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Underwriter job in Salt Lake City

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Salt Lake City, Utah - UT ParetoHealth

Job Ref:  4364622006
Employer:  ParetoHealth
Sector:  Health Insurance
InsurTech
Qualifications:  Unclassified
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  United States
State/Province/County:  Utah - UT
City:  Salt Lake City
Post Code:  Not specified
Map: 

Description

We're in this for the greater good at ParetoHealth. Our mission is collective greatness, nothing less will do. Our team is a single force united in the drive to transform employee health benefits.

The company was founded in 2011 to help small and medium-sized businesses fight the rising cost of employee health benefits. We blazed the trail with financing innovations that reduce the risks in self-insurance and deliver significant savings-and we continue to lead with a growing ecosystem of partners and world-class cost control solutions.

But success is measured by more than dollars alone and we measure ours by the good that comes from knowing that every client and all their employees can count on effective, affordable healthcare for years to come.

Position Summary:

Pareto Health is seeking a seasoned and detail-oriented Underwriter to join our team. This role is pivotal in assessing and managing the risks associated with self-funded health plans, using stoploss insurance. The ideal candidate will bring 2-3 years of experience in analyzing complex health risks and crafting stoploss strategies that align with our commitment to providing innovative and cost-effective healthcare solutions to our clients.

Key Responsibilities:
  • Conduct thorough risk assessments of prospective captive members current health plans and funding arrangements to determine appropriate stop loss coverage levels and premiums.
  • Analyze healthcare data, including claims and utilization patterns, to forecast potential risks and cost implications and support proposed underwriting position
  • Effectively execute in an environment of incomplete information
  • Understanding of competitive market dynamics and react appropriately
  • Partner with account management to ensure appropriate pricing rationale is understood and messaged externally and consider consultant / customer dynamics
  • Enhance your own skills around knowledge of medical treatments and projected costs in partnership with clinical risk team
  • Ensure adherence to industry standards and legal requirements in all underwriting decisions and practices.

Required Skills & Qualifications:
  • Bachelor's degree in finance, economics, actuarial science, or a related field; relevant professional certifications are a plus.
  • Minimum of 2-3 years of experience in stop loss underwriting, with a proven track record in handling complex health risks.
  • Proficiency in underwriting software, data analysis tools, and Microsoft Office Suite.
  • Ability to analyze data, identify trends, and solve underwriting challenges.
  • Strong communication and negotiation skills, with the ability to articulate technical concepts to a non-technical audience.
  • Strong team player, capable of working effectively in a dynamic and collaborative environment.
  • Understanding of stop loss products; self-funding, healthcare industry trends, and regulatory landscape


Pareto Perks:

Pareto offers a competitive compensation package commensurate with skills and experience. In addition, Pareto offers a robust benefits package including Medical (100% employer paid), Dental, Vision, STD/LTD, and employer 401(k) contribution.

What We Live By:

1. Get it Done and Get it Done Right - We crank out work at higher rates and at a higher quality than our peers in the industry. Our ability to do a lot with a little is a driving force behind Pareto Health, one that's made our brand synonymous with class, quality, and extreme competence.

2. Fire in the Belly - We only make time for champions; we only consider those with an inner desire to excel and push things forward. Our team, our partners, our members-everyone in the Pareto Health universe-works hard, learns constantly, improves furiously, and does so with a fire in the belly.

3. See the Field - As you're stuck thinking about tomorrow, we're already on to thinking about next year. Pareto Health embodies a culture of anticipation, perception, and acting with intent. In one-on-ones, in meetings, at a company level, and at an industry level, we're always two steps ahead.

4. For the Greater Good - Our vision extends past the here and now. We're rowing in the same direction toward the common goal of transforming an industry. It's our accountability, teamwork, and responsibility that ensure as we're changing industry tides, we're helping them rise. Now watch as we lift all boats in the process.

Disclosures:

ParetoHealth is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion (creed), gender, gender expression, age, national origin (ancestry), disability, marital status, sexual orientation, or military status, in any of its activities or operations. These activities include, but are not limited to, hiring and firing of staff, selection of volunteers and vendors, and provision of services. We are committed to providing an inclusive and welcoming environment for all members of our staff, clients, volunteers, subcontractors, vendors, and clients.

California Applicants: See Pareto's CCPA Notice of Collection for California Employees and Applicants for information about how Pareto Captive Services, LLC, Pareto Health, LLC, and Pareto Underwriting Partners, LLC, together with their respective subsidiaries (collectively, "Pareto") collects and uses personal information submitted by employment applicants.
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