Prepares group renewal quotes. Audits reporting systems. Performs review and risk analysis of rate factors using historical and projected data and makes recommendations to achieve PLR target. Completes analysis as requested by management in support of setting strategic direction.

Calculates standard group renewals with standard plan-specific benefits, following established underwriting formulas and utilizing experience reports to achieve underwriting paid/loss targets

Provides analysis to confirm standard plan factors used in quote preparation are accurate

Examines experience reports and other client data reports to ensure integrity and accuracy of group data based on business guidelines; reports any issues found in the experience reports

Assists Underwriters with calculation of quotes and plan-specific rates, and assists in preparing relevant plan and rate documents

Supports Underwriting Analysts in providing data and reporting necessary for regulatory reporting

Monitors and prepares routine monthly reports on sold business versus underwriting rates to assess the projected financial impacts

Supports studies and projects related to the underwriting function to update accuracy of base data

Performs review of peer and automated rating tool rate calculations to ensure business guidelines are followed and data is reasonable and consistent.Collects, studies, and reviews documentation pertaining to risk cases

Prepares routine reports that outline client administrative and claim financial results

Develops understanding of underwriting systems, both automated and manual, as well as dependencies to the system. Acquires knowledge of other systems, such as product, revenue, and claims, that directly impact underwriting objectives

Participates in projects affecting the underwriting systems including user-end testing of rating tools and systems to ensure accurate rating and plan benefits display

Makes recommendations for rating tool updates or corrections

Job Specifications

Typically has the following skills or abilities:

Bachelor’s degree in Finance, Accounting, Statistics, Mathematics, or in lieu of degree 4 years functional experience

One year of underwriting experience preferred

Familiarity with SQL and Power BI preferred

Developing analytical and problem-solving skills

Professional verbal and written communication skills

Competent in using spreadsheet applications

Proven accuracy and careful attention to detail

Ability to multitask and meet deadlines

Ability to regularly exercise discretion and independent judgment in performance of his/her job duties

Clean credit history as reported by credit report

#LI-VISIONCARE

Compensation range for the role is listed below. Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. As a part of the compensation package, this role may include eligible bonuses and commissions. For more information regarding VSP Vision benefits, please click here. 

Salary Ranges: $58,656.00 - $77,628.00

Unincorporated LA County Residents: Qualified Applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act, and any other similar laws.

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