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
Support Aetna's ability to achieve its financial and strategic goals through effective underwriting. Underwriting support primarily includes identifying, evaluating, and managing risk in order to maximize revenue, membership and earnings.
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Performs accurate underwriting analysis and risk assessment for new and/or renewal of large group contracts. Assigned cases/book of business will include multiple product types, funding arrangements and/or rating methodologies. This position requires underwriting technical knowledge at a mastery level. In addition to working on complex or high profile cases, responsibilities may include training, mentoring and project work. May support Underwriting Unit Leader as backup. Responsibilities include but not limited to:
- Prepare and deliver complex, high profile new business quotes and/or existing business renewals.
- Collaborate with field sales and account management on complex or high-profile cases. Presents information to employers, brokers, and consultants.
Independently review work for accuracy, identify risks and make recommendations to manage risk while growing or retaining membership.
- Utilize advanced functionality of underwriting tools, systems, and reference materials to produce accurate quotes and/or renewals.
- Grant underwriting exceptions/financial variances for their assigned cases within the authority limit for the position.
- Advanced understanding of the rate and/or administrative fee development, pricing components, and application of underwriting policies. Independently negotiate pricing and escalate exceptions outside authority limit to manager.
- Produce timely and accurate customer specific documents, deliverables, and account related information. Ensure the pricing supports the quote/renewal strategy. Peer review others work for accuracy.
- Assist department with projects or workgroups. Proactively identify and may lead process improvement through automation or process change.
- Identify training gaps and recommend an appropriate course of action including development and delivery of training.
- Mentors less experienced underwriters in development of technical skills or specific subject matter. Background/Experience
Bachelor's degree or equivalent experience
5+ years' experience in underwriting pricing methodologies and funding arrangements.
In-depth knowledge of rating and/or accounting and underwriting concepts preferred.
Demonstrated analytical and independent thinking skills.
Excellent written and verbal communication skills.
Must be able to communicate effectively with internal and external constituents.
Ability to use standard corporate software packages and corporate applications. Education Requirements
Bachelor's degree or equivalent experience.Pay Range
The typical pay range for this role is:$75,400.00 - $182,549.00
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. This position also includes an award target in the company's equity award program.
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 Benefits | CVS HealthWe anticipate the application window for this opening will close on: 04/30/2025Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.