Back Office Operations

30,000 - 35,000 /month

Bajaj Capital Insurance Broking Limited

Nehru Place, Delhi

2 - 5 years Experience in Back Office / Data Entry

1 Opening

Full Time

Skills Required

Computer Knowledge

Email Writing

MS Excel

MS Word

Job Highlights

Graduate and above

Males Only

10:00 AM - 06:00 PM | 6 days working

Job Benefits: Medical Benefits, PF, Insurance

Job Description

Job Description (JD) – Group Health Insurance Underwriter

Position Title

Group Health Insurance Underwriter

Department

Underwriting / Employee Benefits

Reports To

Underwriting Manager / Head of Underwriting

Job Summary

The Group Health Insurance Underwriter is responsible for evaluating and assessing risks associated with group health insurance policies. The role involves analyzing demographic, claims, and financial data to determine appropriate pricing, coverage terms, and underwriting decisions while ensuring profitability and compliance with regulatory and company guidelines.

Key Responsibilities

Underwriting & Risk Assessment

Evaluate new business submissions and renewal accounts for group health insurance plans.

Analyze census data, claims experience, utilization reports, and financial information to assess risk exposure.

Determine eligibility, coverage terms, limitations, and pricing recommendations.

Prepare underwriting quotations and renewal proposals in accordance with company guidelines.

Pricing & Profitability

Develop premium rate calculations and pricing models for group health products.

Monitor loss ratios and profitability of assigned accounts.

Recommend rate adjustments, benefit modifications, or risk management measures based on experience analysis.

Support product development and pricing initiatives through market and competitor analysis.

Broker & Client Support

Collaborate with brokers, agents, sales teams, and account managers to provide underwriting support.

Respond to underwriting inquiries and explain pricing or coverage decisions.

Participate in client meetings when required to discuss underwriting outcomes and renewal strategies.

Compliance & Reporting

Ensure underwriting decisions comply with applicable insurance regulations and company policies.

Maintain accurate underwriting records and documentation.

Prepare underwriting reports, portfolio analyses, and management summaries.

Support audits and regulatory reviews as needed.

Data Analysis

Review healthcare utilization trends, claims patterns, and emerging risks.

Identify opportunities to improve underwriting processes and portfolio performance.

Utilize underwriting systems and analytical tools to support decision-making.

Qualifications

Bachelor's degree in Finance, Mathematics, Statistics, Insurance, Business Administration, or a related field.

Professional insurance qualifications (e.g., LOMA, CPCU, or equivalent) are preferred.

Strong understanding of group health insurance products, underwriting principles, and healthcare claims analysis.

Experience

2–5 years of experience in health insurance underwriting, employee benefits underwriting, or a related insurance role.

Experience underwriting group medical, hospitalization, and employee benefit plans is preferred.

Required Skills

Risk assessment and underwriting expertise.

Strong analytical and quantitative skills.

Knowledge of health insurance regulations and market practices.

Advanced proficiency in Microsoft Excel and underwriting systems.

Excellent communication and stakeholder management skills.

Attention to detail and strong decision-making abilities.

Ability to manage multiple accounts and meet deadlines.

Key Performance Indicators (KPIs)

Underwriting turnaround time.

Portfolio profitability and loss ratio performance.

Accuracy of pricing and risk assessment.

Renewal retention rates.

Compliance with underwriting guidelines and regulatory requirements.

Quality and timeliness of underwriting reports.

Working Conditions

Office-based, remote, or hybrid work environment.

Occasional travel for client, broker, or internal meetings may be required.

Compensation

Competitive salary, performance incentives, and employee benefits as per company policy.

Other Details

It is a Full Time Back Office / Data Entry job for candidates with 2 - 5 years of experience.

More about this Back Office Operations job

What skills and experience do you need for this Back Office Operations job?
Ans : To apply for this Back Office Operations job, candidates should have skills like Computer Knowledge, Email Writing, MS Excel, MS Word along with 2-5 years of experience.
What is the salary and job type for this role?
Ans : The salary for this Back Office Operations job ranges between ₹30,000-₹35,000 per month. This is a Full Time job.
What is the work schedule for this Back Office Operations job?
Ans : This Back Office Operations job has 6 days working days and timings from 10:00 AM - 06:00 PM.
Do you need to visit the office for this job?
Ans : Yes, candidates need to visit the office and work from the location in Nehru Place, Delhi.
How many vacancies are there for this Back Office Operations job?
Ans : There is 1 vacancy for this Back Office Operations role.
Which candidates are eligible to apply?
Ans : Candidates with a Graduate and above qualification and 2-5 years of experience are eligible to apply for this Back Office Operations role. Only male candidates are eligible.
What are the key responsibilities of this Back Office Operations job?
Ans : As a Back Office Operations, key responsibilities include skills like Computer Knowledge, Email Writing, MS Excel, MS Word. This role is part of Back Office / Data Entry category.
What is the job location for this position?
Ans : The job location for this Back Office Operations position is Nehru Place, Delhi.
Who is the right fit for this Back Office Operations job?
Ans : A candidate having skills like Computer Knowledge, Email Writing, MS Excel, MS Word with 2-5 years of experience is the right fit for this Back Office Operations job.
What makes this Back Office Operations job a good opportunity?
Ans : This Back Office Operations job is a good opportunity as it offers a salary between ₹30,000-₹35,000 per month. This is a Full Time job and has 1 openings.