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Associate Underwriting Consultant

NRECA
Arlington, VA Full Time
POSTED ON 2/18/2025
AVAILABLE BEFORE 5/15/2025

Job Description

NRECA is a unique national trade association providing advocacy, financial services and business support services to over 900 consumer owned electric cooperatives across the country. NRECA employees are united by our mission, inclusive culture, collaborative workplace and commitment to service excellence. As a “best place to work” employer, we operate with integrity, transparency and a spirit of innovation. One of the many unique services NRECA provides to its member are group insurance benefits, provided through a group Benefits Trust. This Trust provides members with access to medical, dental, Vision, Basic Life, Disability and Travel Accident benefits.

Position Summary

The Associate Underwriting Consultant works closely with the Director of Underwriting and Senior Underwriting Consultant to translate business rating requirements into rate actions for a Trust covering 100,000 lives. They establish proposal rates for various insurance lines and assist in determining and implementing appropriate group insurance rate actions. They also conduct data analysis, calculate new business and renewal rates, and communicate these proposals to internal staff. Additionally, they identify potential improvements to rating processes and ensure compliance with confidentiality and security policies.

Purpose of Position

To help ensure the Group Benefits Trust remains financially viable by ensuring enough premiums are generated and collected to offset our member's claims and out Trust's operational expenses.

Essential Duties and Responsibilities :

  • Perform research, assemble data, and analyze responses to inquiries
  • Calculate new business rates and communicate them to internal staff
  • Calculate renewal rates for various insurance products using appropriate
  • Work on complex new business opportunities, evaluating and analyzing data for new proposal calculations under the guidance of the Senior Underwriting Consultant.
  • Translate and organize underwriting results to update the member-facing rate modeling system.
  • Conduct peer reviews for accuracy during the annual rerate process.
  • Identify potential improvements to rating processes and reporting functionality.

Qualifications

Required Qualifications and Skills :

  • A minimum of 3 years of experience in Underwriting, Marketplace Evaluations, Financial Analysis, or a related field.
  • Knowledge of group health insurance products (e.g. PPO, HMO, EPO, etc. plans)
  • Familiarity with all major group health insurers.
  • Strong analytical and data interpretation skills.
  • Advanced proficiency with Microsoft Excel.
  • Ability to independently work with minimal direction.
  • Excellent communication and collaboration abilities.
  • Ability to manage multiple tasks and meet deadlines.
  • Strong attention to detail and accuracy in work.
  • Bachelor's degree in Business, Finance or related field
  • Essential Physical Requirements :

  • The worker is required to have close visual acuity to perform an activity such as : preparing and analyzing data and figures; transcribing; viewing a computer terminal and extensive reading.
  • Exerting up to 20 pounds of force occasionally, and / or up to 10 pounds of force frequently, and / or a negligible amount of force constantly to move objects. If the use of arm and / or leg controls requires exertion of forces greater than that for sedentary work and the worker sits most of the time, the job is rated for light work.
  • Additional Requirement :

    The preceding job description has been written to reflect management's assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

    NRECA is committed to working with and providing reasonable accommodation to individuals with physical and mental disabilities. If you need special assistance or an accommodation while seeking employment, please e-mail humanresources@nreca.coop or call : 703-907-5992 - NRECA Arlington Human Resources. Please call 402-483-9275 - NRECA Lincoln Human Resources, for Lincoln, NE employment opportunities. We will make a determination on your request for reasonable accommodation on a case-by-case basis.

    The U.S. Equal Employment Opportunity Commission (EEOC) recently released the 'Know Your Rights' poster, which updates and replaces the previous "EEO is the Law" poster and "EEO Is the Law Poster Supplement".

    Pay Transparency Non-Discrimination. NRECA will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay. Please see the Pay Transparency Nondiscrimination Provision for more information.

    E-Verify. As a Federal Contractor, NRECA is required to participate in the E-Verify Program to confirm eligibility to work in the United States. For information please click on the following link : E-Verify.

    For more information about life at NRECA please visit www.Electric.coop.

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