Contract Specialist

Reposted 8 Days Ago
Be an Early Applicant
Chicago, IL, USA
In-Office
42K-93K Annually
Entry level
Healthtech • Insurance
The Role
The Contract Specialist drafts and negotiates health insurance contracts while collaborating with stakeholders, managing projects, and ensuring compliance with regulations.
Summary Generated by Built In

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.

Join HCSC and be part of a purpose-driven company that will invest in your professional development.

Job Summary

The Employer Document Unit supports the Group market segment, which consists of organizations that offer Blue Cross Blue Shield health insurance to their employees. This position within Employer Document Unit collaborates with internal stakeholders to draft and negotiate contract documents governing the relationship between HCSC and its customers. Responsibilities include drafting both standard and customized account-specific documents for new and renewing accounts including redrafts of up to ten paragraphs as well as developing non-standard contract language and coordinating document production with account managers. This role also supports project planning for development of special group plans, including negotiating benefit plan provisions with customers.

JOB REQUIREMENTS:
* Bachelor’s degree or 4 years’ work experience in a position involving independent judgment and initiative.
* Experience and skills in drafting standard or customized group health contracts or booklet documents with minimal guidance of up to 10 paragraphs.

* Knowledge of insurance contracts such as health, life, disability, supplemental health and/or self-funded.
* Knowledge of insurance products such as health, dental, life, disability and/or supplemental.
* Knowledge of group health state and federal regulations on contract administration.
* PC experience including Microsoft Office.
* Experience in deadline driven environment and completing tasks on time.
* Judgment and problem resolution skills.
* Verbal and written communication skills to interface with staff from other departments, draft document language and handle issue resolution.

PREFERRED JOB REQUIREMENTS:
* JD or paralegal experience.

* Experience working on corporate projects. Skills in project management/project planning.

This is a Flex (Hybrid) role: 3 days in office; 2 days remote.

#LI-AS1

#LI-Hybrid

Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!

Pay Transparency Statement:

At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees.  Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards.

The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.

HCSC Employment Statement:

We are an Equal Opportunity Employment employer dedicated to providing a welcoming environment where the unique differences of our employees are respected and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics.

Base Pay Range$41,700.00 - $92,800.00

Exact compensation may vary based on skills, experience, and location.

Skills Required

  • Bachelor's degree or 4 years' work experience in a position involving independent judgment and initiative
  • Experience and skills in drafting standard or customized group health contracts
  • Knowledge of insurance contracts and products
  • Knowledge of group health state and federal regulations
  • PC experience including Microsoft Office
  • Experience in deadline driven environment
  • Judgment and problem resolution skills
  • Verbal and written communication skills
  • JD or paralegal experience
  • Experience working on corporate projects

Health Care Service Corporation Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Health Care Service Corporation and has not been reviewed or approved by Health Care Service Corporation.

  • Retirement Support A pension plan alongside a matching 401(k) is offered, an uncommon combination in the private sector. This combination is described as a standout element that helps retain employees.
  • Healthcare Strength Healthcare options are broad, with multiple medical, dental, and vision choices, wellness incentives, and access to resources like on-site fitness centers and an EAP. These offerings add meaningful value beyond base pay.
  • Parental & Family Support Paid parental leave (up to six weeks at full pay after one year), adoption assistance, and mothers’ rooms are available. These supports reinforce family needs alongside work commitments.

Health Care Service Corporation Insights

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The Company
HQ: Chicago, IL
13,563 Employees

What We Do

Imagine Something New, Something Different. Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), is the largest customer-owned health insurer in the nation and the fourth largest overall. Operating through our Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma and Texas (as well as a variety of affiliates and subsidiaries,) we are expanding access to high-quality, cost-effective health care. We are equipping members with information and tools so they can make the best health care decisions for themselves and their families. HCSC is continuously recognized as an employer committed to community, diversity and inclusion, training and development. HCSC is committed to pioneering the health care space in ways as effective as they are creative. If you are passionate about the impact you want to have through your work, with a desire to apply innovative thinking to new and emerging challenges, we encourage you to learn more about HCSC. Learn about what we stand for, how we work and the difference we’re making in the lives of our 15 million members. Join HCSC and discover what new ways of thinking can mean for you, your community, our customers and our organization. Divisions of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association.

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