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CVS Health Senior Analyst, Underwriting - Hybrid Shift in Albany, New York

Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

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).

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.

This hybrid shift position will have the opportunity to work on a diversified book of business including Mid-Market, Select/Key Accounts, Small Group, and our Captive/Alternate channels.

Required Qualifications

  • 1-2 Years of applicable medical insurance experience: brokers (producers), carriers, third-party administrators, benefit analysis, underwriting, rating methodologies, or policy marketing, etc.

  • Excellent verbal and written communication skills

  • Exceptional problem solving and decision-making skills

  • Demonstrated analytical skills

  • Intermediate/Advanced Excel

Responsibilities Include

  • Provide guidance and consultation to our Sales and Client Management teams on pricing and stop loss strategies

  • Prepares and issues quotations and other financial deliverables for prospective and existing business while meeting established departmental turn-around-time goals

  • Prepares financial projections on prospects utilizing financial models in Excel and Salesforce

  • Marketing and placement of stop loss policies, negotiating terms based upon claims data, strategy, relationships and cost avoidance/reduction efforts

  • Works with leaders from key functional areas to understand potential impacts for custom requests

  • Manages and interprets operational data and applies to fee development and financial analysis

  • Presents to internal/external customers, constituents, and business partners

  • Displays a clear understanding of the Meritain products and services along with strong business and systems knowledge

  • Develops and participates in presentation to existing and prospective customers, business partners and internal business areas

  • Collaborates with leadership in Sales to determine the appropriate product mix to issue on proposals that target reducing total cost of care for the plan sponsor

  • Independently assists sales and client management personnel in explaining rates/fees and communication of underwriting and stop loss policies

  • Establishes and maintains a positive and productive relationship with sales, client management, our stop loss panel and internal partners

Education

High School Diploma or equivalent

Pay Range

The typical pay range for this role is:

$43,700.00 - $107,200.00

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. In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies. For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits

We anticipate the application window for this opening will close on: 05/31/2024

We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.

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