Underwriting Analyst I

ob Title: Underwriting Analyst I

 

Location: Hybrid – In office: Timonium, MD

POSITION TYPE: Full-time; FLSA Exempt  

COMPANY: Allegeant LLC

REPORTS TO:  Director of Account Management

 

COMPANY OVERVIEW

Allegeant empowers organizations to thrive in today's ever-changing business landscape by providing expert third party administration and employee benefits advisory services. We are committed to delivering innovative solutions, exceptional customer service, and tailored guidance to help our clients optimize their employee benefits programs, minimize costs, and maximize the well-being and satisfaction of their workforce. Our goal is to be a trusted partner, offering comprehensive support and expertise that allows organizations to focus on what they do best, while we handle the complexities of benefits administration and strategic planning. Through our collaborative approach and dedication to excellence, we aim to make a positive impact on the success and growth of our clients' businesses.

POSITION SUMMARY

Launch your career in healthcare consulting and employee benefits underwriting.

We are seeking a motivated Underwriting Analyst I to join our growing TPA and employee benefits advisory firm. This entry-level role is ideal for a recent college graduate, early-career professional (0–2 years of experience) or someone looking for a career change who is analytical, detail-oriented, and eager to build expertise in health plan pricing, claims analysis, and employer benefit strategy.

In this role, you will partner closely with senior underwriters, consultants, and account teams to evaluate historical claims data, support renewal projections, prepare stop-loss underwriting submissions, and develop financial models that help employers make informed decisions about their benefit programs.

You’ll receive structured training, hands-on mentorship, and exposure to real client scenarios—along with a clear path for career growth within underwriting and consulting.

JOB ESSENTIAL RESPONSIBILITIES

• Support senior underwriters in preparing renewal projections for self-funded and fully insured health plans
• Perform medical and pharmacy claims data reporting and analysis, including experience summaries, large-claim reports, utilization dashboards, and trend exhibits
• Analyze historical claims to identify cost drivers, emerging risks, and plan performance insights
• Assist with stop-loss marketing and underwriting submissions, including claims data preparation, census review, and disclosure materials
• Build and maintain pricing models, spreadsheets, and forecasting tools
• Support plan design modeling and cost-impact analysis
• Prepare charts, summaries, and exhibits for client presentations and renewal meetings
• Validate data accuracy and reconcile claims, enrollment, and financial reports
• Partner with account managers, consultants, and operations teams to meet client deliverables and deadlines
• Maintain underwriting documentation and workpapers in accordance with internal standards
• Develop working knowledge of regulatory and compliance concepts affecting underwriting, including ERISA and self-funded plan structures

WHAT YOU’LL LEARN IN THIS ROLE

• How self-funded health plans are priced and managed
• Stop-loss insurance fundamentals
• Renewal and forecasting methodology
• Claims analytics and trend analysis
• Benefit plan design strategies
• Client consulting and presentation skills
• Healthcare cost containment programs and vendor partnerships

KNOWLEDGE, EXPERIENCE, SKILLS and ABILITIES

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics, Actuarial Science, Business Analytics, Health Administration, related field or job experience (preferred but not required)
• Internship or experience analyzing data and/or working in excel
• Strong analytical and quantitative skills
• High proficiency with Microsoft Excel (formulas, pivot tables, basic modeling)
• Attention to detail and ability to work with large datasets
• Strong written and verbal communication skills
• Ability to manage deadlines in a fast-paced consulting environment
• Curiosity and willingness to learn complex healthcare topics
• Willingness to obtain a Life & Health insurance license within the first 90 days (required; company-supported)

WHY JOIN ALLEGEANT

• You’ll get immediate exposure to clients and real-world responsibilities
• Dedicated mentorship and training to help you grow into a client-facing leadership role
• Opportunities for career advancement and skill development
• Competitive salary, performance-based bonus opportunities, and comprehensive benefits
• A collaborative, people-first culture where your ideas are valued

 WORK ENVIRONMENT and PHYSICAL REQUIREMENTS

• Primarily office-based or remote with occasional travel for client meetings.
• Frequent use of computer and phone; extended periods of sitting and screen time.
• Occasional lifting of materials under 20 lbs.

HOW TO APPLY

Ready to take the first step in a high-growth, mission-driven career? Apply today with your resume and a brief cover letter outlining your interest in the role.