Job Description

Summary:

Our underwriters partner with various teams including Sales, Account Management and Actuarial to strategize, price, evaluate and underwrite cases for our group voluntary benefit products including Critical Illness, Accident, Hospital Indemnity, Short Term Disability and Life Insurance.

Department : Underwriting

Description of Duties:

• Evaluate risk for group voluntary benefits insurance products. Analyze data such as financial condition of the client company, characteristics of employee groups, participation percentage, type of industry, or past claim experience to determine benefits and rates.
• Ensure proper pricing and appropriate funding methods. Coordinate underwriting activities on proposals, new cases, renewals, and amendments.
• Ensure that the company can administer the client's proposed benefit plan design and funding method.
• Underwrites new business and renewals by analyzing plan design, premium and claim experience information, and the group's demographics to appropriately underwrite the risk.
• Develop and maintain relationships with field personnel and clients by answering general questions and obtaining information on which to base decisions.
• Explain and defend underwriting courses of action.
• Document and communicate decisions to necessary areas in the division.
• Contribute to total division profitability by analyzing/assessing client profitability through experience and expense analysis and attention to product line performance.

Specific Skills

• Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
• Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
• Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
• Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.

Education/knowledge

• Preferred
  • Working knowledge of underwriting policies and procedures, underwriting guidelines and philosophies.
  • Bachelor's Degree in mathematics, actuarial sciences, risk management, business administration, finance/accounting, economics, or a related field
• Strong problem-solving and analytical skills
• Excellent verbal, written and listening communication skills
• Strong customer service skills
• High level of organizational skills and ability to prioritize and multi-task
• Team player. Works well with other underwriters and business partners

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