Underwriter I - Lead

Underwriter I, II, III

Hybrid role (3 days/week in office) at our Portland, Medford, Burlington, Vancouver, Renton, Boise, Lewiston or Salt Lake City offices. Candidates must reside within commutable distance of that location.

Build a career with purpose. Join our Cause to create a person-focused and economically sustainable health care system.

Who We Are Looking For:

Every day, Cambia's dedicated team of Underwriters is living our mission to make health care easier and lives better. As a member of the Underwriting team, our Underwriters evaluates each assigned group's risk and attaches the appropriate rate all in service of creating an economically sustainable health care system.

Do you have a passion for serving others and learning new things? Do you thrive as part of a collaborative, caring team? Then this role may be the perfect fit.

What You Bring to Cambia:

Qualifications:

The Underwriter I would have a Bachelor's degree in business, math, statistics or related discipline or an equivalent combination of education and experience.

The Underwriter II would have a Bachelor's degree in business, math, statistics or related discipline and a minimum of 2 years related experience or an equivalent combination of education and experience.

The Underwriter III would have a Bachelor's degree in business, math, statistics or related discipline and a minimum of 4 years related experience or an equivalent combination of education and experience.

Skills and Attributes:

• Demonstrated analytical and problem solving skills.
• Business sense including: finance, accounting, economics, and risk management principles.
• Effective verbal and written communications.
• Ability to build and maintain positive internal and external customer interactions.
• Ability to prioritize tasks and meet deadlines.
• Demonstrated technology proficiency, including Excel, Word, and applicable software applications.
• Experience with AI tools and technologies to enhance productivity and decision-making in professional settings highly desired

Additional Requirements for Underwriter II:

• Demonstrated success with managing competing priorities and workload.

Additional Requirements for Underwriter III:

• Demonstrated proficiency working with complex computer software systems and automation.
• Ability to effectively explain complex mathematical and abstract concepts to a variety of stakeholders, including those with less familiarity and/or understanding.

What You Will Do at Cambia:

• Approves renewal changes after verifying rates and product selection.
• Audits both new and renewing groups as necessary.
• Determines rates for alternative benefit variations.
• Ensures that group participation requirements are met.
• Prepare rate filings.
• Follows underwriting guidelines, policies, procedures and formulas in developing rates for new and renewal groups.
• Gathers the appropriate data used to determine the status of account refunds.
• Maintains spreadsheet information on group renewal history.
• Prepares memos and other correspondence to communicate changes in rates or benefits which have been approved by underwriting management.
• Processes the appropriate paperwork associated with renewal rate action and proposal closing.
• Supports internal sales staff regarding underwriting questions and/or resolves issues.
• Effectively communicates Underwriting decisions to other departments when necessary.

Additional Responsibilities for Underwriter II:

• May determine rates for alternative benefit variations and funding arrangements.
• Assist in the training process and mentoring of more junior level Underwriters.
• Prepares contingent premium settlements.
• Prepares the rate quotations and completes bid specifications.
• Processes group financial settlement calculations.
• Reviews and determines whether or not to grant exception requests.
• Supports management reporting efforts and the development of automated rating and analysis tools.

Additional Responsibilities for Underwriter III:

• May determine rates for alternative benefit variations and more complex funding arrangements.
• Actively involved in the preparation and maintenance of underwriting guidelines and rating policy.
• Actively involved with testing new rating, underwriting and front end systems.
• Answers questions regarding the basic factors used in developing rates, (group size, type of benefits, age/gender composition, large claims, experience provided from the prior carrier, current rates).
• Answers questions regarding the rate model and how it impacts rates in accordance with particular group demographic changes.
• Assesses health risk in a group environment (performs large claim analysis for ongoing claim cost).
• Develops prospective and renewal rates for group accounts in accordance with corporate and underwriting guidelines.
• Reviews and determines whether or not to grant exceptions to underwriting policy.
• Ensures the proper administration of underwriting and legislative guidelines for new and renewing groups.
• Handles large volume production with account specific issues (I.e. reinstatements, eligibility standards, group identification criteria, etc)
• Maintains a working knowledge of State and Federal regulations affecting group rating.
• Prepares rate breakouts and hierarchy definitions for group setups.
• Reviews and directs the preparation of experience reports for fiscal, ERISA and contingent premium settlements.
• May meet with external customers, brokers or account representatives to review underwriting calculations and provide explanations for rating principles.
• May prepare written summaries of recommendations and/or conditions of coverage for the group after completion of each analysis.
• May prepare an explanation of the past rating history, documenting benefit and enrollment changes, and providing a recommendation for benefit and financial options.

Oregon, Washington, Utah, and Idaho: The expected hourly hiring range for a Underwriter I is $25.92 - $37.26, the current full hourly range for this role is $24.40 - $42.20 and the bonus target is 5%.

Oregon, Washington, Utah, and Idaho: The expected hiring range for a Underwriter II is $69,700 $94,300, the current full salary range for this role is $65,000.00 $107,000.00 and the bonus target is 5%.

Oregon, Washington, Utah, and Idaho: The expected hiring range for a Underwriter III is $84,150.00 - $113,850.00, the current full salary range for this role is $79,000 to $129,000.00 and the bonus target for this position is 10%.

About Cambia

Working at Cambia means being part of a purpose-driven, award-winning culture built on trust and innovation anchored in our 100+ year history. Our caring and supportive colleagues are some of the best and brightest in the industry, innovating together toward sustainable, person-focused health care. Whether we're helping members, lending a hand to a colleague or volunteering in our communities, our compassion, empathy and team spirit always shine through.

Why Join the Cambia Team?

At Cambia, you can:

• Work alongside diverse teams building cutting-edge solutions to transform health care.
• Earn a competitive salary and enjoy generous benefits while doing work that changes lives.
• Grow your career with a company committed to helping you succeed.
• Give back to your community by participating in Cambia-supported outreach programs.
• Connect with colleagues who share similar interests and backgrounds through our employee resource groups.

We believe a career at Cambia is more than just a paycheck and your compensation should be too. Our compensation package includes competitive base pay as well as a market-leading 401(k) with a significant company match, bonus opportunities and more.

In exchange for helping members live healthy lives, we offer benefits that empower you to do the same. Just a few highlights include:

• Medical, dental and vision coverage for employees and their eligible family members, including mental health benefits.
• Annual employer contribution to a health savings account.
• Generous paid time off varying by role and tenure in addition to 10 company-paid holidays.
• Market-leading retirement plan including a company match on employee 401(