Underwriting & Rating Financial Analyst (Hybrid/Troy, MI) - Health Alliance Plan
🔍 Troy, Michigan
General Summary:
Responsible for providing analytical and consulting support to the Risk Assessment & Rating department as it relates to Group Renewal process (Individual, Reform & Non-Reform); new business process, support and assist in recurring and/or special projects; develop and streamline processes which increase efficiencies within the department. Work extensively with database(s); prepare multiple documents, spreadsheets, and power point presentations relating to Risk Assessment & Rating projects and processes. Assist with planning and procedure development for the department.
Principal Duties and Responsibilities:
- Develop and determine group quotes.
- Respond to Request for Proposal/Request for Information (RFP/RFI).
- Prepare analyses for competitor’s rates and benefit data, state rate filings and membership & revenue projections based on department’s practices and procedures.
- Provide analytical support to Risk Assessment Analyst and Department Management.
- Input information in the databases and maintain accuracy in the database(s).
- As a key contact for the Risk Assessment & Rating department, interact professionally with Sales, BCT, Receivables and M&B; provide requested information and follow through on contacts as needed with diligent customer service.
- Contact vendors and other clients to obtain/disburse information as appropriate.
- Contribute to continuous improvement initiatives by suggesting process or procedure enhancements.
- Serve as a resource for training and developing Junior Analysts.
- Perform other related duties as assigned.
Education/Experience Required:
- Bachelor’s degree with a major in Finance, Business Administration, Accounting, Mathematics, Statistics.
- Two (2) years’ experience in underwriting, rate setting, cost analysis, statistics, budgeting or other related financial area.
- Two (2) years’ experience working with Microsoft Excel.
- One (1) year experience in a health care or insurance environment is preferred.
- Strong analytical, troubleshooting and problem solving skills.
- Good grammar and proofreading skills; above average written and verbal skills.
- Organized and customer focused.
- Team oriented with a willingness to accept challenging work assignments.
- Excellent Microsoft Office skills with an emphasis on Excel.
- Aptitude for accuracy in arithmetic, checks and balances.
- Advance knowledge of database functionality.
- Ability to multi-task and manage several projects.
Overview
HAP is a Michigan-based, nonprofit health plan that provides health coverage to individuals, Â Â Â Â Â companies and organizations. A subsidiary of Henry Ford Health System, we partner with doctors, employers and community groups to enhance the overall health and well-being of the lives we touch. With more than 1,100 dedicated and passionate employees, our goal is to make health care easy for our members.
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Under the leadership of President and CEO Robert G. Riney, Henry Ford Health is a
$6 billion integrated health system comprised of six hospitals, a health plan, and 250+ sites
including medical centers, walk-in and urgent care clinics, pharmacy, eye care facilities and
other healthcare retail. Established in 1915 by auto industry pioneer Henry Ford, the health system
now has 32,000 employees and remains home to the 1,900-member Henry Ford Medical Group, one
of the nation’s oldest physician groups. An additional 2,200 physicians are also affiliated with the
health system through the Henry Ford Physician Network. Henry Ford is also one of the region’s Â
major academic medical centers, receiving between $90-$100 million in annual research funding and
remaining Michigan’s fourth largest NIH-funded institution. Also an active participant in medical
education and training, the health system has trained nearly 40% of physicians currently practicing
in the state and also provides education and training for other health professionals including nurses,
pharmacists, radiology and respiratory technicians. visit HenryFord.com.
Benefits
Whether it's offering a new medical option, helping you make healthier lifestyle choices or
making the employee enrollment selection experience easier, it's all about choice. Â Henry
Ford Health System has a new approach for its employee benefits program - My Choice
Rewards. Â My Choice Rewards is a program as diverse as the people it serves. Â There are
dozens of options for all of our employees including compensation, benefits, work/life balance
and learning - options that enhance your career and add value to your personal life. Â As an
employee you are provided access to Retirement Programs, an Employee Assistance Program
(Henry Ford Enhanced), Tuition Reimbursement, Paid Time Off, Employee Health and Wellness
and access to day care services at Bright Horizons Midtown Detroit, and a whole host of other
benefits and services. Employee's classified as contingent status are not eligible for benefits
Equal Employment Opportunity/Affirmative Action Employer
Equal Employment Opportunity / Affirmative Action Employer Henry Ford Health System is
committed to the hiring, advancement and fair treatment of all individuals without regard to
race, color, creed, religion, age, sex, national origin, disability, veteran status, size, height,
weight, marital status, family status, gender identity, sexual orientation, and genetic information,
or any other protected status in accordance with applicable federal and state laws.