Financial Underwriter Or Senior Financial Underwriter

Job Duties

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. Blue Cross of Minnesota is an Equal Opportunity Employer and maintains an Affirmative Action plan, as required by Minnesota law applicable to state contractors. All qualified applications will receive consideration for employment without regard to, and will not be discriminated against based on any legally protected characteristic.

Blue Cross and Blue Shield of Minnesota

Position Title : Financial Underwriter Or Senior Financial Underwriter

Location : Hybrid | Eagan, Minnesota

Career Area : Finance

About Blue Cross and Blue Shield of Minnesota

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. We are looking for dedicated and motivated individuals who share our vision of transforming healthcare. As a Blue Cross associate, you are joining a culture that is built on values of succeeding together, finding a better way, and doing the right thing. If you are ready to make a difference, join us.

This position is posted at a hierarchy and can be hired at either the Financial Underwriter, Grade C level or Senior Financial Underwriter, Grade E level. The identified candidate will be hired at a level commensurate with their skills.

Financial Underwriter

The Impact You Will Have

Blue Cross and Blue Shield of Minnesota is hiring a Financial Underwriter in Eagan, MN. This position is responsible for reviewing, preparing and analyzing risk for renewals, proposals, financial agreements and benefit changes. The underwriter is responsible for negotiation with sales or account management for final price and product configuration, support, documentation and communication of the same.

Your Responsibilities

• Analyzes and evaluates existing and new business standard and moderate risk for all funding types.
• Completes financial analysis and settlements for self insured groups.
• Provides communication to internal and external customers expressing complex concepts in understandable terms.
• Develops and maintains documentation on underwriting processes and systems.
• Assists Senior Underwriter and Underwriting Consultants as requested.
• Completes special projects assigned by management.
• Keeps abreast of current underwriting practices, rating tools, industry changes and federal and state healthcare reform mandates.
• Provides training and work direction to lower level underwriters.

Senior Financial Underwriter

The Impact You Will Have

Blue Cross and Blue Shield of Minnesota is hiring a Senior Financial Underwriter in Eagan, MN. The Senior Financial Underwriter is responsible for reviewing, preparing, and analyzing risk for renewals, proposals, financial agreements, settlements, and benefit changes. This role involves negotiating final pricing and product configurations with Sales and Account Management and providing clear documentation and rationale to support decisions.

You'll work across both fully insured and self-insured segments, with a strong emphasis on pharmacy pricing, carve-in / carve-out strategies, and stop-loss evaluations. The position requires strategic thinking, data-driven decision-making, and the ability to consult across the organization on complex underwriting scenarios.

The ideal candidate is a proven healthcare underwriter with at least five years of experience in both fully insured and self-insured environments. They bring expertise in pharmacy pricing, stop-loss strategies, and analyzing complex data to build competitive proposals. Comfortable with high-volume cases and carrier reports, they can quickly step in and contribute. We're looking for a self-starter with a growth mindset-someone who thrives in a dynamic environment and thinks strategically across all underwriting components

Your Responsibilities

This position is posted at a hierarchy and can be hired at either the Financial Underwriter, Grade C level or Senior Financial Underwriter, Grade E level. The identified candidate will be hired at a level commensurate with their skills.

Senior Financial Underwriter

Required Skills and Experiences

Preferred Skills and Experiences

Financial Underwriter

Required Skills and Experience

Preferred Skills and Experience

Healthcare experience

Compensation and Benefits :

Pay Range : Financial Underwriter - $60,000 - $77,600 - $95,200Senior Financial Underwriter - $77,200 - $102,300 - $127,400

Pay is based on several factors which vary based on position, including skills, ability, and knowledge the selected individual is bringing to the specific job.

We offer a comprehensive benefits package which may include :

To discover more about what we have to offer, please review our benefits page.

Role Designation

Hybrid

Anchored in Connection

Our hybrid approach is designed to balance flexibility with meaningful in-person connection and collaboration. We come together in the office two days each week - most teams designate at least one anchor day to ensure team interaction. These in-person moments foster relationships, creativity, and alignment. The rest of the week you are empowered to work remote.

Equal Employment Opportunity Statement

Individuals with a disability who need a reasonable accommodation in order to apply, please contact us at : talent.acquisition@bluecrossmn.com.

Blue Cross® and Blue Shield® of Minnesota and Blue Plus® are nonprofit independent licensees of the Blue Cross and Blue Shield Association.

PI277963246

Minimum Education Required

Minimum Experience Required

Shift

First (Day)

Number of Openings

Compensation

Postal Code

55121

Place of Work

Hybrid

Requisition ID

2691

Job Type

Full Time

Job Benefits

Application Link