the underwriting function to update accuracy of base data
Performs review of peer and automated rating tool rate calculations to ensure business guidelines are followed and data is reasonable and consistent.Collects, studies, and reviews documentation pertaining to risk cases
Prepares routine reports that outline client administrative and claim financial results
Develops understanding of underwriting systems, both automated and manual, as well as dependencies to the system. Acquires knowledge of other systems, such as product, revenue, and claims, that directly impact underwriting objectives
Participates in projects affecting the underwriting systems including user-end testing of rating tools and systems to ensure accurate rating and plan benefits display
Makes recommendations for rating tool updates or corrections
Job Specifications
Typically has the following skills or abilities:
Bachelor’s degree in Finance, Accounting, Statistics, Mathematics, or in lieu of degree 4 years functional experience
One year of underwriting experience preferred
Familiarity with SQL and Power BI preferred
Developing analytical and problem-solving skills
Professional verbal and written communication skills
Competent in using spreadsheet applications
Proven accuracy and careful attention to detail
Ability to multitask and meet deadlines
Ability to regularly exercise discretion and independent judgment in performance of his/her job duties
Clean credit history as reported by credit report
#LI-VISIONCARE
Compensation range for the role is listed below. Applicable salary ranges may differ across markets.Actual pay will be determined based on experience and other job-related factors permitted by law. As a part of the compensation package, this role may include eligible bonuses and commissions. For more information regarding VSP Vision benefits, please click here.
Salary Ranges: $58,656.00 - $77,628.00
VSP Vision is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to age, gender, race, color, religion, sex, national origin, disability or protected veteran status. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
Unincorporated LA County Residents: Qualified Applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act, and any other similar laws.
Notice to Candidates: Fraud Alert - Fake Job Opportunity Solicitations Used to Collect Fees/Personal Information.
We have been made aware that fake job opportunities are being offered by individuals posing as VSP Vision and affiliate recruiters. Click here to learn about our application process and what to watch for regarding false job opportunities.
As a regular part of doing business, VSP Vision (“VSP”) collects many different types of personal information, including protected health information, about our audiences, including members, doctors, clients, brokers, business partners, and employees. VSP Vision employees will have access to this sensitive personal information and are subject to follow Information Security and Privacy Policies.