Senior Rating And Underwriting Analyst
Blue Cross Blue Shield Of Michigan - New Business Underwritting
Greater Detroit Area
• Calculated rates using appropriate rating formulas and procedures and analyze and evaluate projected financial impacts to safeguard the financial assets of the company.• Explained the components of rate changes to internal and external stakeholders (sales, agents, consultants, and employer groups).• Prepared documents for and facilitate discussions on executive rate reviews involving multiple levels of internal leadership and impacted business segments and recommend approaches for implementing change. • Created quotes for prospective and existing customers using demographic characteristics and/or claims experience. • Understand, protect and educate on the financial health of the company by making sound business recommendations and making policy exceptions when appropriate. • Analyzed participation levels, contribution methodology, industry classification and other carrier information available. Applied knowledge of national and local competitive information to rating decisions. • Facilitated the negotiation of final rates and or applicable administrative costs with enrolled and prospective customers. • Provided consultative analysis related to how BCBSM/BCN products and discounts add value. • Provided training and mentoring to other members of the Rating and Underwriting department including: review and approval of case work, systems, department processes, implementation of new policies and procedures and assisting with departmental planning activities.