Benefits Underwriting Associate

Position Summary

The Benefits Underwriting Associate is responsible for partnering with assigned underwriter(s) and designated producers for moderately complex accounts. Under limited supervision and within authority guidelines, authorizes renewals and endorsements. Knowledgeable about all related underwriting guidelines and procedures for Health Insurance line of business.

What will your job entail?

Job Responsibilities:
• Assists in developing and directly servicing a book of business in coordination with and under the technical direction of designated underwriter(s). Within defined authority level for renewals, evaluates risks and makes recommendations for acceptance, rejection, modification, or referral in accordance with established underwriting standards, policies, and programs.
• Collaborates with team members to manage work inventories and all production activities to provide quality and timely service and productivity results in accordance with business unit standards.
• Assists underwriters in managing their portfolios through risk evaluation including assessment of risk control reports, financials, audits, loss experience, competitive environment and by acting when peculiarities or deficiencies are noted.
• Develops superior working relationships with producers and acts as first point of contact. Frequently assists producers with questions on products and coverage. Researches and resolves complex errors and questions regarding processes and procedures. Occasionally travels to key producers/accounts with underwriter(s).
• Ensures underwriting file is documented and returns for final file review and further documentation by underwriter via automated desktop systems and tools.
• For new business policies, completes 85-90% of the front-end information gathering and analytics required to enable their assigned underwriter(s) to decide on the risk. Approves, declines, and issues all transactions within assigned authority level including new business, routine renewals, and endorsements.
• Assists in the development of new processes, procedures and/or systems. Participates on committees and projects as required.
• Trains and acts as a resource and mentor for other Underwriting Associates.

Work Experience and Education:

• Bachelor’s degree in fields such as business, finance, actuarial, economics, risk management or a related field.
• 6 Months to 1 years underwriting support or related insurance experience required
• Health Insurance Underwriting experience is a plus.
• Willingness to learn and develop strong technical skills in Health Insurance Industry

Licenses & Certifications:
• State Accident and Health Insurance license a plus

Skills:
Technical/Functional Skills:

· Custom Reporting
· Technical Proficiency
· Regulatory Compliance
· Risk Assessment
· Risk Management
· Data Analysis
· Quoting

Behavioral Skills:
· Attention to Detail
· Analytical
· Communication
· Collaboration
· Problem Solver

Job Responsibilities:

Assists in developing and directly servicing a book of business in coordination with and under the technical direction of designated underwriter(s). Within defined authority level for renewals, evaluates risks and makes recommendations for acceptance, rejection, modification, or referral in accordance with established underwriting standards, policies, and programs.

Collaborates with team members to manage work inventories and all production activities to provide quality and timely service and productivity results in accordance with business unit standards.

Assists underwriters in managing their portfolios through risk evaluation including assessment of risk control reports, financials, audits, loss experience, competitive environment and by acting when peculiarities or deficiencies are noted.

Develops superior working relationships with producers and acts as first point of contact. Frequently assists producers with questions on products and coverage. Researches and resolves complex errors and questions regarding processes and procedures. Occasionally travels to key producers/accounts with underwriter(s).

Ensures underwriting file is documented and returns for final file review and further documentation by underwriter via automated desktop systems and tools.

For new business policies, completes 85-90% of the front-end information gathering and analytics required to enable their assigned underwriter(s) to decide on the risk. Approves, declines, and issues all transactions within assigned authority level including new business, routine renewals, and endorsements.

Assists in the development of new processes, procedures and/or systems. Participates on committees and projects as required.

Trains and acts as a resource and ment