Physicians Mutual is hiring for a full time Re-Rating Analyst in our Product Management area. The selected candidate will help to compile and analyze product experience and to recommend appropriate rate action. Analyzes and interprets regulations involving filing requirements and rate increases. Drafts actuarial memorandums, addendums, supplements and certifications required for filings. Prepares rate justification exhibits. Files documents with the State Insurance Departments. Presents and negotiates Company’s position by phone or written correspondence. Compiles and formats special state information as requested by State Insurance Department. Documents all activity and communicates status and results. Prepares and/or oversees the preparation of miscellaneous reports required by State Insurance Departments, the National Association of Insurance Commissioner (NAIC), or America's Health Insurance Plans (AHIP).
Job Qualifications:
- Bachelor’s degree OR equivalent experience is required.
- 4 to 6 years’ experience with the Company’s health products or equivalent experience.
- Experience analyzing, preparing and documenting rate filings.
- Strong computer skills with proficiency in Microsoft Access, Excel and Word.
- Thorough understanding of available premium and claim data.
- Strong analytical skills and mathematical aptitude.
- Strong knowledge of inflationary insurance products, actuarial concepts, and filing requirements.
- Ability to interpret filing regulations and make decisions.
- Ability to exercise judgment regarding acceptability of certain rate actions, balancing Company objectives and State Insurance Department views.
- Ability to recognize the potential impact of rate increase decisions on Company profits.
- Strong verbal and written communication skills, along with self-confidence and assurance necessary for negotiations inside and outside the Company to assure approval of rate increases.
- Good presentation skills.
- Strong organizational skills in order to work with a number of state and product filings with overlapping deadlines.
- Ability to work with other departments in team environment.
- Self-motivated; works with minimal supervision.
- Ability to maintain detailed records and filing systems for state approvals.
About us:
Health. Life. Retirement. The Physicians Mutual family empowers people from all walks of life to enjoy the financial security they deserve. That’s what Insurance for all of us is about.
The Physicians Mutual family includes Physicians Mutual Insurance Company and Physicians Life Insurance Company. Physicians Mutual Insurance Company offers reliable dental and supplemental health insurance (and now, pet insurance!). Physicians Life Insurance Company provides important Medicare Supplement and life insurance coverage. The company additionally offers coverage for funeral pre-planning to help meet the growing needs of funeral home owners and the families they serve.
Since our start in 1902, our dedication to delivering on our promise has helped make us one of the nation’s leading health and life insurance providers. In fact, we are rated in the top 1% of insurance companies. We consistently maintain some of the highest financial strength ratings in the nation from independent insurance analysts, including A.M. Best Company and Weiss Ratings, ensuring we’ll be there for our policyowners and our employees far into the future.
But the achievement we’re most proud of? We have a 95% customer approval rating— a true sign of a company dedicated to embodying its vision.
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