Job Summary
The Underwriter underwrites individual disability income insurance applications, within guidelines set for the issuance of policies on a standard (or better) and substandard basis.
Primary Responsibilities
- Facilitate the sales process while underwriting application files by ensuring reasonable and timely underwriting decisions within established service level objectives
- Determines whether to accept, modify or decline a risk through evaluation of an individual's medical history or physical condition, occupational hazards, financial background, insurable interest and other information pertinent to the decision.
- Has contact with the field force to gather information on which to base decisions and to communicate underwriting courses of action.
- Submits for review by superiors those applications requiring higher ratings or amounts in excess of prescribed limits.
- May also review and take action on reinstatements and changes in existing policies.
- Consults with superiors or medical department concerning any questionable medical or personal situations.
- Continue learning about the Disability insurance industry, the Company, its products, services and underwriting.
- Provide professional, self-sufficient, knowledgeable and skillful risk selection
- Comply with applicable rules, procedures, regulations and laws
- Attend meetings and complete specific underwriting related projects as directed
Requirements
- Bachelor's degree* required – preferably in Insurance, Risk Management, Accounting, Finance or similar discipline
- Minimum 1year of progressive underwriting or closely related experience with consistent track of record success
- Strong service oriented work ethic to understand, anticipate and satisfy customer business needs
- Excellent communication (written and verbal), analytical, organizational and problem solving skills
- Goal oriented, results driven, accountable and reliable
- Demonstrate integrity, a positive attitude, sound judgment and attention to detail
- Self-directed with the ability to multi-task in a fast past environment while under pressure to perform
- Self-motivated with the ability to learn on your own to supplement training provided
- Ability to learn quickly, adapt to change and work independently
- Commitment to quality, innovation and improvement
- Work well in a team environment, excelling both individually and collectively
- Basic computer skills to include proficiency with Microsoft Office programs (Word, Excel, Outlook)
- Industry education designation (FLMI, FALU, CLU etc.) or course work completion a plus
- Bilingual proficiency a plus
* College or university must be sufficiently accredited and listed in the U.S. Department of Education Accreditation Directory.