Underwriter

Underwriter

Who are we?

Versant Health is one of the nation’s leading administrators of managed vision care, serving millions of our clients’ members nationwide. We are driven by our mission to help members enjoy the wonders of sight through healthy eyes and vision.

As a Versant Health associate, you can enjoy a comprehensive Total Rewards package, which includes health and dental insurance, tuition reimbursement, 401(k) with company match, pet insurance, no-cost-to-you vision insurance for you and your qualified dependents. We are also invested in your success. There are many opportunities for advancement and development throughout all stages of your career with us.

See how you can make a difference with the support of strong leadership and a team environment.

See Everything, Be Anything™.

What are we looking for?

This position is responsible for the extraction and transformation of data used to calculate rates by utilizing various financial reporting tools such as profitability, cost, claims expense, forecasting, budgeting, performance metrics, and business drivers.

Where you will have an impact

• Analyze various rate plans utilizing a company’s history to determine appropriate rate plan and benefits costs
• Produce reports, trend analysis, and cost projections to be used for contract negotiations and business decisions
• Review and prepare standard and non-standard client utilization and other analysis (calculating expected income vs. actual premiums paid, for major clients., product mix, out of pocket spend, invoice but not realized claims, loss ratio, in/out network, forward looking budgets/forecast, cost drivers, and performance metrics as applicable)
• Work with internal and external customers as appropriate to gather information to clarify inconsistent, incorrect or missing information
• Provide analytical support to Sales, Finance, Client Management and senior management to meet financial reporting deadlines, client report requests justification for rate increases, and cost projections or budget/forecasts on an ad hoc basis
• Develop and maintain reports for contractual obligations with providers and/or managed care clients
• Maintain a detailed understanding of the data elements, definitions and relationships used in required business analysis and report development
• Responsible for monitoring trends, the development and supporting rationale of rates as well as RFP responses, rate development and documentation
• Utilize various models & quantitative skills to underwrite rates coupled with justification to include an executive summary and impact financials
• Work under general supervision and relies on experience and independent judgment to identify risks and accomplish goals
  
  

What’s necessary to do the job?

• Preferred bacheor’s in related field or equivalent combination of experience and education
• Familiar with standard concepts, practices, and procedures used in underwriting
• Minimum of One (1) year related experience
• Proficiency in MicroSoft Office
• Knowledge and experience in the insurance, health, or vision care industry preferred
  
  

HIPAA & Security Requirements

All Associates must comply with the Health Insurance Portability Accountability Act of 1996 (HIPAA) as it pertains to disclosures of protected health information (PHI) as described in the Notice of Privacy Practices and HIPAA Privacy Policies and Procedures. As a component of job roles and responsibilities, Associates may have access to covered information, cardholder data or other confidential customer information which must be protected at all times. As a result, Associates must explicitly adhere to all data security guidelines established within the Company’s Privacy & Security Training Program.

Versant Health will never request money from candidates who seek employment with us and will never ask for any payment as part of the recruitment process.

Versant Health is a proud Equal Employment Opportunity and Affirmative Action employer dedicated to attracting, retaining, and developing a diverse and inclusive workforce. All qualified applicants will receive consideration for employment at Versant Health without regards to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

The wage range for applicants for this position is [$68,000.00 to $72,000.00].

All incentives and benefits are subject to the applicable plan terms.