Underwriting Analyst I, BahamaHealth

Application Deadline: 14 June, 2021Apply Now
Job Description

PRIMARY RESPONSIBILITIES:

This is an entry level underwriting position focused primarily on group medical & life and other ancillary products.  Responsibilities include:

  • Underwriting of Individual New Business Applications
  • New Group Underwriting
    • Collect and analyze data, financial condition, characteristics, medical condition and past claims experience toassess risk
    • Determine appropriate benefits and rates for group’s 1-25 lives within the prescribed turn-around times
  • Renewal Group Underwriting
    • Provide statistical analysis of premiums, claims, loss ratios and other financial and business analysis critical for proper assessment of past performance and assessment of renewal rate increases
  • Assist with enrolment process for all large new business groups joining BahamaHealth
  • Communicate, cooperate and work with sales and marketing team to ensure effective working relations and timely turnaround for new group sales preparations
  • Complete calculation of reinsurance premiums and submit cheque requests to the accounts department for execution
  • Provide statistical reports that highlight loss ratios and performance of groups
  • Provide back support for Individual Medical Underwriter
  • Demonstrate professionalism, knowledge, initiative, innovation to increase level of customer sat is faction and profitabilityof the organization

 

KNOWLEDGE & SKILLS

  • At least 2 years’ industry experience
  • Bachelor’s Degree or equivalent preferred
  • Technical knowledge and proficiency in industry underwriting and rating practices
  • The understanding of stop-loss terminology, underwriting guidelines and the process and related calculations for rateadjustment factors
  • Excellent math, analytical, and problem-solving skills
  • Ability to communicate effectively, both orally and in writing
  • Excellent Microsoft Office skills - Word, Excel, and Access preferred
  • Ability to work independently to meet deadlines
  • ACS and UWD Designation or equivalent

Role:

Underwriting Analyst I, BahamaHealth

Employment Type:

Full Time