Senior Underwriter

We are seeking an experienced Underwriter to join our team. In this role, you will be responsible for performing financial analysis, assessing risk, and developing pricing strategies for both new business and renewals. You will collaborate closely with sales teams and occasionally engage directly with client managers to negotiate financial terms. This role applies underwriting guidelines and sound business judgment to develop strategic pricing recommendations that support Medica's financial performance and client retention goals.

The ideal candidate will be an experienced underwriter with a strong analytical mindset, confident decision-making skills, and the ability to effectively translate complex data into actionable insights. They will also demonstrate exceptional communication skills and a collaborative approach to working cross-functionally with sales, actuarial, and other business stakeholders.

Key Accountabilities

• Conduct detailed financial and risk analyses to determine pricing for new and renewal business in the large group segment
• Collaborate with Sales to develop renewal strategies and communicate the rationale behind pricing decisions to internal stakeholders and clients
• Develop and apply an understanding of underwriting risk principles, pricing guidelines, and competitive market trends to support decision-making
• Complete actuarial and macro-level financial analyses to inform underwriting strategy, pricing policies, and business development initiatives

Qualifications

• Bachelor's degree in Finance, Business, Economics, Mathematics or a related field (or equivalent work experience)
• Minimum of 3 years of underwriting or relevant professional experience post-degree

Strongly Preferred experience

• Experience in healthcare underwriting, particularly large group pricing and renewal
• Proficient in risk assessment and data-driven decision-making
• Strong proficiency with Microsoft Excel
• Familiarity with underwriting software and data analytics tools

Skills and Abilities

• Strong analytical and financial modeling skills
• Solid business acumen and understanding of pricing impact
• Clear and effective communicator, both written and verbal
• Confident decision-maker with sound judgment
• Collaborative team player with cross-functional experience
• Flexible and adaptable in a fast-paced environment

This position is a hub-based role which will work primarily remotely but may require some onsite presence. To be eligible for consideration, candidates must reside within a commuting distance to one of the following office locations: Minnetonka, MN or Madison, WI. Onsite frequency is determined by business need as decided by leadership.

The full salary range for this position is $77,100 - $132,200. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to base compensation, this position may be eligible for incentive plan compensation in addition to base salary. Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.